Progress Software (NASDAQ:PRGS) Updates Q1 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.56-1.62 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of $244.0 million-$250.0 million, compared to the consensus revenue estimate of $243.6 million. Progress Software also updated its FY 2026 guidance to 1.74-1.910 EPS.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Progress Software from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group reduced their price objective on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, January 5th. Weiss Ratings downgraded shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. DA Davidson reduced their price target on shares of Progress Software from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Citigroup reissued a “buy” rating on shares of Progress Software in a report on Thursday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

Progress Software Stock Performance

Shares of PRGS stock opened at $42.70 on Thursday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.44 and a current ratio of 0.44. Progress Software has a 52 week low of $38.54 and a 52 week high of $65.50. The company’s 50 day moving average price is $42.25 and its two-hundred day moving average price is $44.26. The company has a market capitalization of $1.83 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.70 and a beta of 0.61.

Progress Software (NASDAQ:PRGS) last issued its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.20. The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.86 million. Progress Software had a net margin of 7.48% and a return on equity of 44.49%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. On average, analysts expect that Progress Software will post 4.01 earnings per share for the current fiscal year.

Key Progress Software News

Here are the key news stories impacting Progress Software this week:

• Positive Sentiment: Q4 beat and strong top-line growth — Progress reported Q4 EPS of $1.51 (vs. $1.31 consensus) and revenue up ~17.5% year?over?year, signaling healthy demand and margin expansion. This drove initial upside in shares. PRGS Q4 Earnings Beat
• Positive Sentiment: Raised FY?2026 and Q1 guidance backed by AI demand — Management set FY26 revenue near $986M–$1.0B and EPS guidance above prior estimates, citing strong enterprise demand for AI-enabled application tools. That outlook is the primary catalyst for the rally. Press Release: FY26 Guidance
• Positive Sentiment: Earnings call emphasized profitable ARR buildup and execution — Management and analysts on the call highlighted ARR growth, improved cash generation and strategic positioning in the AI application stack, supporting the bullish narrative. Earnings Call Highlights
• Neutral Sentiment: Options flow and investor attention spiked — Unusual options activity suggests speculative/hedged positioning around the post?earnings move; could amplify intraday volatility without changing fundamentals. Options Activity Analysis
• Neutral Sentiment: Valuation re-checks underway — Coverage pieces are revisiting PRGS’s valuation after the run; higher expectations mean the stock is more sensitive to execution misses going forward. Valuation Check
• Negative Sentiment: Some data-provider discrepancies and lingering metric risks — Third?party summaries noted differences in reported EPS figures and flagged that certain EPS measures missed other estimates; plus leverage and low liquidity ratios remain longer?term considerations for risk?aware investors. Quiver: Mixed Results

Institutional Investors Weigh In On Progress Software

Institutional investors have recently bought and sold shares of the company. Danske Bank A S bought a new stake in Progress Software during the third quarter worth about $335,000. Two Sigma Securities LLC bought a new stake in Progress Software during the second quarter worth $334,000. Boothbay Fund Management LLC acquired a new stake in Progress Software in the third quarter valued at $331,000. Caxton Associates LLP bought a new position in shares of Progress Software in the 2nd quarter valued at about $311,000. Finally, Virtu Financial LLC increased its stake in shares of Progress Software by 95.8% during the 3rd quarter. Virtu Financial LLC now owns 6,442 shares of the software maker’s stock worth $283,000 after purchasing an additional 3,152 shares during the last quarter.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.