Progress Software Corporation (PRGS)
| Market Cap | 1.38B -48.6% |
| Revenue (ttm) | 987.62M +22.4% |
| Net Income | 85.00M +49.8% |
| EPS | 1.95 +54.1% |
| Shares Out | 42.08M |
| PE Ratio | 16.80 |
| Forward PE | 5.57 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,191,163 |
| Open | 31.00 |
| Previous Close | 30.54 |
| Day's Range | 30.56 - 33.07 |
| 52-Week Range | 23.82 - 65.50 |
| Beta | 0.78 |
| Analysts | Strong Buy |
| Price Target | 50.83 (+54.83%) |
| Earnings Date | Jun 29, 2026 |
About PRGS
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational,... [Read more]
Financial Performance
In fiscal year 2025, Progress Software's revenue was $977.83 million, an increase of 29.79% compared to the previous year's $753.41 million. Earnings were $73.13 million, an increase of 6.86%.
Financial StatementsAnalyst Summary
According to 6 analysts, the average rating for PRGS stock is "Strong Buy." The 12-month stock price target is $50.83, which is an increase of 54.83% from the latest price.
News
Progress Agentic RAG Named 2026 AI Excellence Award Winner for Advancing Retrieval-Augmented Generation
Recognition underscores Progress Software's innovation in removing barriers to GenAI research and making trustworthy RAG accessible to organizations of any size
AI Adoption Accelerates in Accounting, Yet Fragmented Tools Keep Efficiency Just Out of Reach, According to New Progress Software Report
State of Accounting 2026 finds accountants embracing AI and automation—yet disconnected systems and inefficient processes continue to limit productivity and consistent client experiences BURLINGTON, M...
Progress Software AGM: Shareholders Approve Directors, Pay Plan and Equity Increase as CEO Touts Growth
Progress Software NASDAQ: PRGS held its 2026 annual meeting of stockholders in a virtual-only format, with President and CEO Yogesh Gupta outlining voting matters and providing an overview of the comp...
Progress Software Transcript: AGM 2026
The meeting approved all board nominees, executive compensation, and share plan increases, and ratified the auditor. Fiscal 2025 delivered record revenue and EPS, driven by AI initiatives and acquisitions, with a strong start to 2026 and ongoing focus on growth and culture.
Progress Software management to meet with Oppenheimer
Meeting to be held on April 28 hosted by Oppenheimer.
Progress Software Releases 2025 Corporate Social Responsibility Report, Underscoring Global Commitment to Giving Back
Report showcases a people‑first culture, measurable global community impact and continued advancements toward long‑term sustainability goals that contributed to multiple Best Workplace honors BURLINGT...
Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation Hub
New office at Embassy Tech Village reinforces the company's long-term commitment to India's tech talent with a focus on AI-led innovation BURLINGTON, Mass., April 14, 2026 (GLOBE NEWSWIRE) -- Progress...
Progress Software price target lowered to $46 from $60 at Citi
Citi analyst Fatima Boolani lowered the firm’s price target on Progress Software (PRGS) to $46 from $60 and keeps a Buy rating on the shares.
Progress Software Delivers Sitefinity Generative CMS for AI-Driven Discovery and Conversational Experiences
Sitefinity Generative CMS enables organizations to securely deliver AI-powered search, personalization and conversational experiences at scale—with built-in governance and control BURLINGTON, Mass., ...
Progress Software price target lowered to $45 from $65 at Wedbush
Wedbush lowered the firm’s price target on Progress Software (PRGS) to $45 from $65 to reflect a lower multiple, while keeping an Outperform rating on the shares. The firm notes…
Progress Software price target lowered to $57 from $70 at Oppenheimer
Oppenheimer analyst Ittai Kidron lowered the firm’s price target on Progress Software (PRGS) to $57 from $70 to account for industry multiple compression, while keeping an Outperform rating on the…
Progress Software price target lowered to $34 from $45 at Jefferies
Jefferies analyst Brent Thill lowered the firm’s price target on Progress Software (PRGS) to $34 from $45 and keeps a Hold rating on the shares. The company’s fiscal Q1 report…
Progress Software Earnings Call Transcript: Q1 2026
Q1 2026 saw 4% revenue growth, 2% ARR growth, and 22% higher EPS, driven by AI innovation and strong execution. ShareFile integration and improved collections boosted cash flow, while isolated churn had minimal impact. Full-year guidance projects steady growth and margin strength.
Progress Software Quarterly report: Q1 2026
Progress Software has published its Q1 2026 quarterly earnings report on March 30, 2026.
Progress Software Earnings release: Q1 2026
Progress Software released its Q1 2026 earnings on March 30, 2026, summarizing the period's financial results.
Progress Software Slides: Q1 2026
Progress Software has posted slides in relation to its Q1 2026 quarterly earnings report, which was published on March 30, 2026.
Progress Software reports Q1 non-GAAP EPS $1.60, consensus $1.57
Reports Q1 revenue $248M, consensus $246.4M.
Progress Software sees Q2 non-GAAP EPS $1.47-$1.53, consensus $1.40
Sees Q2 revenue $240M-$246M, consensus $241.24M.
Progress Software sees FY26 non-GAAP EPS $5.91-$6.03, consensus $5.88
Sees FY26 revenue $988M-$1B, consensus $993.34M.
Progress Software Reports Fiscal First Quarter 2026
BURLINGTON, Mass., March 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index, today announced its financial results for the fiscal first quarter 2026, whi...
Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Progress Software (PRGS), consensus $1.57.
Progress ShareFile Adds eIDAS-Supported e-Signatures to Streamline Secure Document Workflows
New AES and QES support helps customers meet UK and EU compliance requirements, reduce reliance on multiple signing tools and strengthen the foundation for secure AI-powered document workflows BURLING...
Progress Software price target lowered to $50 from $70 at DA Davidson
DA Davidson analyst Lucky Schreiner lowered the firm’s price target on Progress Software (PRGS) to $50 from $70 and keeps a Buy rating on the shares ahead of its Q1…
Progress Software Proxy statement: Proxy filing
Progress Software filed a proxy statement on March 25, 2026, providing details for shareholder voting and corporate governance matters.
Progress Software Proxy statement: Proxy filing
Progress Software filed a proxy statement on March 25, 2026, providing details for shareholder voting and corporate governance matters.