Progress Software Corporation (PRGS)

NASDAQ: PRGS · Real-Time Price · USD
46.84
+0.18 (0.39%)
At close: Oct 7, 2025, 4:00 PM EDT
47.39
+0.55 (1.17%)
Pre-market: Oct 8, 2025, 5:13 AM EDT
0.39%
Market Cap2.01B
Revenue (ttm)940.13M
Net Income (ttm)48.54M
Shares Out 42.91M
EPS (ttm)1.09
PE Ratio42.85
Forward PE8.47
Dividendn/a
Ex-Dividend Daten/a
Volume1,032,163
Open47.09
Previous Close46.66
Day's Range45.88 - 47.31
52-Week Range40.29 - 70.56
Beta0.66
AnalystsBuy
Price Target70.00 (+49.45%)
Earnings DateSep 29, 2025

About PRGS

Progress Software Corporation develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt comp... [Read more]

Sector Technology
IPO Date Jul 30, 1991
Employees 2,815
Stock Exchange NASDAQ
Ticker Symbol PRGS
Full Company Profile

Financial Performance

In 2024, Progress Software's revenue was $753.41 million, an increase of 8.49% compared to the previous year's $694.44 million. Earnings were $68.44 million, a decrease of -2.51%.

Financial Statements

Analyst Summary

According to 6 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price target is $70.0, which is an increase of 49.45% from the latest price.

Price Target
$70.0
(49.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Progress Software Expands Presence in Costa Rica with New Center of Excellence

Company doubles local workforce, enhancing customer success, technical support, sales, human resources and operations across its AI-powered product portfolio SAN JOSÉ, Costa Rica, Oct. 01, 2025 (GLOBE...

6 days ago - GlobeNewsWire

Progress Software Corporation (PRGS) Q3 2025 Earnings Call Transcript

Progress Software Corporation (NASDAQ:PRGS) Q3 2025 Earnings Call September 29, 2025 5:00 PM EDT Company Participants Michael Micciche - Senior Vice President of Investor Relations Yogesh Gupta - CEO...

8 days ago - Seeking Alpha

Progress Software Announces Third Quarter 2025 Financial Results

Annualized Recurring Revenue ("ARR") of $849 million Grew 47% year-over-year Revenue of $250 million Grew 40% year-over-year Raises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow

8 days ago - GlobeNewsWire

Progress Software Brings the Power of GenAI and RAG to OpenEdge Customers to Accelerate Development

Purpose-built MCP connector combines Generative AI (GenAI) and Retrieval-Augmented Generation (RAG), delivering domain-specific coding support to maximize value from OpenEdge data and applications  BU...

8 days ago - GlobeNewsWire

Progress Software Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Progress Software Corporation (NASDAQ: PRGS) will release earnings results for the third quarter, after the closing bell on Monday, Sept. 29.

12 days ago - Benzinga

Progress Software Delivers AI-Powered Threat Detection and Incident Response for Organizations to Defend Against Evolving Cyberthreats

New release of Flowmon ADS simplifies threat detection and response, giving organizations faster insights, clearer guidance and stronger protection—without needing deep security expertise BURLINGTON, ...

14 days ago - GlobeNewsWire

Progress Software Expands AI Coding Assistants Across Telerik and Kendo UI Libraries—Helping Developers Extend Productivity Up to 30%

Specialized AI coding assistants are now available for most UI libraries, reporting and styling tools, providing deep context to popular AI-powered IDEs and helping developers automate more and delive...

19 days ago - GlobeNewsWire

Progress Federal Solutions Delivers Trusted AI-Powered Innovation for the U.S. Government, Defense and Public Sector

Wholly owned subsidiary of Progress Software combines federal expertise with advanced AI technologies to accelerate digital transformation and mission success

22 days ago - GlobeNewsWire

Progress Software to Report Third Quarter 2025 Financial Results on September 29, 2025

BURLINGTON, Mass., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will ...

22 days ago - GlobeNewsWire

Progress Software: Compelling Buy After The Crash

Progress Software offers a compelling value opportunity after a 30% share price decline, contrasting with expensive momentum tech stocks. Progress has stabilized annual recurring revenue and maintains...

