Progress Announces Third Quarter 2024 Financial Results

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Go back to Progress Announces Third Quarter 2024 Financial Results

Progress Software (PRGS) PT Raised to $65 at Citi

September 26, 2024 12:45 PM EDT

Citi analyst Tyler Radke raised the price target on Progress Software (NASDAQ: PRGS) to $65.00 (from $60.00) while maintaining a Neutral rating.

The analyst comments "~2% YoY revenue growth surmounted ~flat YoY expectations (powered by License), underscored by steady, portfolio-wide demand, despite NRR stuck at ~99%... More

Progress Software (PRGS) PT Raised to $70 at DA Davidson

September 25, 2024 5:56 AM EDT

DA Davidson analyst Lucky Schreiner raised the price target on Progress Software (NASDAQ: PRGS) to $70.00 (from $65.00) while maintaining a Buy rating.

The analyst comments "Progress delivered another good quarter highlighted by its recent announcement to acquire ShareFile. Since initiating on PRGS, we... More

Progress Software Corporation (PRGS) Tops Q3 EPS by 12c, Offers Guidance

September 24, 2024 4:17 PM EDT

Progress Software Corporation (NASDAQ: PRGS) reported Q3 EPS of $1.26, $0.12 better than the analyst estimate of $1.14. Revenue for the quarter came in at $179 million versus the consensus estimate of $176.1 million.

GUIDANCE:

Progress Software Corporation sees FY2024 EPS of $4.75-$4.85, versus the consensus... More