Progress Software (PRGS) News Today

Progress Software Corporation (NASDAQ: PRGS) shares have pulled back today despite strong earnings results and analyst upgrades. The stock is under pressure from technical sell signals and profit-taking after recent gains.

• Positive Sentiment: Q2 2025 earnings topped expectations, with EPS of $1.40 versus the $1.30 consensus Q2 2025 Earnings Call Transcript
• Positive Sentiment: DA Davidson raised its FY2025 EPS estimate to $4.24 (from $4.08) and reiterated a “Buy” rating with a $75 price target FY2025 EPS Estimate Boosted
• Positive Sentiment: Wedbush lifted its FY2025 EPS forecast to $4.22 (from $4.21) and maintained an “Outperform” rating with a $75 target FY2025 EPS Forecast Raised
• Neutral Sentiment: DA Davidson projected Q3 2025 EPS of $1.01 and kept its “Buy” rating and $75 target Q3 2025 EPS Forecast
• Negative Sentiment: Shares fell into oversold territory, signaling short-term bearish momentum Progress Software Becomes Oversold
• Negative Sentiment: The stock broke below its 200-day moving average, a key technical support level Breaks Below 200-Day Moving Average
• Negative Sentiment: Shares tumbled despite the earnings beat, reflecting profit-taking Stock Tumbles Despite Earnings
• Negative Sentiment: The stock dropped over 13% after its Q2 results, ending a three-day rally Slashes 13% After Earnings
• Negative Sentiment: Insider director Sundar Subramanian sold shares, adding to cautious sentiment Insider Sell: Sundar Subramanian