Progress Software/$PRGS

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About Progress Software

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.

Ticker

$PRGS
Primary listing

Industry

Software

Employees

2,815

ISIN

US7433121008

PRGS Metrics

BasicAdvanced
$2.7B
50.16
$1.27
0.84
$0.18
1.10%

What the Analysts think about PRGS

Analyst ratings (Buy, Hold, Sell) for Progress Software stock.

Bulls say / Bears say

Progress Software's acquisition of ShareFile for $875 million is expected to add $240 million to annual revenue, expanding its customer base by over 86,000. (reuters.com)
The company reported a 29% year-over-year increase in Q1 revenue to $238 million, surpassing analyst expectations and indicating strong financial performance. (tradingview.com)
Progress Software is investing in AI technologies, positioning itself for long-term growth in the evolving tech landscape. (seekingalpha.com)
The suspension of the quarterly dividend to focus on debt repayment and future investments may deter income-focused investors. (reuters.com)
Integration challenges and profitability pressures related to the ShareFile acquisition could pose risks to the company's financial stability. (seekingalpha.com)
Insider selling, including the CFO's sale of 15,000 shares, may signal concerns about the company's future performance. (americanbankingnews.com)
Data summarised monthly by Lightyear AI. Last updated on 9 Jun 2025.

PRGS Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

PRGS Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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