Progress Software Corporation (PRGS)

US — Technology Sector
Peers: DV  PLUS  CXM  IE  PRCH  JAMF  EVTC  ADEA  LSPD  NTCT 

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Key Metrics & Ratings

  • symbol PRGS
  • Rev/Share 22.7424
  • Book/Share 11.1254
  • PB 3.6844
  • Debt/Equity 1.779
  • CurrentRatio 0.4939
  • ROIC 0.0829

 

  • MktCap 1758781294.0
  • FreeCF/Share 5.3374
  • PFCF 7.664
  • PE 24.0986
  • Debt/Assets 0.3463
  • DivYield 0
  • ROE 0.1589

 

  • Rating B
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 5
  • P/B Score 2
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade PRGS Citigroup Neutral Buy -- $57 Oct. 13, 2025

News

Progress Software (PRGS) Reliance on International Sales: What Investors Need to Know
PRGS
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

Review Progress Software's (PRGS) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.

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image for news Progress Software (PRGS) Reliance on International Sales: What Investors Need to Know
PRGS vs. INTU: Which Stock Is the Better Value Option?
INTU, PRGS
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive

Investors with an interest in Computer - Software stocks have likely encountered both Progress Software (PRGS) and Intuit (INTU). But which of these two companies is the best option for those looking for undervalued stocks?

Read More
image for news PRGS vs. INTU: Which Stock Is the Better Value Option?
Is Progress Software (PRGS) a Great Value Stock Right Now?
PRGS
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Read More
image for news Is Progress Software (PRGS) a Great Value Stock Right Now?
PRGS Q4 Earnings Beat Estimates, Revenues Rise Y/Y, Shares Up
PRGS
Published: January 21, 2026 by: Zacks Investment Research
Sentiment: Positive

Progress Software tops Q4 earnings estimates as revenue jumps 18% year over year, ARR grows, and upbeat fiscal 2026 guidance sends shares up nearly 9% in pre-market.

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image for news PRGS Q4 Earnings Beat Estimates, Revenues Rise Y/Y, Shares Up
Progress Software: ARR Buildup As Company Reloads For Its Next Deal
PRGS
Published: January 21, 2026 by: Seeking Alpha
Sentiment: Positive

Progress Software remains a "Buy," leveraging disciplined M&A and strong integration to drive alpha amid market uncertainty. PRGS demonstrates organic ARR growth and robust 39% pro forma operating margins, qualifying as a "Rule of 40" company. The portfolio's diversification across DevOps, databases, and collaboration tools enables cross-selling and business stability.

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image for news Progress Software: ARR Buildup As Company Reloads For Its Next Deal
Progress Software to Post Q4 Earnings: What's in Store for the Stock?
PRGS
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

PRGS expects Q4 revenues in the range of $250-$256 million and continued growth from AI tools and ShareFile momentum.

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image for news Progress Software to Post Q4 Earnings: What's in Store for the Stock?
Curious about Progress Software (PRGS) Q4 Performance? Explore Wall Street Estimates for Key Metrics
PRGS
Published: January 14, 2026 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Progress Software (PRGS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended November 2025.

Read More
image for news Curious about Progress Software (PRGS) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Progress Software Announces Winners of 2025 Sitefinity Partner of the Year Awards
PRGS
Published: December 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 Software, the trusted provider of AI-powered digital experience and infrastructure software, today announced the winners of its 2025 Sitefinity Partner of the Year Awards.

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image for news Progress Software Announces Winners of 2025 Sitefinity Partner of the Year Awards
Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm
PRGS
Published: December 16, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 one of nine vendors in The Forrester Wave™: Digital Experience Platforms, Q4 2025 1, marking its debut in this influential analyst report.

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image for news Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm
Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release, Transforming How Modern Business Apps Are Built
PRGS
Published: December 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 frameworks; early adopters reporting up to 50% faster development cycles

Read More
image for news Progress Software Brings Agentic AI to its Latest Telerik and Kendo UI Release, Transforming How Modern Business Apps Are Built
Progress Software Stock Down 36%. Learn Why, If AI Makes $PGRS A Buy
PRGS
Published: November 27, 2025 by: Forbes
Sentiment: Negative

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 and AI integration.

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image for news Progress Software Stock Down 36%. Learn Why, If AI Makes $PGRS A Buy
Progress Software Brings Its RAG-as-a-Service Platform to AWS Marketplace
PRGS
Published: November 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

Progress® Agentic RAG platform now available in AWS Marketplace, empowering organizations of all sizes with trustworthy, no-code generative AI for unstructured data

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image for news Progress Software Brings Its RAG-as-a-Service Platform to AWS Marketplace
Progress Federal Solutions Deemed “Awardable” Vendor for U.S. Department of Defense Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace
PRGS
Published: October 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

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) -- Progress Federal Solutions, a wholly owned subsidiary of Progress Software (Nasdaq: PRGS), today announced that it has achieved “Awardable” status through the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace.

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image for news Progress Federal Solutions Deemed “Awardable” Vendor for U.S. Department of Defense Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace
Investing in Progress Software (PRGS)? Don't Miss Assessing Its International Revenue Trends
PRGS
Published: October 06, 2025 by: Zacks Investment Research
Sentiment: Positive

Explore how Progress Software's (PRGS) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Read More
image for news Investing in Progress Software (PRGS)? Don't Miss Assessing Its International Revenue Trends
PRGS vs. INTU: Which Stock Should Value Investors Buy Now?
INTU, PRGS
Published: October 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors with an interest in Computer - Software stocks have likely encountered both Progress Software (PRGS) and Intuit (INTU). But which of these two stocks presents investors with the better value opportunity right now?

