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

Progress Software (NASDAQ:PRGS) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.74-1.910 for the period, compared to the consensus 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.

Progress Software Stock Performance

Shares of NASDAQ PRGS opened at $38.60 on Wednesday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 35.09, a PEG ratio of 1.76 and a beta of 0.61. Progress Software has a one year low of $38.54 and a one year high of $65.50. The business has a fifty day simple moving average of $42.26 and a 200 day simple moving average of $44.27. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.22.

Progress Software (NASDAQ:PRGS) last posted its quarterly earnings results on Tuesday, January 20th. The software maker reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $252.86 million. During the same quarter in the previous year, the company earned $1.33 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. 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 expect that Progress Software will post 4.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup decreased their price objective on Progress Software from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 16th. DA Davidson cut their target price on Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Jefferies Financial Group decreased their price target 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 Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen raised shares of Progress Software from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Progress Software currently has an average rating of “Moderate Buy” and a consensus price target of $65.40.

Trending Headlines about Progress Software

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

• Positive Sentiment: Q4 results showed solid revenue growth and an EPS beat, signaling execution and demand strength—helping drive the stock higher. Progress Software rises after quarterly beat, 2026 revenue guidance boosted by AI demand
• Positive Sentiment: Company raised FY‑26 revenue target toward $1B and tied the outlook to AI‑driven demand for its digital experience and infrastructure software—this forward guidance lifted investor expectations. Progress Software targets $1B revenue for FY 2026 as AI-driven demand fuels growth
• Neutral Sentiment: Management published the earnings deck and hosted a conference call to detail strategy and AI product traction; useful for longer‑term thesis but less likely to move price beyond the initial reaction. Progress Software Corp (PRGS) Q4 2025 Earnings Call Highlights
• Negative Sentiment: Some third‑party summaries noted differences in metric definitions and flagged that certain EPS/revenue estimates vary by source; Quiver highlighted a data set suggesting an EPS/revenue miss on a different basis—this can introduce short‑term uncertainty for traders. Progress Software (PRGS) Releases Q4 2025 Earnings: Revenue Growth but EPS Miss
• Negative Sentiment: Balance‑sheet/technical considerations: Progress carries meaningful leverage and its share price sits below the 50‑ and 200‑day moving averages, which may temper enthusiasm among risk‑averse investors. Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in Progress Software by 135.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $54,000 after acquiring an additional 604 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Progress Software by 16.9% during the first quarter. AQR Capital Management LLC now owns 42,587 shares of the software maker’s stock valued at $2,194,000 after purchasing an additional 6,147 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Progress Software by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,644 shares of the software maker’s stock valued at $1,321,000 after purchasing an additional 1,454 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Progress Software by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,943 shares of the software maker’s stock worth $28,894,000 after purchasing an additional 241,515 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Progress Software by 206.8% during the 1st quarter. Jane Street Group LLC now owns 111,326 shares of the software maker’s stock worth $5,734,000 after buying an additional 75,044 shares in the last quarter.

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.