Progress Software Corporation (PRGS)

Currency in USD
37.72
-1.49(-3.80%)
Closed·
37.760.00(0.00%)
·
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Fair Value
Day's Range
37.4939.20
52 wk Range
23.8253.17
Key Statistics
Prev. Close
39.21
Open
38.78
Day's Range
37.49-39.2
52 wk Range
23.82-53.17
Volume
543.17K
Average Volume (3m)
848.9K
1-Year Change
-28.4658%
Book Value / Share
12.03
Fair Value
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Fair Value Upside
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PRGS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
50.67
Upside
+34.32%
Members' Sentiments
Bearish
Bullish
ProTips
High shareholder yield
Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Neutral
Technical Indicators
Sell
Moving Averages
Buy

Analyst Ratings

5 Buy
1 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 50.67
(+34.32% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
DA Davidson
Buy40.00+6.04%40.00Maintain01/07/2026
Oppenheimer
Buy50.00+32.56%57.00Maintain01/07/2026
DA Davidson
Buy40.00+6.04%50.00Maintain31/03/2026
Oppenheimer
Buy57.00+51.11%70.00Maintain31/03/2026
DA Davidson
Buy50.00+32.56%70.00Maintain25/03/2026

Progress Software Corporation Earnings Call Summary for Q2/2026

  • Progress Software Q2 FY2026 EPS of $1.62 beat estimates by 16%, revenue rose 7% to $253M; shares fell 2.89% after-hours despite the beat.
  • Operating margin expanded to 40% with strong cash flow of $79M; net leverage improved to 2.9x from 3.4x as debt reduction continues.
  • Company raised full-year guidance to $990M-$1B revenue and $6.09-$6.21 EPS, but noted half of Q2 revenue beat came from timing pull-forwards.
  • Q3 guidance of $244M-$250M revenue signals slower growth; ARR grew only 2% YoY, tempering investor enthusiasm despite quarterly outperformance.
  • CEO Gupta emphasized AI production adoption benefits Progress's portfolio; company targets acquisitions at 10-25% of revenue with focus on AI relevance.
Last Updated: 30/06/2026, 22:58
Read Full Transcript

Earnings

Latest Release
30/06/2026
EPS / Forecast
1.62 / 1.40
Revenue / Forecast
237.36M / 242.74M
EPS Revisions
Last 90 days

Compare PRGS to Peers and Sector

Metrics to compare
PRGS
Peers
Sector
Relationship
P/E Ratio
17.4x21.4x12.6x
PEG Ratio
0.311.830.01
Price/Book
3.1x5.0x2.4x
Price / LTM Sales
1.5x4.3x2.4x
Upside (Analyst Target)
16.0%26.3%29.5%
Fair Value Upside
Unlock29.1%5.3%Unlock

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, 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 components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Employees
2801

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
22.08M53.84%855.36M
Other Institutional Investors
23.01M46.16%891.22M
Public Companies & Retail Investors
0.000.00%0.00
Total
45.08M100.00%1.75B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.17.00%6,972,080270,098
Vanguard Portfolio Management, LLC8.36%3,430,715132,906

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FAQ

What Is the Progress (NASDAQ: PRGS) Share Price Today?

The Progress stock price today is 37.72 USD.

What Stock Exchange Does Progress (PRGS) Trade On?

Progress is listed and trades on the Nasdaq Stock Exchange.

What Is the Ticker (Stock Symbol) for Progress?

The stock symbol (also called a 'ticker') for Progress is "PRGS."

What Is the Current Progress Market Capitalisation?

As of today, Progress (NASDAQ: PRGS) market cap is 1.55B USD.

What Is Progress's (PRGS) Earnings Per Share (TTM)?

The Progress EPS is currently 2.06 (Trailing Twelve Months).

When Is the Next Progress Earnings Date?

Progress's next earnings report will be released on 29/09/2026.

Is PRGS a Buy or Sell From a Technical Analyst Perspective?

Based on today's Progress moving averages and other technical indicators, the daily buy/sell signal for PRGS stock is Strong Buy.

How Many Times Has Progress Stock Split?

Progress has split 4 times. (See the PRGS stock split history page for full effective split date and price information.)

How Many Employees Does Progress Have?

Progress has 2801 employees, based on their latest Companies House report.

What is the current trading status of Progress (NASDAQ: PRGS)?

As of 08/07/2026, Progress (PRGS) is trading at a share price of 37.72 USD, with a previous close of 39.21 USD. The stock has fluctuated within a day range of 37.49 USD to 39.20 USD, while its 52-week range spans from 23.82 USD to 53.17 USD.

What Is Progress (PRGS) Price Target According to Analysts?

The average 12-month price target for Progress is 50.67 USD, with a high estimate of 83 USD and a low estimate of 40 USD. 5 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +34.32% Upside potential.

What Is the PRGS Premarket Price?

PRGS's last pre-market stock price is 39.24 USD. The pre-market share volume is 1,180.00, and the stock has decreased by 0.03, or 0.08%.
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