Progress Software (NASDAQ:PRGS) Releases FY 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.74-1.910 for the period, compared to the consensus earnings per share estimate of 5.150. The company issued revenue guidance of $986.0 million-$1.0 billion, compared to the consensus revenue estimate of $986.6 million. Progress Software also updated its Q1 2026 guidance to 1.56-1.62 EPS.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PRGS shares. Jefferies Financial Group decreased their target price on 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 cut shares of Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. DA Davidson dropped their price target on shares of Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Citigroup decreased their price target on shares of Progress Software from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wall Street Zen raised Progress Software from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.40.

Progress Software Stock Performance

Shares of PRGS stock traded down $1.49 during mid-day trading on Tuesday, hitting $38.60. The stock had a trading volume of 952,724 shares, compared to its average volume of 644,868. Progress Software has a fifty-two week low of $38.54 and a fifty-two week high of $65.50. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.44 and a quick ratio of 0.44. The company’s 50-day simple moving average is $42.35 and its 200-day simple moving average is $44.38. The firm has a market cap of $1.66 billion, a PE ratio of 35.09, a PEG ratio of 1.76 and a beta of 0.61.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results 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. Progress Software had a net margin of 5.16% and a return on equity of 43.68%. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.86 million. 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. Sell-side analysts anticipate that Progress Software will post 4.01 earnings per share for the current year.

Trending Headlines about Progress Software

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

• Positive Sentiment: Company issued Q1 FY26 EPS guidance of $1.56–$1.62, above consensus (about $1.30), signaling stronger near-term profit expectations that underpinned upbeat analyst commentary. Progress Software Stock Climbs After Mixed Q4 Results, Strong FY26 Guidance
• Positive Sentiment: Full-year FY26 revenue guide of $986M–$1.0B is roughly in line with street expectations, giving investors revenue visibility for the year. Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results
• Neutral Sentiment: Q4 revenue came in around $252.7–$253.0M (≈+17.5% YoY), essentially in line with estimates, and operating cash flow improved materially — a sign of improving business fundamentals. Progress Software Releases Q4 2025 Earnings: Revenue Growth but EPS Miss
• Neutral Sentiment: Headline EPS reporting is inconsistent across outlets (company/adjusted vs some third‑party figures), which likely generated investor confusion about the magnitude of the earnings beat/miss. Progress Q4 Press Release / Slide Deck
• Negative Sentiment: Balance-sheet and liquidity metrics may concern investors: low quick/current ratios (~0.44) and relatively high leverage (debt/equity ~2.22) increase sensitivity to execution risks and could limit investor enthusiasm despite revenue growth. MarketBeat PRGS Snapshot
• Negative Sentiment: Some outlets flagged an EPS miss on certain GAAP figures, and that mixed/messy headline may have trimmed upside even though underlying margins and cash flow improved. Progress Software Reports Fiscal Fourth Quarter and Full Year 2025 Financial Results

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PRGS. CIBC Bancorp USA Inc. acquired a new stake in Progress Software during the third quarter worth about $201,000. Danske Bank A S purchased a new stake in shares of Progress Software during the 3rd quarter worth about $335,000. CANADA LIFE ASSURANCE Co increased its position in Progress Software by 1.3% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 48,215 shares of the software maker’s stock worth $2,055,000 after purchasing an additional 601 shares in the last quarter. Woodline Partners LP raised its holdings in Progress Software by 25.6% in the third quarter. Woodline Partners LP now owns 202,602 shares of the software maker’s stock valued at $8,900,000 after buying an additional 41,282 shares during the period. Finally, Dark Forest Capital Management LP acquired a new position in Progress Software during the third quarter valued at approximately $3,055,000.

About Progress Software

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.