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

Progress Software (NASDAQ:PRGS) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. 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 Price Performance

PRGS stock opened at $57.26 on Thursday. Progress Software has a 52 week low of $48.00 and a 52 week high of $70.56. The firm has a market capitalization of $2.46 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 6.92 and a beta of 0.93. The company has a fifty day simple moving average of $66.22 and a two-hundred day simple moving average of $62.40. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.87.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PRGS shares. DA Davidson reiterated a “buy” rating and issued a $75.00 price target on shares of Progress Software in a research report on Tuesday. Jefferies Financial Group boosted their target price on Progress Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, January 6th. StockNews.com upgraded Progress Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $83.00 price objective on shares of Progress Software in a research note on Friday, January 17th. Finally, Oppenheimer increased their target price on shares of Progress Software from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Progress Software has an average rating of “Moderate Buy” and a consensus target price of $72.43.

About Progress Software

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.