PROGRESS SOFTWARE CORP /MA
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Progress Software Corp (PRGS) CFO Anthony Folger sold 3,067 shares on 2026-10-16, per SEC filing. He now owns 49,984 shares. Over the past year, Folger sold 15,541 shares and made no purchases. The company's market cap is $1.77B, with a P/E ratio of 19.92, below industry and historical medians. GuruFocus values the stock at $77.59, suggesting a potential value trap. Insiders and gurus have been net sellers.
Progress Software (PRGS) launched ShareFile Enterprise, a new offering for large organizations to scale document collaboration with enhanced governance and security features. The platform includes automated access, data loss prevention, and AI-driven threat detection to reduce administrative burden and strengthen security. ShareFile Enterprise will be available with additional features in October 2026, according to the company.
Progress Software (PRGS) reported Q3 2026 revenue of $246M, down 2%, but earnings per share rose 13% to $1.69 due to cost cuts. The company closed its largest acquisition, Domo, for $400M, expecting it to add over $100M in annual EBITDA. Debt increased to $1.24B, and net leverage is around 2.7x. PRGS trades at a forward P/E of 6.47, reflecting market skepticism about growth and integration risks.
Over the past 7 days, AlphAI's AI scored 2 news stories mentioning PRGS (PROGRESS SOFTWARE CORP /MA). Coverage has been balanced: 1 bullish, 0 neutral, and 1 bearish.
Recent PRGS coverage spans earnings, technology and financial news.
In the last 30 days, PRGS insiders filed 4 SEC Form 4 transactions — no purchases and 4 sales ($261K). The most active reporter was FOLGER ANTHONY, Chief Financial Officer, with 2 filings. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
Insider sell may signal lack of confidence, prompting short-term price weakness.
The new product adds advanced security and governance features, potentially expanding PRGS's addressable market.
Earnings beat on EPS but revenue miss and integration risk from the Domo deal could pressure the stock.
Earnings beat and upgraded target suggest upside.
Revenue shortfall fuels sell‑off.
AlphAI scores every news story that mentions PRGS with an AI model for sentiment and relevance, and aggregates insider trades from PROGRESS SOFTWARE CORP /MA's SEC EDGAR Form 4 filings. Figures refresh continuously.
Progress Software Corp (PRGS) CFO Anthony Folger sold 3,067 shares on 2026-10-16, per SEC filing. He now owns 49,984 shares. Over the past year, Folger sold 15,541 shares and made no purchases. The company's market cap is $1.77B, with a P/E ratio of 19.92, below industry and historical medians. GuruFocus values the stock at $77.59, suggesting a potential value trap. Insiders and gurus have been net sellers.
2 min readProgress Software (PRGS) launched ShareFile Enterprise, a new offering for large organizations to scale document collaboration with enhanced governance and security features. The platform includes automated access, data loss prevention, and AI-driven threat detection to reduce administrative burden and strengthen security. ShareFile Enterprise will be available with additional features in October 2026, according to the company.
2 min readProgress Software (PRGS) reported Q3 2026 revenue of $246M, down 2%, but earnings per share rose 13% to $1.69 due to cost cuts. The company closed its largest acquisition, Domo, for $400M, expecting it to add over $100M in annual EBITDA. Debt increased to $1.24B, and net leverage is around 2.7x. PRGS trades at a forward P/E of 6.47, reflecting market skepticism about growth and integration risks.
3 min readDA Davidson maintained a Buy rating and $55 price target for Progress Software (PRGS). The company's Q3 2026 results showed revenue in line with guidance and strong profitability, with non-GAAP operating margins at 43%. Earnings beat estimates at $1.69 per share, though revenue was slightly below forecasts. The firm highlighted DOMO's contribution and long-term growth prospects.
2 min readAccenture's (ACN) shares rose 15.8% after beating Q4 earnings estimates. Acuity (AYI) fell 3.4% missing revenue estimates. McKesson (MCK) gained 5.3% after reaffirming fiscal 2027 EPS guidance. Progress Software (PRGS) dropped 8.5% after missing Q3 revenue estimates.
2 min readProgress Software (PRGS) shares fell 8.5% after Q3 results showed revenue decline but strong profitability. Revenue was $246M (down from $249.8M YoY), while net income rose 17% to $22.8M. Operating margin improved to 43% (up 300 bps YoY). Bulls highlight high margins and AI focus, while bears point to slow organic growth and debt concerns.
2 min readProgress Software (PRGS) introduced new features for its Agentic RAG platform, including a Microsoft Teams app, a Smart Agent with MCP support, and a WordPress plugin. The updates aim to enhance enterprise AI infrastructure and workflow integration, according to the company.
1 min readJabil (JBL) expects $44.5B in fiscal 2027 revenue. FactSet (FDS) forecasts $2.6B-$2.625B for the same period. Conagra (CAG) projects fiscal 2026 adjusted EPS of $1.40-$1.50, while Progress Software (PRGS) anticipates about $0.02 for fiscal Q4 2026. No companies adjusted prior guidance.
2 min readMicron reported record Q4 revenue of $54.23B, beating estimates, and raised FY2027 guidance. Alphabet introduced Gemini 4 Argon AI model. The Generation Essentials Group's stock surged 86.75% after reporting earnings. Robinhood announced extended trading hours and AI tools. Progress Software raised FY2026 revenue guidance after acquiring Domo's AI business.
3 min readProgress (PRGS) reported Q3 EPS of $1.69, beating estimates by $0.17, but revenue of $246.01M missed expectations. Shares are up 4.03% over 3 months, down 11.61% yearly. Analysts revised EPS positively 5 times in 90 days. InvestingPro rates its financial health as 'good performance.'
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