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

Progress Software (NASDAQ:PRGS - Get Free Report) 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.

Progress Software Stock Up 0.2 %

Progress Software stock traded up $0.12 during midday trading on Monday, reaching $51.51. The company's stock had a trading volume of 1,278,906 shares, compared to its average volume of 534,481. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $2.23 billion, a P/E ratio of 33.02, a PEG ratio of 2.82 and a beta of 0.88. The stock's 50-day simple moving average is $56.06 and its 200-day simple moving average is $62.12. Progress Software has a 52-week low of $48.00 and a 52-week high of $70.56.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup upped their price target on shares of Progress Software from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. StockNews.com lowered Progress Software from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 23rd. DA Davidson reiterated a "buy" rating and set a $75.00 price target on shares of Progress Software in a research note on Tuesday, January 21st. Guggenheim reaffirmed a "buy" rating and set a $83.00 target price on shares of Progress Software in a report on Friday, January 17th. Finally, Jefferies Financial Group increased their price target on shares of Progress Software from $65.00 to $70.00 and gave the stock a "hold" rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $74.00.

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Insider Transactions at Progress Software

In other news, CAO Domenic Lococo sold 1,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.24, for a total transaction of $56,240.00. Following the sale, the chief accounting officer now directly owns 4,303 shares in the company, valued at $242,000.72. This trade represents a 18.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anthony Folger sold 15,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $56.30, for a total value of $844,500.00. Following the completion of the transaction, the chief financial officer now directly owns 44,564 shares of the company's stock, valued at $2,508,953.20. The trade was a 25.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,482 shares of company stock valued at $984,621 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

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.

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