Progress Announces Second Quarter 2024 Financial Results

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DA Davidson Reiterates Buy Rating on Progress Software (PRGS)

June 26, 2024 5:17 AM EDT

DA Davidson analyst Lucky Schreiner reiterated a Buy rating and $65.00 price target on Progress Software (NASDAQ: PRGS).

The analyst comments "Progress Software reported a solid quarter highlighted by healthy net new ARR and a slight increase in NRR. Progress noted multiple... More

Progress Software Corporation (PRGS) Tops Q2 EPS by 13c; Lifts FY Outook

June 25, 2024 4:21 PM EDT

Progress Software Corporation (NASDAQ: PRGS) reported Q2 EPS of $1.08, $0.13 better than the analyst estimate of $0.95. Revenue for the quarter came in at $175 million versus the consensus estimate of $168.42 million.

GUIDANCE:

Progress Software Corporation sees Q3 2024 EPS of $1.11-$1.15, versus the consensus... More