Have you been paying attention to shares of Progress Software (PRGS) ? Shares have been on the move with the stock up 10.6% over the past month. The stock hit a new 52-week high of $65.84 in the previous session. Progress Software has gained 17.7% since the start of the year compared to the 24.2% move for the Zacks Computer and Technology sector and the 14.8% return for the Zacks Computer - Software industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as ...

Progress Software (PRGS) posted third-quarter fiscal 2024 non-GAAP earnings of $1.26 per share, beating the Zacks Consensus Estimate by 10.53% and increasing 16.7% year over year. Non-GAAP revenues of $179 million beat the consensus mark by 1.67% and increased 2% year over year on an actual and constant-currency basis. The upside can be attributed to stronger-than-expected demand for multiple products in PRGS's portfolio, particularly OpenEdge, DevTools, Sitefinity, Loadmaster, Flowmon and MOVEit. On a cons ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

For the quarter ended August 2024, Progress Software (PRGS) reported revenue of $178.69 million, up 1.7% over the same period last year. EPS came in at $1.26, compared to $1.08 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $175.75 million, representing a surprise of +1.67%. The company delivered an EPS surprise of +10.53%, with the consensus EPS estimate being $1.14. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this business software maker would post earnings of $0.95 per share when it actually produced earnings of $1.09, delivering a surprise of 14.74%. Over the last four qu ...

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. Third Quarter 2024 Highlights1: Revenue and non-GAAP revenue of $179 million increased 2% year-over-year on both an actual and a constant currency basis. Annualized Recurring Revenue ("ARR") ...

Group 1 - Analysts project Progress Software (PRGS) will announce quarterly earnings of $1.14 per share, a 5.6% increase year over year [1] - Revenues are expected to reach $175.75 million, indicating no change compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, reflecting analysts' reassessment of their projections [1] Group 2 - Revenue from Services is estimated at $18.67 million, a decrease of 3.2% from the prior-year quarter [4] - Revenue from Maintenance is forecasted to reach $103.43 million, indicating a year-over-year decline of 1.7% [4] - The combined estimate for Revenue from Maintenance and Services is $122.10 million, reflecting a change of -1.9% from the prior-year quarter [4] Group 3 - Revenue from Software Licenses is projected at $54.07 million, representing a year-over-year increase of 7% [5] - Progress Software shares have changed by +0.2% in the past month, compared to the Zacks S&P 500 composite's +1.3% [5] - With a Zacks Rank 3 (Hold), PRGS is expected to closely follow overall market performance in the near term [5]

Core Insights - Progress is hosting the MarkLogic World Tour US from September 23-25, 2024, focusing on the future of data, generative AI, knowledge management, and data visualization [1][2] - The event will feature nearly 20 sessions, workshops, and roundtables aimed at exploring the business value of generative AI and addressing data challenges [2][3] - A diverse lineup of industry leaders and experts will share insights on complex data integration and the evolving landscape of data and AI [3] Company Overview - Progress is a provider of AI-powered infrastructure software, enabling organizations to develop and manage responsible AI applications [5] - The company supports over 4 million developers and technologists across hundreds of thousands of enterprises [5] Event Details - The MarkLogic World Tour will take place at the Bethesda Marriott in Maryland, with registration currently open [1][4] - Attendees will have opportunities to collaborate with peers and learn from Progress customers and partners about leveraging data for business initiatives [2][3] Technology Focus - The Progress MarkLogic platform integrates multi-model data management with real-time search and semantic capabilities, providing a secure foundation for generative AI solutions [3] - The platform's architecture enhances large language models (LLMs) with domain-specific knowledge to improve response accuracy and democratize information access [3]

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 ...

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 ...