Progress Software (NASDAQ:PRGS) Updates Q1 2025 Earnings Guidance

Progress Software (NASDAQ:PRGS) updated its first quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.020-1.080 for the period, compared to the consensus EPS estimate of 1.410. The company issued revenue guidance of $232.0 million-$238.0 million, compared to the consensus revenue estimate of $235.8 million. Progress Software also updated its FY 2025 guidance to 5.000-5.120 EPS.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PRGS. Jefferies Financial Group lifted their price target on shares of Progress Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Oppenheimer lifted their target price on Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded Progress Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $75.00 price objective on shares of Progress Software in a research report on Tuesday. Finally, Citigroup boosted their price objective on Progress Software from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.43.

Progress Software Stock Performance

NASDAQ:PRGS opened at $57.26 on Thursday. The stock has a 50-day moving average price of $66.22 and a 200 day moving average price of $62.40. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.87. Progress Software has a 12-month low of $48.00 and a 12-month high of $70.56. The stock has a market capitalization of $2.46 billion, a P/E ratio of 36.71, a P/E/G ratio of 6.92 and a beta of 0.93.

Progress Software Company Profile

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers.