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

Progress Software (NASDAQ:PRGS) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.020-1.080 for the period, compared to the consensus 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.

Progress Software Stock Performance

PRGS opened at $63.52 on Wednesday. The stock’s 50 day simple moving average is $66.44 and its 200-day simple moving average is $62.44. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.87. The stock has a market cap of $2.73 billion, a PE ratio of 33.97, a P/E/G ratio of 6.86 and a beta of 0.93. Progress Software has a 1 year low of $48.00 and a 1 year high of $70.56.

Analyst Ratings Changes

A number of equities analysts have recently commented on PRGS shares. Guggenheim reaffirmed a “buy” rating and set a $83.00 price objective on shares of Progress Software in a report on Friday, January 17th. StockNews.com raised Progress Software from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Citigroup increased their target price on Progress Software from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Oppenheimer increased their price objective on Progress Software from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group boosted their target price on shares of Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.71.

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.