Core Viewpoint - Progress Software's shares increased by 4.5% following an upgrade from Citigroup, which changed its rating from Neutral to Buy, highlighting the company's resilient fundamentals and consistent financial and operational performance despite a year-to-date decline of approximately 30% [1] Company Summary - Citigroup upgraded Progress Software's stock to Buy from Neutral [1] - The stock was trading at $46.66 during afternoon trading [1] - The company has demonstrated resilient fundamentals and consistent performance [1]

Core Insights - Progress Software (PRGS) reported total revenue of $249.79 million for the quarter ending August 2025, marking a year-over-year increase of 39.8% [4] International Revenue Trends - Latin America generated $6.22 million in revenue, accounting for 2.5% of total revenue, exceeding Wall Street's expectation of $4.9 million by 26.96% [5] - Europe, Middle East, and Africa contributed $68.34 million, representing 27.4% of total revenue, but fell short of the expected $73.68 million by 7.25% [6] - Asia Pacific accounted for $11.83 million, or 4.7% of total revenue, also missing the forecast of $12.24 million by 3.34% [7] Future Revenue Predictions - Analysts predict total revenue of $252.68 million for the current fiscal quarter, indicating a 17.6% increase year-over-year, with regional contributions expected to be 2.5% from Latin America, 27.3% from Europe, Middle East, and Africa, and 4.7% from Asia Pacific [8] - For the full year, total revenue is projected at $974.34 million, reflecting a 29.3% increase from the previous year, with regional shares expected to be 2.3% from Latin America, 28.5% from Europe, Middle East, and Africa, and 4.9% from Asia Pacific [9] Market Performance - Over the past four weeks, Progress Software's stock has appreciated by 6%, outperforming the Zacks S&P 500 composite's 4.3% increase [14] - In the last three months, the company's shares have declined by 7%, while the S&P 500 increased by 7.4% [14]

Group 1 - Progress Software Corporation (NASDAQ:PRGS) is identified as one of the most undervalued technology stocks according to analysts [1] - On September 29, Progress Software announced the early customer review and testing of the Progress OpenEdge MCP Connector for Advanced Business Language/ABL [1] - The MCP Connector is designed to accelerate development and modernization for users of the Progress OpenEdge platform, providing intelligent automation and domain-specific coding assistance [2][3] Group 2 - The core functionality of the MCP Connector combines GenAI and Retrieval-Augmented Generation/RAG, offering precise coding guidance, refactoring support, and documentation generation aligned with OpenEdge standards [3] - Progress Software develops, deploys, and manages AI-powered applications and digital experiences both in the US and internationally [3]

Core Insights - Progress Software Corporation (NASDAQ: PRGS) is identified as a promising investment opportunity among undervalued technology stocks, particularly following the launch of its new product [1][6] Product Launch - On September 23, Progress Software introduced Flowmon ADS 12.5, an advanced AI-powered detection system aimed at enhancing threat detection and incident response [2][4] - The system addresses issues related to network traffic, alert fatigue, and sophisticated cyber attacks, providing deeper visibility into network activity [2][3] Features and Benefits - Flowmon ADS 12.5 includes curated threat intelligence briefings that offer timely insights into emerging vulnerabilities and attack campaigns [3] - The product also features step-by-step responses to simplify incident handling, empowering teams to manage threats effectively [3][4] - According to Sundar Subramanian, the system delivers actionable intelligence and automation, helping organizations build resilient security postures in a dynamic threat landscape [4] Company Overview - Progress Software Corporation specializes in software and services that assist businesses in developing, deploying, and managing applications and digital experiences, with a focus on application development, enterprise integration, data management, infrastructure management, and AI-powered solutions [5]

BSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional perspective having served as a Board member of a Malaysia listed company for several decades. I have value investing book "Do you really want to master value investing?" on AmazonAnalyst’s Disclosure:I/we have no stock, option or similar derivative position ...

Core Insights - The article compares Progress Software (PRGS) and Intuit (INTU) to determine which stock offers better value for investors [1] - The analysis utilizes a combination of Zacks Rank and valuation metrics to assess the investment potential of both companies [2] Valuation Metrics - Progress Software has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Intuit has a Zacks Rank of 3 (Hold) [3] - PRGS has a forward P/E ratio of 8.13, significantly lower than INTU's forward P/E of 29.58, suggesting PRGS is undervalued [5] - The PEG ratio for PRGS is 1.63, compared to INTU's PEG ratio of 1.96, indicating better expected earnings growth relative to its valuation for PRGS [5] - PRGS has a P/B ratio of 3.95, while INTU's P/B ratio is 9.66, further supporting the argument that PRGS is more attractively valued [6] Conclusion - Given the stronger estimate revision activity and more favorable valuation metrics, PRGS is positioned as the superior investment option for value investors at this time [7]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...

Core Insights - Progress Software has opened a new 1,562-square-meter Center of Excellence in Heredia, Costa Rica, aimed at enhancing technical support, customer success, sales, and corporate functions, marking a significant step in its global growth strategy [1][2][3] Company Expansion - The new facility represents a substantial expansion of Progress Software's operations in Costa Rica, building on its existing presence from the acquisition of ShareFile, and is designed to support the growing portfolio of AI-powered solutions [2][3] - The company has doubled its local workforce, enhancing teams across various functions including customer success, support, sales, human resources, and workplace operations [3] Regional Strategy - The Center of Excellence is part of a broader strategy to establish regional hubs that improve service delivery to global customers, leveraging Costa Rica's skilled workforce and strategic location [3] - The CoE will provide localized services specifically for customers in the Caribbean and Latin America (CALA) region, strengthening the company's ability to support regional growth [3][4] Community Engagement - Progress Software is launching a philanthropic initiative in partnership with Fundación Llovera, focusing on social and labor reintegration for unhoused individuals, demonstrating the company's commitment to making a positive impact in local communities [6] Industry Impact - The establishment of the new center is expected to enhance Costa Rica's role in driving digital transformation, integrating AI with expertise in various fields such as cloud, software development, and big data, while creating meaningful employment opportunities [5]

DA Davidson analyst Lucky Schreiner keeps a Buy rating and $75 price target on Progress Software (PRGS) after its Q3 earnings beat. The company continues to execute well reporting another quarter of strength in the business benefiting from tailwinds to demand as customers adopt new AI capabilities and look to reduce IT complexity, and the firm continues to believe Progress can deliver strong inorganic growth while maintaining low organic growth and best-in class margins, the analyst tells investors in a re ...

Progress Software Corporation (NASDAQ:PRGS) is one of the oversold tech stocks to invest in. On September 18, Progress Software Corporation announced a major expansion of its AI-powered developer capabilities in the Q3 2025 release of its leading developer toolsets, Progress Telerik and Progress Kendo UI. The company’s specialized AI Coding Assistants have now been extended across all major UI component libraries, reporting, and styling tools. The expansion provides deep context to popular AI-powered Inte ...