Progress Software Corporation (PRGS)
| Market Cap | 2.14B |
| Revenue (ttm) | 869.02M |
| Net Income (ttm) | 57.59M |
| Shares Out | 43.11M |
| EPS (ttm) | 1.30 |
| PE Ratio | 38.17 |
| Forward PE | 9.12 |
| Dividend | $0.18 (0.35%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 1,507,341 |
| Open | 50.39 |
| Previous Close | 50.64 |
| Day's Range | 49.15 - 50.56 |
| 52-Week Range | 49.15 - 70.56 |
| Beta | 0.67 |
| Analysts | Buy |
| Price Target | 74.43 (+50.0%) |
| Earnings Date | Jun 30, 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 to transform user experiences by streamlining and automating complex business rules; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools that consists of software development tooling collection, includi... [Read more]
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 StatementsAnalyst Summary
According to 7 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price target is $74.43, which is an increase of 50.00% from the latest price.
News
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.
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...
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...
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...
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
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.
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...
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,...
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...
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.
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.
Progress Software Sets New Standard for Developer Productivity with Groundbreaking AI Coding Assistants in Latest Telerik and Kendo UI Release
BURLINGTON, Mass., June 04, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the Q2 2025 re...
Progress ShareFile Enhances Secure Enterprise Collaboration with Deep Microsoft 365 Interoperability
ShareFile AI-powered, document workflow and file sharing platform with enhanced security offers industry-leading deep Microsoft 365 integration and features for enterprise teams BURLINGTON, Mass., Ma...
Progress Congratulates Chairman Jack Egan on NACD New England Leadership in Corporate Governance Award
Prestigious honor recognizes Egan's outstanding contributions to corporate governance and board leadership BURLINGTON, Mass., April 24, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted pr...
Progress Empowers Marketers with Innovative AI Capabilities for Creating Superior Digital Experiences
BURLINGTON, Mass., April 10, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the latest AI innovati...
Progress Software: Declining ARR Is A Concern (Rating Downgrade)
I'm downgrading Progress Software to a neutral rating, as its relative valuation against the broader market is no longer as compelling. After the company's integration of its major ShareFile acquisiti...
Progress Unveils Powerful AI Tools in ShareFile Platform to Dramatically Increase Efficiency and Productivity
Advanced capabilities strengthen data security, streamline workflows and accelerate document collection by nearly 3.5x BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), th...
Overlooked Stock: PRGS
Progress Software (PRGS) popped after Monday's postmarket earnings report that George Tsilis says signals growth. He turns to how the company uses A.I.
Progress MOVEit Recognized in G2's Best IT Infrastructure Products List for Third Consecutive Year
Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital...
Progress Software Corporation (PRGS) Q1 2025 Earnings Call Transcript
Progress Software Corporation (NASDAQ:PRGS) Q1 2025 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger ...
Progress Announces First Quarter 2025 Financial Results
Annualized Recurring Revenue ("ARR") of $836 million Grew 48% year-over-year Revenue of $238 million Grew 29% year-over-year ShareFile Integration Underway BURLINGTON, Mass., March 31, 2025 (GLOBE NEW...
ShareFile Named a Visionary in 2024 Gartner® Magic Quadrant™ for Document Management
ShareFile is recognized for its completeness of vision and ability to execute BURLINGTON, Mass., March 25, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital ...
Progress to Report First Quarter 2025 Financial Results on March 31, 2025
BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release ...
Progress Releases Over 50 Free Enterprise-grade UI Components for React Developers
Developers gain access to market-leading components and UI customization tools free of charge BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-...
Progress Chef Platform Named to Constellation ShortList™ for DevOps
The annual vendors list recognizes Chef as a top offering for digital leaders reinventing operations and transforming business models BURLINGTON, Mass., March 11, 2025 (GLOBE NEWSWIRE) -- Progress (Na...