Read More
image for news PRGS vs. INTU: Which Stock Should Value Investors Buy Now?
Should Value Investors Buy Progress Software (PRGS) Stock?
PRGS
Published: October 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Read More
image for news Should Value Investors Buy Progress Software (PRGS) Stock?
Progress Software Corporation (PRGS) Q3 2025 Earnings Call Transcript
PRGS
Published: September 29, 2025 by: Seeking Alpha
Sentiment: Neutral

Progress Software Corporation (NASDAQ:PRGS ) Q3 2025 Earnings Call September 29, 2025 5:00 PM EDT Company Participants Michael Micciche - Senior Vice President of Investor Relations Yogesh Gupta - CEO, President & Director Anthony Folger - Executive VP & CFO Conference Call Participants Fatima Boolani - Citigroup Inc., Research Division Lawrence Vensko - Guggenheim Securities, LLC, Research Division Nolan Bruce Jenevein - Oppenheimer & Co. Inc., Research Division Lucky Schreiner - D.A. Davidson & Co., Research Division Presentation Operator Hello, and thank you for standing by.

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image for news Progress Software Corporation (PRGS) Q3 2025 Earnings Call Transcript
Progress Software (PRGS) Reports Q3 Earnings: What Key Metrics Have to Say
PRGS
Published: September 29, 2025 by: Zacks Investment Research
Sentiment: Positive

While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended August 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Read More
image for news Progress Software (PRGS) Reports Q3 Earnings: What Key Metrics Have to Say
What Analyst Projections for Key Metrics Reveal About Progress Software (PRGS) Q3 Earnings
PRGS
Published: September 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Evaluate the expected performance of Progress Software (PRGS) for the quarter ended August 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Read More
image for news What Analyst Projections for Key Metrics Reveal About Progress Software (PRGS) Q3 Earnings
Progress Software Expands AI Coding Assistants Across Telerik and Kendo UI Libraries—Helping Developers Extend Productivity Up to 30%
PRGS
Published: September 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 deliver faster BURLINGTON, Mass., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced a major expansion of its AI-powered developer capabilities in the Q3 2025 release of its leading developer toolsets, Progress® Telerik® and Progress® Kendo UI®.

Read More
image for news Progress Software Expands AI Coding Assistants Across Telerik and Kendo UI Libraries—Helping Developers Extend Productivity Up to 30%
Progress Federal Solutions Delivers Trusted AI-Powered Innovation for the U.S. Government, Defense and Public Sector
PRGS
Published: September 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

Wholly owned subsidiary of Progress Software combines federal expertise with advanced AI technologies to accelerate digital transformation and mission success

Read More
image for news Progress Federal Solutions Delivers Trusted AI-Powered Innovation for the U.S. Government, Defense and Public Sector
Progress Software to Report Third Quarter 2025 Financial Results on September 29, 2025
PRGS
Published: September 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

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 release financial results for its fiscal third quarter of 2025 after the market close on Monday, September 29, 2025.

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image for news Progress Software to Report Third Quarter 2025 Financial Results on September 29, 2025
Is the Options Market Predicting a Spike in Progress Software Stock?
PRGS
Published: August 04, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors need to pay close attention to PRGS stock based on the movements in the options market lately.

Read More
image for news Is the Options Market Predicting a Spike in Progress Software Stock?
Progress Software (PRGS) International Revenue Performance Explored
PRGS
Published: July 07, 2025 by: Zacks Investment Research
Sentiment: Positive

Explore how Progress Software's (PRGS) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Read More
image for news Progress Software (PRGS) International Revenue Performance Explored
Tesla, Progress Software, Dyne Therapeutics And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
DYN, PRGS, TSLA
Published: July 01, 2025 by: Benzinga
Sentiment: Negative

U.S. stock futures were lower this morning, with the Dow futures falling around 0.1% on Tuesday.

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image for news Tesla, Progress Software, Dyne Therapeutics And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
Stay Ahead of the Game With Progress Software (PRGS) Q2 Earnings: Wall Street's Insights on Key Metrics
PRGS
Published: June 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Evaluate the expected performance of Progress Software (PRGS) for the quarter ended May 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Read More
image for news Stay Ahead of the Game With Progress Software (PRGS) Q2 Earnings: Wall Street's Insights on Key Metrics
Progress Software (PRGS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
PRGS
Published: June 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Progress Software (PRGS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read More
image for news Progress Software (PRGS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Progress Software to Report Second Quarter 2025 Financial Results on June 30, 2025
PRGS
Published: June 16, 2025 by: GlobeNewsWire
Sentiment: Neutral

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.

Read More
image for news Progress Software to Report Second Quarter 2025 Financial Results on June 30, 2025
Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience
PRGS
Published: June 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

Progress Software announced significant new enhancements to ShareFile for accountants to automate administrative tasks and enhance client interaction.

Read More
image for news Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience
Why Progress Software (PRGS) is Poised to Beat Earnings Estimates Again
PRGS
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Progress Software (PRGS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Read More
image for news Why Progress Software (PRGS) is Poised to Beat Earnings Estimates Again

About Progress Software Corporation (PRGS)

  • IPO Date 1991-07-30
  • Website https://www.progress.com
  • Industry Software - Application
  • CEO Yogesh K. Gupta
  • Employees 2815

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.