Progress Software Corporation (PRGS)
| Market Cap | 1.17B |
| Revenue (ttm) | 987.62M |
| Net Income (ttm) | 85.00M |
| Shares Out | 42.08M |
| EPS (ttm) | 1.95 |
| PE Ratio | 14.21 |
| Forward PE | 4.72 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 840,393 |
| Open | 27.97 |
| Previous Close | 27.40 |
| Day's Range | 27.51 - 28.55 |
| 52-Week Range | 23.82 - 65.50 |
| Beta | 0.75 |
| Analysts | Buy |
| Price Target | 49.50 (+78.25%) |
| Earnings Date | Mar 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 Forecast
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 78.25% from the latest price.
News
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 Analysts Cut Their Forecasts After Q1 Results
Progress Software Corporation (NASDAQ: PRGS) reported better-than-expected earnings for the first quarter on Monday.
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 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 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 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 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 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 ...
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 Stock Climbs After Mixed Q4 Results, Strong FY26 Guidance
Progress Software Corp. (NASDAQ: PRGS) shares climbed in Tuesday's extended trading after the company released its fourth quarter earnings report and strong forward guidance.
Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results
BURLINGTON, Mass., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index, today announced its financial results for the fiscal fourth quarter and full ...
Progress Software to Report Fourth Quarter 2025 and Full Year Financial Results on January 20, 2026
BURLINGTON, Mass., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will r...
Progress Software Announces Winners of 2025 Sitefinity Partner of the Year Awards
New award category spotlights advances in AI-powered digital experiences; Industry leaders recognized for excellence and collaboration BURLINGTON, Mass., Dec. 18, 2025 (GLOBE NEWSWIRE) -- Progress Sof...
Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm
Company earns recognition among top digital experience platforms in the market BURLINGTON, Mass., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS) today announced its inclusion as on...
Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release, Transforming How Modern Business Apps Are Built
With new agentic capabilities, developers can build complete enterprise-grade screens from a prompt while leveraging AI-powered smarter debugging and faster delivery across .NET and JavaScript framewo...
Progress Software Stock Down 36%. Learn Why, If AI Makes $PGRS A Buy
Progress Software's stock fell 36% in 2025, primarily due to a MOVEit data breach lawsuit carrying potential financial liabilities from $30 million to over $500 million, overshadowing strong earnings ...
Progress Software Brings Its RAG-as-a-Service Platform to AWS Marketplace
Progress® Agentic RAG platform now available in AWS Marketplace, empowering organizations of all sizes with trustworthy, no-code generative AI for unstructured data
Progress Software Redefines Digital Experiences with the First Generative Content Management System (CMS) Built on Trusted AI
New Agentic RAG capabilities transform enterprise knowledge into verified, dynamically generated digital experiences—delivering instant, hyper-personalized journeys no other CMS can match BURLINGTON, ...
Progress Federal Solutions Deemed “Awardable” Vendor for U.S. Department of Defense Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace
Progress Data Platform now available on the premier AI procurement marketplace, helping agencies turn complex data into actionable intelligence BURLINGTON, Mass., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Pro...
Progress Software Launches Automate MFT: The Next Generation of File Transfer Solutions, Cutting File Transfer Costs by Up to 50%
Modern SaaS platform streamlines secure file transfer automation—reducing manual processes, scripting and infrastructure overhead to improve compliance and boost productivity
Progress Software Expands Presence in Costa Rica with New Center of Excellence
Company doubles local workforce, enhancing customer success, technical support, sales, human resources and operations across its AI-powered product portfolio SAN JOSÉ, Costa Rica, Oct. 01, 2025 (GLOBE...
Progress Software Earnings Call Transcript: Q3 2025
Q3 results exceeded all guidance metrics, driven by strong AI-fueled demand and successful ShareFile integration. Revenue grew 40% year-over-year, ARR rose 47%, and EPS reached $1.50. Full-year guidance was raised, with continued focus on disciplined capital allocation.
Progress Software Announces Third Quarter 2025 Financial Results
Annualized Recurring Revenue ("ARR") of $849 million Grew 47% year-over-year Revenue of $250 million Grew 40% year-over-year Raises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow