ShareFile’s AI-powered, document-centric collaboration platform expands Progress’ industry-leading product portfolio and marks a major milestone in the company’s Total Growth Strategy BURLINGTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the completion of the acquisition of ShareFile, a business unit of Cloud Software Group, Inc., providing a SaaS-native, AI-powered, document-centric collaboration platform, f ...

Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning best employer BURLINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the appointment of Amanda Arria as Chief People Officer (CPO), effective October 28, 2024. In her new role, Arria will be responsible for all a ...

Have you been paying attention to shares of Progress Software (PRGS) ? Shares have been on the move with the stock up 16.9% over the past month. The stock hit a new 52-week high of $67.9 in the previous session. Progress Software has gained 23.9% since the start of the year compared to the 26% move for the Zacks Computer and Technology sector and the 13% return for the Zacks Computer - Software industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it ha ...

Have you evaluated the performance of Progress Software's (PRGS) international operations for the quarter ending August 2024? Given the extensive global presence of this business software maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Invest ...

Progress Software (PRGS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since ...

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 - ...

Group 1: Earnings Performance - Progress Software reported quarterly earnings of $1.26 per share, exceeding the Zacks Consensus Estimate of $1.14 per share, and up from $1.08 per share a year ago, representing an earnings surprise of 10.53% [1] - The company posted revenues of $178.69 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 1.67%, and an increase from $175.78 million year-over-year [2] - Over the last four quarters, Progress Software has consistently surpassed consensus EPS estimates [2] Group 2: Stock Performance and Outlook - Progress Software shares have increased approximately 4.8% since the beginning of the year, while the S&P 500 has gained 19.9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $1.29 on revenues of $194.5 million, and for the current fiscal year, it is $4.76 on revenues of $730.01 million [7] Group 3: Industry Context - The Computer - Software industry, to which Progress Software belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]