Progress announced an agreement to acquire Domo’s AI and Data Platform Business for approximately $400 million, funded with cash and its existing revolving credit facility. The asset purchase includes substantially all related assets and employees and is subject to customary conditions, including H…
By Callum Keown, Kit Norton, and Connor SmithStocks traded sideways Wednesday. Chip and artificial intelligence stocks were a big drag on the major indexes. Federal Reserve Chairman Kevin Warsh declined to say whether an interest-rate hike would be announced at the central bank's meeting in July.Pr…
(17:58 GMT) Progress Software Price Target Maintained With a $40.00/Share by DA Davidson
Progress Software Price Target Maintained With a $83.00/Share by Guggenheim
By Anvee BhutaniProgress Software shares rose sharply Wednesday after the software company reported higher second-quarter profit and revenue, with artificial intelligence-driven products boosting sales.Shares of the company were recently up about 16% at $39.11. The stock has gained more than 50% ov…
Explore more price target data and ratings for Progress Software Corporation on the Forecasts tab, and track all previous and future analyst recommendations for Progress Software Corporation in the dedicated News Flow.Select reference data provided by FactSet. Copyright © 2026 FactSet Research Syst…
(13:26 GMT) Progress Software Price Target Cut to $50.00/Share From $57.00 by Oppenheimer
Progress Software Corporation PRGS used its second-quarter call to press a consistent message: its mix of data, workflow and infrastructure products becomes more relevant as enterprises move AI projects into production. Management framed that shift as a source of resilience rather than disruption.T…
Progress Software (PRGS) ARR $868M, +2% YoY. Maintenance/SaaS steady; professional services revenue fell. DSO improved to 49 days, hosting/contractor costs cut, operating cash flow
Q2 2026 results exceeded expectations with 7% revenue growth, strong margins, and robust cash flow. Guidance for the full year was raised, reflecting confidence in continued growth, AI-driven demand, and disciplined capital allocation.Based on Progress Software Corporation [PRGS] Q2 2026 Audio Tran…
Q2 2026 results exceeded expectations with 7% revenue growth, strong margins, and robust cash flow. AI-driven demand boosted data platform performance, and guidance for the full year was raised. Leverage improved, and disciplined capital allocation continues.Based on Progress Software Corporation…
FORECAST CHANGESRECOMMENDATIONSThis summary was machine generated from LSEG data June 30 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact Refinit…
By Grace YoonProgress Software reported higher second-quarter profit as revenue increased, helped by artificial intelligence-powered product offerings.The technology company posted net income of $21.1 million, or 50 cents a share, compared with $17 million, or 39 cents a share, in the same quarter…
Progress Software Corp /MA reported first-quarter 2026 results with revenue of $253.47M, up from $237.36M a year earlier, and diluted earnings per share of $0.5 versus $0.39 in the prior-year quarter. Net income was $21.07M, compared with $17.03M in the year-ago period.Financial Highlights¹ Reporte…
Q2 2026 revenue rose 7% year-over-year to $253.5M, driven by strong software license sales and favorable currency impact. Net income increased to $21.1M, with ARR up 2% to $868M and robust cash flow. Ongoing MOVEit litigation and restructuring actions remain key risks.Original document: Progress So…
Q2 2026 saw 7% revenue growth to $253M, ARR up 2% to $868M, and non-GAAP EPS of $1.62, all above guidance. Operating margin reached 40%, with strong cash flow and continued focus on M&A, debt repayment, and share repurchases. Guidance for FY 2026 was raised.Original document: Progress Software Corp…
Q2 2026 saw 7% revenue growth and strong AI-driven demand, with EPS and cash flow up sharply year-over-year. Guidance for FY 2026 was raised, reflecting confidence in continued growth and operational discipline. Net leverage fell to 2.9x and share repurchases continued.Original document: Progress S…
Progress Software Raises FY26 View To Adj EPS $6.09-Adj EPS $6.21 >PRGS
Progress Software Cuts FY26 View To EPS $1.60-EPS $1.74 >PRGS
Progress Software Raises FY26 View To Rev $990M-$1.002B >PRGS
