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Market Got It Wrong—Why Progress Software Deserves a Second Look
MarketBeat· 2024-09-17 12:45
Progress Software Today PRGS Progress Software $58.16 +0.17 (+0.29%) 52-Week Range $48.00 ▼ $60.33 Dividend Yield 1.20% P/E Ratio 35.46 Price Target $63.50 Add to Watchlist 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. Its tools and architectu ...
Can the ShareFile Buyout Change PRGS' Fate or is it a Risky Bet?
ZACKS· 2024-09-11 16:57
Progress Software's (PRGS) shares gained 2.49% and closed at $57.62 on Sept. 10. The upswing can be attributed to its plan to acquire ShareFile for $875 million. PRGS shares have gained 14% in the past three months outperforming the Zacks Computer – Software industry's decline of 4.4% and the broader Zacks Computer & Technology sector's decline of 6.4%. ShareFile specializes in AI-driven, cloud-based document collaboration services for various industries, including business, finance, healthcare, and constru ...
Progress Software to Report Third Quarter 2024 Financial Results on September 24, 2024
GlobeNewswire News Room· 2024-09-09 11:31
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. Investor Contact: Press Contact: Michael Micciche Erica McShane Progress Software Progress Software +1 781-850-8450 +1 781-280-4000 Investor-Relations@p ...
Progress to Acquire ShareFile
GlobeNewswire News Room· 2024-09-09 11:30
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 ...
New Progress Semaphore Release Brings to Market AI-Assisted Knowledge Modeling
GlobeNewswire News Room· 2024-08-27 13:00
Semaphore 5.10 increases user productivity with an AI-powered tool that simplifies and accelerates the creation of semantic knowledge models to streamline decision-making processes BURLINGTON, Mass., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Progress(Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the latest release ofProgress® Semaphore™, its metadata management and semantic AI platform. Building on existing knowledge management capabilities, the Semaphore 5.10 platform r ...
Progress Announces Conclusion of SEC Investigation into MOVEit
GlobeNewswire News Room· 2024-08-07 20:15
BURLINGTON, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced that the Securities and Exchange Commission's Division of Enforcement (SEC) has concluded its fact-finding investigation into the MOVEit vulnerability. The SEC has notified Progress that it does not intend to recommend an enforcement action against the company at this time. As previously disclosed, Progress received a subpoena from the SEC on October 2, 20 ...
Progress Introduces the Latest in Job Orchestration with Chef Courier
Newsfilter· 2024-07-31 13:00
New offering delivers efficiency, speed and trust in even the most complex IT environments "Speeding the delivery of critical applications while meeting security and compliance requirements is a must for every business. With today's release, we are extending our customers' ability to do this and much more," said Sundar Subramanian, EVP & General Manager of Infrastructure Management at Progress. "Chef Courier helps to seamlessly unite people, tools and workflows by streamlining critical IT processes. Along w ...
Progress Introduces the Latest in Job Orchestration with Chef Courier
GlobeNewswire News Room· 2024-07-31 13:00
New offering delivers efficiency, speed and trust in even the most complex IT environments BURLINGTON, Mass., July 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the launch of Progress® Chef® Courier™— an innovative product designed to streamline, automate and optimize job orchestration across the entire enterprise software infrastructure. Delivered on the new cloud-native platform, Progress® Chef 360™, Chef Courier adds to t ...
Progress Introduces MarkLogic FastTrack, Helping Organizations Harness the Power of Connected Data
Newsfilter· 2024-07-23 13:00
New UI toolkit enables customers to build data-driven applications up to 90% faster than starting from scratch While organizations add more diverse data types to provide context for business analytics, they struggle to gain deep insights as most business intelligence tools can visualize one aspect of data at a time, giving only a partial representation of what's going on. Data and analytics leaders must bridge the gap between the analytics of today and the context-enriched analysis their industry demands. " ...
Progress Enhances Web Application Firewall (WAF) Capabilities in LoadMaster 360 to Help Organizations Intuitively Secure Their Web Applications
Newsfilter· 2024-07-11 13:00
BURLINGTON, Mass., July 11, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered infrastructure software, today announced new and powerful enhancements in the latest release of Progress® LoadMaster® 360, its cloud-based unified application delivery platform. These enhancements help organizations protect their web applications against increasingly sophisticated cyberattacks and provide customers with an optimal application experience. Web applications present attractive targets ...