Core Insights - Progress Software has acquired Nuclia, a company specializing in agentic Retrieval-Augmented Generation (RAG) AI solutions, to enhance its offerings in AI-powered digital experiences and infrastructure [1][2][3] - The acquisition allows organizations to utilize their proprietary business information to retrieve accurate and verifiable answers through a self-service SaaS product, democratizing access to advanced AI capabilities [2][5] - The deal is expected to extend the value of the Progress Data Platform and broaden market reach for agentic RAG technology [2][3] Company Overview - Progress Software (Nasdaq: PRGS) focuses on empowering organizations to achieve success through AI-powered applications and digital experiences, serving over 4 million developers and technologists [4] - Nuclia aims to revolutionize data-driven systems by converting internal data into actionable knowledge, addressing the challenge organizations face in extracting value from their data [5]

Group 1 - Progress Software Corporation is set to release its second-quarter earnings results on June 30, with analysts expecting earnings of $1.30 per share, an increase from $1.09 per share in the same period last year [1] - The company is projected to report quarterly revenue of $237.23 million, compared to $175.08 million a year earlier [1] - In the first quarter, Progress Software reported better-than-expected financial results, leading to a 0.3% increase in share price, closing at $63.75 [2] Group 2 - DA Davidson analyst maintained a Buy rating but reduced the price target from $75 to $70 [4] - Guggenheim analyst reiterated a Buy rating with a price target of $83 [4] - Wedbush analyst maintained an Outperform rating with a price target of $75 [4] - Citigroup analyst maintained a Neutral rating and increased the price target from $65 to $68 [4] - Jefferies analyst maintained a Hold rating and raised the price target from $65 to $70 [4]

Core Insights - Progress Software (PRGS) is expected to report quarterly earnings of $1.30 per share, reflecting a 19.3% increase year over year, with revenues projected at $237.84 million, indicating a 35.9% year-over-year growth [1] - The consensus EPS estimate has remained stable over the last 30 days, suggesting analysts have not changed their initial earnings projections during this period [1][2] Revenue Estimates - Analysts predict 'Revenue- Services' will reach $52.70 million, representing a significant year-over-year increase of 183.4% [4] - The 'Revenue- Maintenance' is expected to be approximately $111.65 million, indicating an 8.9% increase from the previous year [4] - 'Revenue- Maintenance and services' is forecasted to total $167.92 million, reflecting a 38.7% year-over-year growth [4] - 'Revenue- Software licenses' is anticipated to be $70.20 million, showing a 30.1% increase compared to the same quarter last year [5] Stock Performance - Shares of Progress Software have increased by 4.4% over the past month, slightly underperforming the Zacks S&P 500 composite, which rose by 5.1% [6] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the overall market in the near term [6]

Core Insights - Progress Software has announced the latest release of its Semaphore platform, which enhances user productivity, knowledge modeling, and support for semantic compliance standards to drive data value and business success [1][3] Group 1: Product Features - The Semaphore platform now includes an AI Model Builder that connects to a wider range of Large Language Model (LLM) providers, simplifying the knowledge modeling experience [5] - Users can define and manage data quality standards for their knowledge models visually, without needing to write custom code, enhancing productivity [5] - The platform supports Simple Knowledge Organization System (SKOS) mapping relationships, allowing users to map existing concepts to external reference models [5] - Structural-level classification settings have been improved, enabling users to update classification settings at scale for better results [5] - The Concept Reuse feature allows for agile editing of local models, enabling users to copy branches from one model to another for better business outcomes [5] Group 2: Market Position and Recognition - Semaphore was recognized as a Leader and Gold Medalist in Info-Tech Research Group's 2024 Metadata Management Data Quadrant, based on user feedback [3]

Core Viewpoint - The market anticipates Progress Software (PRGS) to report a year-over-year increase in earnings driven by higher revenues for the quarter ended May 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on June 30, with a consensus EPS estimate of $1.30, reflecting a +19.3% year-over-year change, and revenues projected at $237.84 million, up 35.9% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Progress Software is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.46%, suggesting a likelihood of beating the consensus EPS estimate [12][8]. Historical Performance - Progress Software has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a +25.96% surprise in the most recent quarter where actual earnings were $1.31 compared to an expected $1.04 [13][14]. Investment Considerations - While a positive earnings surprise is a strong indicator of potential stock price movement, other factors may also influence the stock's performance post-earnings release, making it essential for investors to consider the broader context [15][17].

Group 1 - The real estate investing landscape features various personas, including luxe developers and stable renovators [1]

Visionary CEO recognized for bold leadership, strategic growth, accelerated AI innovation and long-term stakeholder value creation BURLINGTON, Mass., June 18, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that CEO Yogesh Gupta has been named an Entrepreneur Of The Year® 2025 New England Award winner by Ernst & Young LLP (EY US). The prestigious program recognizes visionary leaders of companies who ...

BURLINGTON, Mass., June 16, 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 second quarter of 2025 after the market close on Monday, June 30, 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 second quarter of fiscal year 2025 ended on May 31, 2025. Conference Call DetailsA li ...

With user-friendly workflows and world-class security, you’ll find new ways to exceed client expectations. AI-powered document insights, client mobile app and unified client hub help firms work faster and better BURLINGTON, Mass., June 05, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced significant new enhancements to Progress® ShareFile®, its SaaS-native document-based collaboration and cli ...

BURLINGTON, Mass., June 04, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the Q2 2025 release of Progress® Telerik® and Progress® Kendo UI®, the most powerful .NET and JavaScript UI libraries for modern application development. This release introduces a number of groundbreaking AI capabilities that significantly accelerate development workflows, including AI Coding Assistants for Blazor and React, ...