Guggenheim resumed coverage on Progress Software with a new price target
$PRGS
Computer Software: Prepackaged Software
Technology
Guggenheim resumed coverage of Progress Software with a rating of Buy and set a new price target of $60.00
Save time and jump to the most important pieces.
| 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 |
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
Latest Sitefinity release offers out-of-the-box native support for Next.js and Gen AI-powered content workflows--accelerating the delivery of digital experiences BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®. With this release, Sitefinity introduces native support for Next.js, a React framework, enabling organizations to leverage one of the fastest growing frontend frameworks for developers to create modern, state-of-the-art digital experiences. "Developers want to use their technology of choic
Enduring partnership highlights both companies' dedication to providing cutting-edge cybersecurity solutions for customers throughout the Middle East BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced 10 years of partnership with emt Distribution—a leading cybersecurity distributor in the Middle East and Africa. Together, they have empowered hundreds of organizations across the region, spanning sectors such as government, finance, oil and gas and education, to strengthen their security and IT infrastructure. "emt Distribution's deep understanding of the Middle East market and their custo
ShareFile's AI-powered, document-centric collaboration platform expands Progress' industry-leading product portfolio and marks a major milestone in the company's Total Growth Strategy BURLINGTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced the completion of the acquisition of ShareFile, a business unit of Cloud Software Group, Inc., providing a SaaS-native, AI-powered, document-centric collaboration platform, focusing on industry segments including business and professional services, financial services, industrial and healthcare. "This acquisition marks the latest major milestone in Progress'
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
10-Q - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
Progress Q3'24 Tops High End of EstimatesExpects to Close ShareFile Acquisition in Fiscal 2024 BURLINGTON, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2024. Third Quarter 2024 Highlights1: Revenue and non-GAAP revenue of $179 million increased 2% year-over-year on both an actual and a constant currency basis.Annualized Recurring Revenue ("ARR") of $582 million remained relatively flat year-over-year on a constant currency basis.Operating margin was 23% and non-GAAP operating margin was 41%.Diluted earnings per share was $0.65 c
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
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
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning best employer BURLINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced the appointment of Amanda Arria as Chief People Officer (CPO), effective October 28, 2024. In her new role, Arria will be responsible for all aspects of Progress' global People Team function. She joins the Progress executive team, reporting directly to CEO Yogesh Gupta. "Amanda Arria is an exceptional Human Resources professio
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