Progress Software (NASDAQ:PRGS) Updates Q2 2025 Earnings Guidance

Progress Software (NASDAQ:PRGS) updated its second quarter 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.280-1.340 for the period, compared to the consensus estimate of 1.170. The company issued revenue guidance of $235.0 million-$241.0 million, compared to the consensus revenue estimate of $233.8 million. Progress Software also updated its FY 2025 guidance to 5.250-5.370 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup increased their price target on shares of Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Jefferies Financial Group increased their target price on Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. DA Davidson reissued a “buy” rating and set a $75.00 price target on shares of Progress Software in a research report on Tuesday, January 21st. StockNews.com downgraded Progress Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $75.00 target price on shares of Progress Software in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.17.

Progress Software Stock Performance

Progress Software stock opened at $57.76 on Wednesday. The firm has a market capitalization of $2.49 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.82 and a beta of 0.88. Progress Software has a one year low of $48.00 and a one year high of $70.56. The stock’s 50 day moving average price is $55.72 and its 200 day moving average price is $62.08. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.81 and a current ratio of 0.81.

Progress Software (NASDAQ:PRGS) last posted its earnings results on Monday, March 31st. The software maker reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.27. The business had revenue of $238.02 million for the quarter, compared to analysts’ expectations of $235.64 million. Progress Software had a net margin of 9.08% and a return on equity of 41.56%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, sell-side analysts expect that Progress Software will post 4.01 EPS for the current fiscal year.

Insider Activity

In other news, insider Ian Pitt sold 1,482 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $56.60, for a total transaction of $83,881.20. Following the completion of the transaction, the insider now directly owns 7,613 shares in the company, valued at approximately $430,895.80. This represents a 16.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Domenic Lococo sold 1,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $56.24, for a total transaction of $56,240.00. Following the completion of the sale, the chief accounting officer now directly owns 4,303 shares in the company, valued at $242,000.72. This represents a 18.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,482 shares of company stock worth $984,621 over the last ninety days. Corporate insiders own 3.40% of the company’s stock.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.