Core Viewpoint - Progress Software (NASDAQ:PRGS) is identified as one of the small-cap software infrastructure stocks with significant upside potential, with analysts maintaining positive ratings despite some price target adjustments [1][4]. Analyst Ratings and Price Targets - Citi analyst Fatima Boolani raised the price target for Progress Software from $54 to $60, maintaining a Buy rating, indicating over 71% upside potential [1][3]. - DA Davidson analyst Lucky Schreiner reduced the price target from $75 to $70 but still maintains a Buy rating, suggesting an impressive upside of almost 100% [4]. Company Performance and Market Position - The company reported strong earnings and cash flows in its fourth-quarter announcement, which contributed to the positive outlook from analysts [3]. - A sales check conducted by Schreiner revealed that customers view Progress Software's products as mission-critical, showing limited interest in alternatives despite concerns about AI disruption [5]. Product Portfolio and Services - Progress Software offers a range of products for developing and managing AI-enabled applications, including OpenEdge, Chef, Agentic RAG, MOVEit, Automate MFT, and Sitefinity, catering to project management, software development, and training needs [6]. Market Sentiment and Future Outlook - Despite trading at historically low valuation multiples, analysts see potential M&A opportunities as positive catalysts for the stock [5].

Core Viewpoint - Progress Software Corporation (NASDAQ:PRGS) is identified as a promising small-cap stock with potential for significant growth by 2026, supported by positive analyst ratings and recent earnings performance [1]. Financial Performance - The company reported a revenue growth of 17.54% year-over-year, reaching $252.67 million, although it fell short of expectations by $194,700 [2]. - Earnings per share (EPS) were $1.51, exceeding consensus estimates by $0.20 [2]. - The annual recurring revenue (ARR) reached $852 million, reflecting a 2% increase year-over-year [2]. Analyst Insights - Analysts from D.A. Davidson highlighted the company's strong annual recurring revenue and SaaS revenue, indicating a favorable outlook as customers increasingly adopt new AI capabilities [3]. - Citi's Fatima Boolani raised the price target for the stock from $54 to $60, maintaining a Buy rating, while D.A. Davidson set a price target of $70 with a Buy rating as well [1].

Company Overview - Progress Software Corporation specializes in software products for the development, deployment, and management of AI-powered applications and digital experiences, with a diverse product portfolio including Chef, Corticon, Data Direct, and more [7] Options Trading Activity - Recent options trading activity has identified over 9 transactions on Progress Software, with a cumulative value of $766,228, including 2 puts valued at $203,320 [1] - Significant investors are targeting a price range of $42.5 to $50.0 for Progress Software over the past three months [2] - The mean open interest for options trades today is 572, with a total volume of 5,484 [3] Options Trade Details - Notable options trades include bullish sweeps for calls and puts, with the largest call trade at a strike price of $47.50 totaling $165,000 and a put trade at $50.00 totaling $151,700 [6] Market Position and Analyst Insights - Progress Software's stock price is currently at $45.15, reflecting a 16.96% increase, with upcoming earnings expected in 68 days [9] - Analysts have provided an average target price of $56.33, with individual targets ranging from $45 to $70 [8][9]

Progress Financial Results Q4 2025 Supplemental Information January 20, 2026 Forward Looking Statements This presentation contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like "believe," "may," "could," "would," "might," "should," "expect," "intend," "plan," "target," "anticipate" ...

Core Insights - Paradice Investment Management LLC has completely exited its position in Progress Software Corporation, selling all 238,145 shares for an estimated value of $15.20 million, which previously represented 3.1% of its reportable assets as of September 30, 2025 [1][2][7] - Following this sale, Progress Software now accounts for 0% of Paradice's 13F assets under management [2] Company Overview - Progress Software Corporation specializes in enterprise application development, automation, and infrastructure management solutions, leveraging a diversified software portfolio to meet complex business needs across various industries and geographies [6] - The company reported a market capitalization of $1.97 billion, with a revenue of $940.13 million and a net income of $48.53 million for the trailing twelve months [3] Financial Performance - Progress Software experienced a significant growth in annualized recurring revenue, which increased by 47% year over year during its fiscal third quarter ending August 31, 2025 [9] - The management raised its full-year revenue guidance to a range of $975 million to $981 million following a better-than-expected fiscal third quarter [9] Product and Service Offerings - The company offers a range of software solutions, including OpenEdge for application development, Sitefinity for web content management, DataDirect Connect for data connectivity, MOVEit for secure file transfer, and Chef for infrastructure automation [4][6] - Progress Software serves a diverse customer base, including end users, independent software vendors, original equipment manufacturers, and system integrators across multiple regions, including North America, EMEA, Asia Pacific, and Latin America [4][5]

Core Insights - A notorious ransomware group, allegedly linked to Cl0p, is extorting large organizations by claiming to have stolen data from Oracle's E-Business Suite applications [1][2][4] Group Activities - The extortion emails began circulating on or before September 29, sent from hundreds of compromised third-party accounts, claiming data theft [2][4] - The emails exhibit poor English and grammar, typical of the group, and include contact details listed on Cl0p's website [3][4] Company Impact - Oracle's E-Business Suite is critical for core business operations, including financial, supply chain, and customer relationship management [2] - Cl0p has a history of targeting large companies with sophisticated malware, previously exploiting vulnerabilities in MOVEit, affecting hundreds of organizations [5] Cybersecurity Context - In June 2023, the US Cybersecurity and Infrastructure Security Agency labeled Cl0p as one of the largest phishing and malspam distributors, estimating over 3,000 organizations compromised in the US and 8,000 globally [6]

Core Insights - A notorious ransomware group, allegedly linked to Cl0p, is extorting large organizations by claiming to have stolen data through Oracle's E-Business Suite applications [1][2] Group Activities - The extortion emails began circulating on or before September 29, sent from numerous compromised third-party accounts, asserting data theft [2] - The emails exhibit poor English and grammar, typical of the group, and include contact details associated with Cl0p [3] Company Impact - Google has not yet verified the claims made in the extortion demands, and the specific targets of the extortion letters remain undisclosed [4] - Cl0p has a history of targeting large companies with sophisticated malware, previously exploiting vulnerabilities in MOVEit, affecting hundreds of organizations [5] Cybersecurity Landscape - In June 2023, the US Cybersecurity and Infrastructure Security Agency issued a warning about Cl0p, identifying it as a major distributor of phishing and malspam, with over 3,000 organizations compromised in the US and 8,000 globally [6]