Progress Software Corporation (PRGS)
| Market Cap | 1.26B -50.5% |
| Revenue (ttm) | 987.62M +22.4% |
| Net Income | 85.00M +49.8% |
| EPS | 1.95 +54.1% |
| Shares Out | 42.08M |
| PE Ratio | 15.29 |
| Forward PE | 5.07 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 421,443 |
| Open | 29.08 |
| Previous Close | 29.37 |
| Day's Range | 28.19 - 29.95 |
| 52-Week Range | 23.82 - 65.50 |
| Beta | 0.78 |
| Analysts | Buy |
| Price Target | 49.50 (+65.72%) |
| 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 "Buy." The 12-month stock price target is $49.5, which is an increase of 65.72% from the latest price.
News
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 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...
Progress Software options imply 10.4% move in share price post-earnings
Pre-earnings options volume in Progress Software (PRGS) is normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 10.4%, or $2.94, after results are
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 to Report First Quarter 2026 Financial Results on March 30, 2026
BURLINGTON, Mass., March 16, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will ...
Progress Software rumor highlighted in Betaville blog
A rumor regarding Progress Software (PRGS) was highlighted again in Ben Harrington’s M&A-focused Betaville blog, contacts tell The Fly. Progress Software shares are up about 1% to $35.93 in afternoon
Progress Software Opens Applications for Its 2026 Global STEM Scholarship Series
Committed to advancing technology education, the annual program empowers students in the U.S., Bulgaria and India to pursue STEM degrees BURLINGTON, Mass., March 10, 2026 (GLOBE NEWSWIRE) -- Progress ...
Progress Software price target raised to $60 from $54 at Citi
Citi analyst Fatima Boolani raised the firm’s price target on Progress Software (PRGS) to $60 from $54 and keeps a Buy rating on the shares post the Q4 report. The
This Barron's AI Stock Pick Had Its ‘Strongest Year Ever.' The Stock Is Up 20%.
Progress Software beats quarterly earnings estimates and forecasts stronger-than-expected earnings in 2026.
Progress Software Earnings Call Transcript: Q4 2025
Fiscal 2025 delivered record revenue and EPS, driven by ShareFile integration and AI innovation. Guidance for 2026 projects continued growth, strong cash flow, and steady operating margins, with ongoing investments in AI and disciplined M&A.
Progress Software up 9% at $42.02 after Q4 earnings beat, above-consensus guide
16:29 EST Progress Software (PRGS) up 9% at $42.02 after Q4 earnings beat, above-consensus guide