26 days ago - Seeking Alpha

Progress Software Unveils Breakthrough SaaS RAG Platform Designed to Make Trustworthy and Verifiable Generative AI Accessible Across Organizations of all Sizes

Following its acquisition of Nuclia, Progress introduces the easiest-to-use, RAG-as-a-Service platform—empowering companies to transform unstructured data into actionable intelligence using trustworth...

27 days ago - GlobeNewsWire

Progress Software Announces General Availability of MarkLogic Server 12 and Breakthrough Results with Semantic RAG

Progress' semantic and graph RAG approach—featuring MarkLogic Server 12—delivers 33% higher LLM accuracy and faster discovery for customers LAS VEGAS, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Progress Softwa...

2 months ago - GlobeNewsWire

Progress Software to Present at Ai4 2025 in Las Vegas

Company to showcase real-world AI applications and data innovation at premier AI event BURLINGTON, Mass., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI...

2 months ago - GlobeNewsWire

Progress Software Announces Amended Credit Facility

New $1.5B facility will support continued growth and provide greater scale and flexibility BURLINGTON, Mass., July 22, 2025 (GLOBE NEWSWIRE) --  Progress Software (Nasdaq: PRGS), the trusted provider ...

2 months ago - GlobeNewsWire

Tesla, Progress Software, Dyne Therapeutics And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Tuesday.

Other symbols: DYNTSLA
3 months ago - Benzinga

Progress Software Q2: Overall Performance Is Lacking

Progress Software's Q2 results were driven by the ShareFile acquisition, masking lackluster organic growth and highlighting the early stage of its SaaS pivot. The company's financial position is stabl...

3 months ago - Seeking Alpha

Progress Software Corporation (PRGS) Q2 2025 Earnings Call Transcript

Progress Software Corporation (NASDAQ:PRGS) Q2 2025 Earnings Conference Call June 30, 2025 5:00 PM ET Company Participants Anthony Folger - Executive VP & CFO Michael Micciche - Senior Vice President...

3 months ago - Seeking Alpha

Progress Software Announces Second Quarter 2025 Financial Results

Annualized Recurring Revenue ("ARR") of $838 million Grew 46% year-over-year Revenue of $237 million Grew 36% year-over-year Raises Full Year Guidance for Revenue, Operating Margin, Earnings Per Share...

3 months ago - GlobeNewsWire

Progress Software Acquires Nuclia, an Innovator in Agentic RAG AI Technology

Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers

3 months ago - GlobeNewsWire

Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Progress Software Corporation PRGS will release earnings results for the second quarter, after the closing bell on Monday, June 30.

3 months ago - Benzinga

New Progress Semaphore Release Unleashes AI to Drive Smarter Enterprise Knowledge Management

Latest Semaphore platform release enhances user productivity, knowledge modeling and support for semantic compliance standards to drive data value and foster business success BURLINGTON, Mass., June 2...

3 months ago - GlobeNewsWire

Progress Software: A Proven Acquirer At A Reasonable Price

Progress Software excels as a disciplined, serial acquirer of stable, cash-flowing software assets, prioritizing financial discipline over high-risk growth strategies. Its leveraged capital structure,...

3 months ago - Seeking Alpha

Progress Software CEO Yogesh Gupta Named an EY US Entrepreneur Of The Year® 2025 New England Award Winner

Visionary CEO recognized for bold leadership, strategic growth, accelerated AI innovation and long-term stakeholder value creation BURLINGTON, Mass., June 18, 2025 (GLOBE NEWSWIRE) -- Progress Softwar...

3 months ago - GlobeNewsWire

Progress Software to Report Second Quarter 2025 Financial Results on June 30, 2025

Progress Software announced that it will release financial results for its fiscal second quarter of 2025 after the market close on Monday, June 30, 2025.

4 months ago - GlobeNewsWire

Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience

Progress Software announced significant new enhancements to ShareFile for accountants to automate administrative tasks and enhance client interaction.

4 months ago - GlobeNewsWire