PRGS Stock Recent News

Progress Software (PRGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Progress Software's acquisition of ShareFile is a game-changer, expected to significantly boost recurring revenue and operating margins despite short-term cash flow challenges. PRGS is trading at an attractive valuation of 11x next year's free cash flow, making $60 per share a bargain entry point. Despite competitive pressures from Microsoft and IBM, Progress Software's diverse product portfolio and strong customer retention position it well for future growth.

Progress Software Corporation (NASDAQ:PRGS ) Q3 2024 Earnings Conference Call September 25, 2024 5:00 PM ET Company Participants Michael Micciche - Senior Vice President, Investor Relations Yogesh Gupta - President and Chief Executive Officer Anthony Folger - Chief Financial Officer Conference Call Participants John DiFucci - Guggenheim Securities Lucky Schreiner - D.A. Davidson Bo Yin - Jefferies Operator Good day and welcome to the Progress Software Corporation Q3 2024 Earnings Call.

While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Progress Software (PRGS) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.08 per share a year ago.

Progress Q3'24 Tops High End of Estimates Expects 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.

Get a deeper insight into the potential performance of Progress Software (PRGS) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Innovators from Dupont, Salesforce, Yale and more to explore the future of data, generative AI, knowledge management and data visualization BURLINGTON, Mass., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the speaker lineup for the MarkLogic World Tour US, taking place September 23-25, 2024, at the Bethesda Marriott in Maryland.

Progress Software Co. NASDAQ: PRGS provides software solutions that enable enterprises to design, develop, deploy, automate, and manage business applications. Its products are focused on helping organizations accelerate their digital transformation, enhance user experiences, and modernize their IT infrastructure.

Progress Software is set to acquire ShareFile, which will boost its portfolio with AI-driven document collaboration.