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 |
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
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
Company doubles local workforce, enhancing customer success, technical support, sales, human resources and operations across its AI-powered product portfolio SAN JOSÉ, Costa Rica, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the opening of its new Center of Excellence (CoE) in Heredia, Costa Rica. This marks a key milestone in Progress' global growth strategy and deepens its commitment to delivering high-quality products, services and support to its customers and partners worldwide. Located in Centro Corporativo El Cafetal, the new 1,562-square-meter facility will serv
Annualized Recurring Revenue ("ARR") of $849 million Grew 47% year-over-yearRevenue of $250 million Grew 40% year-over-yearRaises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow BURLINGTON, Mass., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2025. Third Quarter 2025 Highlights: Revenue of $250 million increased 40% year-over-year on an actual currency basis and 38% on a constant currency basis.Annualized Recurring Revenue ("ARR") of $849 million increased 47% year-over-year on a consta
Purpose-built MCP connector combines Generative AI (GenAI) and Retrieval-Augmented Generation (RAG), delivering domain-specific coding support to maximize value from OpenEdge data and applications BURLINGTON, Mass., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced early customer review and testing of the Progress® OpenEdge® MCP Connector for ABL, a purpose-built integration designed to accelerate development and modernization for Progress OpenEdge platform users. The connector empowers organizations to advance their OpenEdge applications and data with intelligent automa
144 - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
8-K/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
10-Q - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
Annualized Recurring Revenue ("ARR") of $849 million Grew 47% year-over-yearRevenue of $250 million Grew 40% year-over-yearRaises Full Year Guidance for Revenue, Earnings Per Share, and Cash Flow BURLINGTON, Mass., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal third quarter ended August 31, 2025. Third Quarter 2025 Highlights: Revenue of $250 million increased 40% year-over-year on an actual currency basis and 38% on a constant currency basis.Annualized Recurring Revenue ("ARR") of $849 million increased 47% year-over-year on a consta
BURLINGTON, Mass., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2025 after the market close on Monday, September 29, 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 third quarter of fiscal year 2025 ended on August 31, 2025. 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
Annualized Recurring Revenue ("ARR") of $838 million Grew 46% year-over-yearRevenue of $237 million Grew 36% year-over-yearRaises Full Year Guidance for Revenue, Operating Margin, Earnings Per Share, and Cash FlowAcquires Agentic RAG AI Company BURLINGTON, Mass., June 30, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal second quarter ended May 31, 2025. Second Quarter 2025 Highlights: Revenue of $237 million increased 36% year-over-year on an actual currency basis and 35% on a constant currency basis.Annualized Recurring Revenue ("ARR") of $838 mi
Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers BURLINGTON, Mass., June 30, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI solutions. Nuclia provides a unique agentic RAG-as-a-service product enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. "Nuclia's easy-to-use, self-service SaaS produ
Senior engineering leader to oversee Company's AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio BURLINGTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the appointment of Ed Keisling as the Company's Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company's product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta. "Ed is a transformational tec
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
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)