Date | Price Target | Rating | Analyst |
---|---|---|---|
3/28/2024 | $65.00 | Buy | DA Davidson |
1/24/2023 | $60.00 | Buy | Guggenheim |
9/9/2022 | $52.00 | Hold | Jefferies |
8/12/2022 | $60.00 | Buy | Guggenheim |
10/22/2021 | $60.00 | Overweight | JP Morgan |
8/6/2021 | $48.00 | Neutral | Citigroup |
7/15/2021 | $54.00 | Outperform | Oppenheimer |
BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2024 after the market close on Tuesday, September 24, 2024. The company's third quarter of fiscal year 2024 ended on August 31, 2024. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. Conference Call DetailsA live webcast of the conference call will be available here. The webcast will be listen-only, and a replay will be available shortly after the call concludes. To access the conference call by phone, please use t
BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced it has entered into a definitive agreement to acquire ShareFile, a business unit of Cloud Software Group, Inc., providing SaaS-native, AI-powered, document-centric collaboration, focusing on industry segments including business and professional services, financial services, healthcare and construction. "Businesses today need to enhance their effectiveness in serving customers, while continuously streamlining their operations to drive efficiency, security and compliance," said Yogesh Gupta, CEO of Progress. "ShareFile fits strategic
New release more than doubles accuracy of response and simplifies development of secure generative AI-enhanced applications BURLINGTON, Mass., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced the early-access release of Progress® MarkLogic® Server 12. With this release, Progress expands on the proven search capabilities within MarkLogic Server by delivering native vector support and new relevance-based algorithms to provide advanced capabilities for customers to harness the power of AI in the enterprise. Customers can now more easily integrate generative AI (GenAI) in their enterprise applications with a
BURLINGTON, Mass., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of infrastructure software, today announced the appointment of YuFan Stephanie Wang (Stephanie) to the role of Executive Vice President (EVP), Chief Legal Officer (CLO) and Secretary. In this role, Stephanie will oversee all aspects of Progress' legal, compliance and corporate governance efforts. "We are thrilled to have Stephanie in the role of Chief Legal Officer," said Yogesh Gupta, CEO, Progress. "In the short time she's been with Progress, Stephanie has made a significant impact in the areas of corporate governance, M&A efforts related to Total Growth Strategy, our ESG efforts, and more
30+ Year Industry Veteran to Steer Company's IT Vision, including Security Best Practices and M&A Integration BEDFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced the appointment of Ian Pitt as its new Chief Information Officer (CIO). With more than 30 years of information technology leadership experience, Mr. Pitt will be responsible for driving the vision, strategy and operations of Progress' global IT organization. He will also lead Progress' ongoing efforts to safeguard its networks, infrastructure, business applications and products with best-in-cla
New hire to champion company's inclusion, equity and diversity practices as part of its larger corporate social responsibility program, Progress for Tomorrow BEDFORD, Mass., June 14, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that it has hired Dr. Shirley Knowles as its first Chief Inclusion and Diversity Officer. Dr. Knowles will be responsible for leading Progress' inclusion and diversity initiatives designed to build, foster and grow a culture where all employees feel valued, safe and successful. "Many companies have worked hard to ensure their inclusion, equity and
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Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Progress Software (NASDAQ:PRGS) in the last three months. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $63.6, with a high estimate of $68.00 and a low estimate of $55.00. A decline of
Wedbush analyst Daniel Ives maintains Progress Software (NASDAQ:PRGS) with a Outperform and raises the price target from $67 to $68.
Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday’s gains while awaiting key economic data releases later this week, including the Fed’s preferred inflation report due on Friday. At noon in New York, major U.S. averages traded flat, showing a lack of direction. Notably, 10 out of 11 sectors in the S&P 500 were in the red, with consumer discretionary being the only sector to post gains. Small caps fell by 0.3%, while blue chips edged up by 0.1%. The semiconductor industry failed to continue its rebound, as the iShares Semiconductor ETF (NYSE:SOXX) dropped 1%, with Nvidia Corp. (NASDAQ:NVDA) down 2%. Treasury yields rose, pa
DA Davidson initiated coverage of Progress Software with a rating of Buy and set a new price target of $65.00
Guggenheim resumed coverage of Progress Software with a rating of Buy and set a new price target of $60.00
Jefferies initiated coverage of Progress Software with a rating of Hold and set a new price target of $52.00
BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2024 after the market close on Tuesday, September 24, 2024. The company's third quarter of fiscal year 2024 ended on August 31, 2024. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. Conference Call DetailsA live webcast of the conference call will be available here. The webcast will be listen-only, and a replay will be available shortly after the call concludes. To access the conference call by phone, please use t
BURLINGTON, Mass., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced it has entered into a definitive agreement to acquire ShareFile, a business unit of Cloud Software Group, Inc., providing SaaS-native, AI-powered, document-centric collaboration, focusing on industry segments including business and professional services, financial services, healthcare and construction. "Businesses today need to enhance their effectiveness in serving customers, while continuously streamlining their operations to drive efficiency, security and compliance," said Yogesh Gupta, CEO of Progress. "ShareFile fits strategic
Second Quarter Revenues and Earnings Per Share Ahead of GuidanceRaising Full Year Revenue and Earnings Per Share Outlook BURLINGTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2024. Second Quarter 2024 Highlights1: Revenue and non-GAAP revenue of $175 million decreased 2% year-over-year on both an actual and a constant currency basis.Annualized Recurring Revenue ("ARR") of $579 million increased 1% year-over-year on a constant currency basis.Operating margin was 16% and non-GAAP operating margin was 38%.Diluted earnings per share
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