Progress Software (NASDAQ:PRGS) Updates Q1 2026 Earnings Guidance

Progress Software (NASDAQ:PRGS) issued an update on its first quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.56-1.62 for the period, compared to the consensus EPS estimate of 1.300. The company issued revenue guidance of $244.0 million-$250.0 million, compared to the consensus revenue estimate of $243.6 million. Progress Software also updated its FY 2026 guidance to 1.74-1.910 EPS.

Progress Software Stock Performance

NASDAQ PRGS opened at $38.60 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $1.66 billion, a P/E ratio of 35.09, a P/E/G ratio of 1.76 and a beta of 0.61. The stock has a 50-day moving average of $42.26 and a two-hundred day moving average of $44.27. Progress Software has a 1-year low of $38.54 and a 1-year high of $65.50.

Progress Software (NASDAQ:PRGS) last announced its quarterly earnings data on Tuesday, January 20th. The software maker reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.20. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.86 million. Progress Software had a net margin of 5.16% and a return on equity of 43.68%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. Progress Software has set its FY 2026 guidance at 1.74-1.910 EPS and its Q1 2026 guidance at 1.56-1.62 EPS. As a group, analysts anticipate that Progress Software will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

PRGS has been the topic of several analyst reports. Wall Street Zen upgraded Progress Software from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings cut Progress Software from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. DA Davidson lowered their price objective on Progress Software from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Citigroup reduced their target price on shares of Progress Software from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Jefferies Financial Group decreased their price target on shares of Progress Software from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, January 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Progress Software currently has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Key Progress Software News

Here are the key news stories impacting Progress Software this week:

• Positive Sentiment: Q4 results showed solid revenue growth and an EPS beat, signaling execution and demand strength—helping drive the stock higher. Progress Software rises after quarterly beat, 2026 revenue guidance boosted by AI demand
• Positive Sentiment: Company raised FY‑26 revenue target toward $1B and tied the outlook to AI‑driven demand for its digital experience and infrastructure software—this forward guidance lifted investor expectations. Progress Software targets $1B revenue for FY 2026 as AI-driven demand fuels growth
• Neutral Sentiment: Management published the earnings deck and hosted a conference call to detail strategy and AI product traction; useful for longer‑term thesis but less likely to move price beyond the initial reaction. Progress Software Corp (PRGS) Q4 2025 Earnings Call Highlights
• Negative Sentiment: Some third‑party summaries noted differences in metric definitions and flagged that certain EPS/revenue estimates vary by source; Quiver highlighted a data set suggesting an EPS/revenue miss on a different basis—this can introduce short‑term uncertainty for traders. Progress Software (PRGS) Releases Q4 2025 Earnings: Revenue Growth but EPS Miss
• Negative Sentiment: Balance‑sheet/technical considerations: Progress carries meaningful leverage and its share price sits below the 50‑ and 200‑day moving averages, which may temper enthusiasm among risk‑averse investors. Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results

Institutional Trading of Progress Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Progress Software during the 3rd quarter worth approximately $201,000. Danske Bank A S purchased a new stake in Progress Software in the third quarter valued at $335,000. CANADA LIFE ASSURANCE Co boosted its stake in Progress Software by 1.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 48,215 shares of the software maker’s stock valued at $2,055,000 after acquiring an additional 601 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Progress Software by 25.6% during the third quarter. Woodline Partners LP now owns 202,602 shares of the software maker’s stock worth $8,900,000 after purchasing an additional 41,282 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Progress Software during the third quarter worth about $3,055,000.

Progress Software Company Profile

Progress Software (NASDAQ: PRGS) is a global provider of enterprise software designed to simplify and accelerate the delivery of business applications. The company’s offerings span digital experience management, application development and deployment, data connectivity and integration, and predictive analytics. Progress supports organizations in building, deploying, and managing mission-critical applications across on-premises, cloud and hybrid environments, helping to reduce development complexity and operational overhead.

Key products in Progress’s portfolio include Progress OpenEdge, a robust development and database platform for building transactional applications; Progress DataDirect, which enables high-performance connectivity to disparate data sources; Progress Sitefinity, a digital experience platform for content management and personalization; Progress Telerik, a suite of UI controls and developer tools; and Progress Kinvey, a serverless backend platform for mobile and web applications.