$PRGS

SAP, Progress, and NetApp are acquiring companies to enhance their AI data infrastructure. SAP acquired Dremio for real-time analytics, Progress plans to buy Domo's AI assets for $400M, and NetApp acquired DataPelago for GPU-accelerated data processing. Gartner forecasts AI-optimized infrastructure spending to reach $42.3B in 2026, with inference spending at $23.3B. Data quality and availability are cited as major barriers to enterprise AI adoption.

Progress Software (PRGS) appointed Bridget Collins as CIO to lead AI and IT strategy. Collins, a former Progress engineer, will oversee global IT, cybersecurity, and AI adoption, reporting to CEO Yogesh Gupta. She brings 30+ years of experience, including roles at Rapid7 and Cerence. Collins will also evaluate emerging technologies and strengthen governance frameworks. The move supports Progress' growth strategy and acquisition integration efforts, according to the company.

DA Davidson raised its price target on Progress Software (NASDAQ:PRGS) to $55 from $45 and kept a Buy rating. The firm cited about 40% adjusted operating margins, 85.6% gross margin, stable low-single-digit ARR growth, and valuation based on 9x CY2026 EPS. It also referenced PRGS’s ShareFile acquisition and the planned $400M Domo asset purchase.

Progress Software (PRGS) introduced agentic AI tools in its Sitefinity Generative CMS, embedding AI agents into content workflows for analysis, optimization, review and page-level intelligence. The stock rose 13.15% over 1 month and 51% over 3 months. Simply Wall St cites fair value at $50.83 versus a $42.84 close, calling it undervalued.

Progress Software says its Chef enterprise management software will support NVIDIA DGX Spark deployments. The companies cite DGX Spark as a compact desktop for local AI model building and running. NVIDIA’s manageability framework covers procurement, provisioning, monitoring, maintenance, incident response and retirement, while Progress Chef adds governed orchestration and drift detection across fleets.

Professional Services Firms Lose $60K a Year to Inefficient Client Coordination, New Progress Software Report Finds Rhea-AI Summary Progress Software (Nasdaq: PRGS) released its State of Client Collaboration 2026 survey, finding that professional services firms incur a median annual cost of about $60,000 in nonbillable client coordination work.

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 6,763,272 shares of Progress Software Corp. common stock, or 16.5% of the outstanding shares. The filing says BlackRock has sole voting power over 6,689,301 shares and sole dispositive power over 6,763,272 shares.

Simply Wall St reports that Progress Software (PRGS) announced agentic AI capabilities for its Sitefinity Generative CMS on 28 July 2026, adding custom AI agents, page-level intelligence and a DX Assistant into content workflows. The article says this supports Progress’s AI product push, while near-term focus remains M&A execution and cloud transition risk, with analysts citing revenue near $1.0B and earnings near $71.2M.

Progress Software (Nasdaq: PRGS) announced new AI agent capabilities in its Sitefinity Generative CMS, designed to run within content workflows to optimize, review and analyze content, provide page-level intelligence, handle conflicting agent recommendations, and offer a natural-language DX assistant. The company said the updates aim to reduce manual effort and content bottlenecks. Abu Dhabi University cited its Sitefinity acquisition.

Progress Software (PRGS) shares rose about 4.6% mid-day after the company said it is integrating agentic AI capabilities into its Sitefinity Generative CMS, with agents performing tasks within publishing workflows. The move follows a roughly $400 million deal to acquire Domo’s assets and an analyst price target raise to $45 from $40 by DA Davidson. Market indexes were mixed.