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The latest announcement is out from Progress Software ( (PRGS) ).
On September 29, 2025, Progress Software announced its financial results for the third quarter of fiscal year 2025, ending August 31. The company reported a 40% year-over-year revenue increase to $250 million and a 47% rise in annualized recurring revenue to $849 million. Despite a decrease in GAAP diluted earnings per share by 32%, non-GAAP diluted earnings per share rose by 19%. The company highlighted the successful integration of ShareFile and ongoing investments in AI capabilities, contributing to strong operational performance. Progress also raised its full-year guidance for revenue, earnings per share, and cash flow, reflecting a positive outlook for the remainder of the fiscal year.
The most recent analyst rating on (PRGS) stock is a Buy with a $51.00 price target. To see the full list of analyst forecasts on Progress Software stock, see the PRGS Stock Forecast page.
Spark’s Take on PRGS Stock
According to Spark, TipRanks’ AI Analyst, PRGS is a Outperform.
Progress Software’s strong financial performance and positive earnings call sentiment are key strengths, supported by strategic corporate events. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation.
To see Spark’s full report on PRGS stock, click here.
More about Progress Software
Progress Software is a provider of AI-powered digital experience and infrastructure software.
Average Trading Volume: 1,028,585
Technical Sentiment Signal: Sell
Current Market Cap: $1.81B
See more insights into PRGS stock on TipRanks’ Stock Analysis page.