Progress Software Corporation (PRGS)
| Market Cap | 1.66B -20.5% |
| Revenue (ttm) | 1.00B +15.5% |
| Net Income | 89.04M +54.6% |
| EPS | 2.06 +58.8% |
| Shares Out | 41.01M |
| PE Ratio | 19.64 |
| Forward PE | 6.72 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 724,344 |
| Open | 39.71 |
| Previous Close | 40.35 |
| Day's Range | 39.71 - 41.19 |
| 52-Week Range | 23.82 - 51.28 |
| Beta | 0.82 |
| Analysts | Strong Buy |
| Price Target | 50.67 (+24.96%) |
| Earnings Date | Jun 30, 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 $50.67, which is an increase of 24.96% from the latest price.
News
85% of Lawyers Use AI, Yet Manual Work Still Dominates Legal Workflows, New Progress Software Report Reveals
State of Legal 2026 report shows how AI, automation and streamlined processes can reduce delays and strengthen client confidence
Progress Software price target lowered to $50 from $57 at Oppenheimer
Oppenheimer lowered the firm’s price target on Progress Software (PRGS) to $50 from $57 and keeps an Outperform rating on the shares after the company delivered a solid Q2. Revenue…
Progress Software Earnings Call Transcript: Q2 2026
Q2 2026 results exceeded expectations with 7% revenue growth, strong margins, and robust cash flow. Guidance for the full year was raised, reflecting confidence in continued demand, especially for AI-driven products, and ongoing deleveraging and share repurchases.
Progress Software Earnings release: Q2 2026
Progress Software released its Q2 2026 earnings on June 30, 2026, summarizing the period's financial results.
Progress Software Quarterly report: Q2 2026
Progress Software has published its Q2 2026 quarterly earnings report on June 30, 2026.
Progress Software Slides: Q2 2026
Progress Software has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on June 30, 2026.
Progress Software sees Q3 EPS $1.53-$1.59, consensus $1.45
Sees Q3 revenue $244M-$250M, consensus $249.99M. Anthony Folger, Progress CFO, said: “Our Q2 revenues were ahead of expectations, and the outperformance was largely driven by the success of several AI...
Progress Software raises FY26 EPS view to $6.09-$6.21 from $5.91-$6.03
Consensus $5.98. Raises FY26 revenue view to $990M-$1.002B from $988M-$1B, consensus $994.11M.
Progress Software reports Q2 EPS $1.62, consensus $1.49
Reports Q2 revenue $253.47M, consensus $242.74M. “Q2 was another strong quarter for Progress, highlighted by broad-based demand across our portfolio and driven meaningfully by continued momentum in ou...
Progress Software Reports Fiscal Second Quarter 2026 Financial Results
BURLINGTON, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index and a trusted provider of AI-powered digital experience and infrastructure sof...
Progress Software Launches Progress Chef Enterprise Management for NVIDIA DGX Spark, “the World's Smallest AI Supercomputer”
Progress Chef brings enterprise-grade secure configuration management and governance to fleets of desktop AI supercomputers at scale
Applause and Progress Software Enable Accessible Collaboration for ShareFile Users Worldwide
BOSTON--(BUSINESS WIRE)--Applause, the global leader in managed software testing services and digital quality, today announced it has helped Progress Software reduce accessibility issues in its Progre...
Progress Software to Report Second Quarter 2026 Financial Results on June 30, 2026
BURLINGTON, Mass., June 16, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a small-cap growth and value Russell 2000 stock, today announced that it will release financial results for its f...
Progress Software management to meet with DA Davidson
Meeting to be held in New York on June 1 hosted by DA Davidson.
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 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…