Progress Software Corporation (PRGS)
| Market Cap | 1.81B |
| Revenue (ttm) | 869.02M |
| Net Income (ttm) | 57.59M |
| Shares Out | 43.11M |
| EPS (ttm) | 1.30 |
| PE Ratio | 32.32 |
| Forward PE | 7.83 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,146,577 |
| Open | 41.17 |
| Previous Close | 41.20 |
| Day's Range | 40.95 - 42.41 |
| 52-Week Range | 40.29 - 70.56 |
| Beta | 0.68 |
| Analysts | Buy |
| Price Target | 72.86 (+73.39%) |
| Earnings Date | Sep 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]
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 Forecast
According to 7 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price target is $72.86, which is an increase of 73.39% from the latest price.
News
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.
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, ...
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...
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
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 ...
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...
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...
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...
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...
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 ...
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...