Progress Software Stock - background and business model snapshot
20.06.2026 - 22:47:09 | ad-hoc-news.de
Edited by ad hoc news Long-Term & Business-Model Desk. Verified prior to publication on 06/20/2026, 20:45 UTC. Details in the imprint.
Progress Software (US7433121008) runs through a quiet weekend with no fresh corporate filings or major analyst moves hitting the wires. Instead, the focus turns to its business model, product mix and upcoming catalysts based on the latest available investor materials.
Background and price data on Progress Software
Key figures, filings and historical disclosures help frame Progress Software stock beyond the day-to-day tape.
What recent filings show
Progress Software last reported detailed financials for its fiscal 2024 first quarter ended 02/29/2024, posting total revenue of $184 million, up around mid-single digits year-on-year, according to the company’s Form 10-Q filed with the SEC. SEC filing for Q1 2024
Net income attributable to shareholders came in near $21 million for the quarter, with diluted earnings per share in the mid-$0.40 range, while annual recurring revenue continued to be the central performance indicator highlighted by management in the filing.
Long-term strategy and revenue mix
Strategically, Progress Software positions itself as a provider of infrastructure software for developing, deploying and managing business applications, with a recurring-revenue profile anchored in maintenance and subscriptions. Investor presentation overview
The company pursues a disciplined acquisition strategy, targeting mature but mission-critical software assets, then integrating them into its platform and customer base while focusing on operating margin stability and predictable cash flows over a multi-year horizon.
How analysts frame Progress
Consensus data compiled by several financial portals suggest that Wall Street coverage remains relatively concentrated, with a modest number of analysts publishing 12-month price targets and most ratings clustering around Hold and Buy categories in mid-2024. MarketWatch consensus snapshot
Against this backdrop, investors often focus less on quarter-to-quarter surprises and more on the pace of bolt-on acquisitions, integration execution and the stability of maintenance renewal rates in the core installed base.
What the company sells
Progress Software makes money primarily from enterprise software products such as the Progress OpenEdge application development platform, which enables businesses to build and run transactional applications, alongside tools like Telerik and Sitefinity for UI, .NET and digital experience management.
Where the stock trades today
Progress Software stock (US7433121008) trades on the Nasdaq at around $50 per share as of 06/20/2026, 20:30 UTC.
Key facts on Progress Software stock
- Company: Progress Software Corp.
- ISIN: US7433121008
- WKN: 902919
- Ticker: PRGS
- Venue: Nasdaq
- Price (as of 06/20/2026, 20:30 UTC): 50.00 USD
- Market cap: 2,100,000,000 USD (as of 06/20/2026)
- Sector / Industry: Information Technology / Application Software
- Index membership: none of the major headline indices such as the S&P 500 or Nasdaq-100
- Next earnings date: not officially scheduled
This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.
