Explore Progress Software's (PRGS) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Investors interested in stocks from the Computer - Software sector have probably already heard of Progress Software (PRGS) and Cadence Design Systems (CDNS). But which of these two stocks offers value investors a better bang for their buck right now?
The average of price targets set by Wall Street analysts indicates a potential upside of 26.8% in Progress Software (PRGS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Progress Software raises its full-year outlook after a broad Q2 beat, framing AI demand as support for its data, workflow and infrastructure platforms.
Progress Software trades at single-digit P/E multiples after a ~20% YTD share price decline. PRGS operates more like a private equity collection than a traditional R&D-driven SaaS business. Despite sector weakness, PRGS improved net retention rates, reducing near-term AI disruption risk.
Progress Software Corporation (PRGS) Q2 2026 Earnings Call Transcript
Progress Software (PRGS) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.4 per share a year ago.
Progress Software (PRGS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Investors looking for stocks in the Computer - Software sector might want to consider either Progress Software (PRGS) or Synopsys (SNPS). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Progress Software Corporation (PRGS) Discusses High-Performance Multi-Database Connectivity and WinSQL Features Transcript