Oppenheimer initiated coverage on Progress Software with a new price target
$PRGS
Computer Software: Prepackaged Software
Technology
Oppenheimer initiated coverage of Progress Software with a rating of Outperform and set a new price target of $54.00
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| 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 |
10-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
8-K/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
Leadership Transition in Conjunction with Closing of Majority Recapitalization by Haveli Investments, Bregal Milestone and CrossParadigm Capital M-Files, the leader in knowledge work automation, today announced the appointment of industry veteran Jay Bhatt as CEO. Bhatt joins M-Files with an extensive history of operational excellence and a proven track record of helping software businesses scale, develop powerful go-to-market capabilities, and achieve best-in-class service and support while also investing in product innovation. Bhatt previously served as CEO of both private and public software companies, including Alfresco Software, Blackboard, and Progress Software (NASDAQ:PRGS), and pr
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
BURLINGTON, Mass., Jan. 23, 2025 (GLOBE NEWSWIRE) -- New offering empowers enterprises to simplify data operations and enhance AI capabilities in the cloud Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced the launch of Progress® Data Cloud℠, a managed Data Platform as a Service designed to simplify enterprise data and artificial intelligence (AI) operations in the cloud. With Progress Data Cloud, customers can accelerate their digital transformation and AI initiatives while reducing operational complexity and IT overhead. As global businesses scale their data operations and embrace AI, a robust cloud data strategy
Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2024. Fourth Quarter 2024 Highlights¹: Revenue and non-GAAP revenue of $215 million increased 21% year-over-year both on an actual and a constant currency basis. Annualized Recurring Revenue ("ARR") of $842 million increased 46%
BURLINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2024 after the market close on Tuesday, January 21, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company's fiscal year ended on November 30, 2024. Conference Call DetailsA live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants
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)
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
Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced financial results for its fiscal fourth quarter and fiscal year ended November 30, 2024. Fourth Quarter 2024 Highlights¹: Revenue and non-GAAP revenue of $215 million increased 21% year-over-year both on an actual and a constant currency basis. Annualized Recurring Revenue ("ARR") of $842 million increased 46%
BURLINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2024 after the market close on Tuesday, January 21, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company's fiscal year ended on November 30, 2024. Conference Call DetailsA live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants
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
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
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