Progress Software Corporation (PRGS)

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

No competitor list for this company yet.

• 6/30/2026POSITIVE
  Progress Software Earnings Beat Estimates, Boosts Forecast

  Progress Software Corporation announced its latest earnings, surpassing analyst expectations and leading to an upward revision of its future financial forecasts. CEO Yogesh Gupta highlighted Artificial Intelligence (AI) as a significant growth catalyst, emphasizing the company's unique ability to aggregate data for AI applications. This capability reportedly reduces the token requirements for AI agents, thereby offering substantial cost savings to customers. The positive financial results and strategic positioning in the burgeoning AI market suggest strong future performance, making Progress Software an attractive prospect for investors seeking exposure to AI-driven growth.

• 3/31/2026NEGATIVE
  Progress Software Analysts Cut Their Forecasts After Q1 Results

  Progress Software (NASDAQ:PRGS) reported Q1 earnings that surpassed analyst expectations, alongside an upward revision to its FY2026 EPS and sales guidance. Despite these positive fundamental indicators, the company's stock experienced a notable decline of 6.6%. This divergence suggests that while the company's operational performance is strong, market sentiment or other unstated factors are weighing on the stock price. Investors should monitor future analyst actions and market commentary to understand the disconnect between reported results and stock performance.