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Progress Software Corp (DE) - PRGS STOCK NEWS

Welcome to our dedicated page for Progress Software (DE) news (Ticker: PRGS), a resource for investors and traders seeking the latest updates and insights on Progress Software (DE) stock.

Progress Software Corporation (Nasdaq: PRGS) is a global leader in providing software solutions that simplify the development, deployment, and management of business applications. Headquartered in Bedford, MA, the company offers a comprehensive suite of products designed to operate on-premise, in the cloud, on any platform, and on any device with minimal IT complexity and low total cost of ownership.

Progress' flagship product, OpenEdge, powers applications for over 400,000 end-user customers globally and more than 1,400 ISVs (Independent Software Vendors). The company also offers a variety of other robust products, including Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, and Corticon. These tools are designed to enhance application development, business continuity, data connectivity, network performance, and IT infrastructure management.

Progress derives revenue through perpetual licenses, term licensing models, and subscription-based models for its cloud-based offerings. The majority of its revenue comes from the United States, with significant additional revenue streams from Canada, EMEA (Europe, Middle East, and Africa), Latin America, and the Asia Pacific region.

Recent Achievements and Partnerships:

  • In March 2024, Progress announced a strategic partnership with Veeam® Software to provide enterprise-ready cybersecurity solutions, combining Progress' Flowmon® Anomaly Detection System (ADS) with Veeam’s Data Protection and Ransomware Recovery capabilities.
  • Flowmon ADS was recognized as a Technology Leader in the 2023 SPARK Matrix™: Network Detection and Response (NDR) report and won gold in the 2023 Globee® Cybersecurity Awards.
  • In May 2024, Progress released the latest versions of Progress® Telerik® and Progress® Kendo UI®, enhancing AI integration, design-to-code productivity, and accessibility features across its .NET and JavaScript UI libraries.

Progress' continued innovation and strategic alliances underline its commitment to providing top-tier solutions that address modern IT challenges. Over 4 million developers and technologists across hundreds of thousands of enterprises depend on Progress to enhance their technology landscapes and drive business success.

News

Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management

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Progress (Nasdaq: PRGS) Semaphore™ Named Leader in 2023 Metadata Management Data Quadrant by SoftwareReviews
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Progress Recognized as a 2023 Gartner® Peer Insights™ Customers’ Choice for Digital Experience Platforms

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Progress (PRGS) recognized as a 2023 Gartner Peer Insights Customers' Choice for Digital Experience Platforms (DXP), distinguishing itself as the only vendor to receive the award for Midsize Enterprise companies. Progress DX portfolio, including Sitefinity, provides organizations with the ability to rapidly build and deliver expansive digital experiences across various channels, driving customer acquisition, retention, and competitive success. 89% of customers recommend Progress DX across product capabilities, sales, deployment, and support experience, based on over 75 reviews as of June 30, 2023.
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Progress Accelerates Digital Modernization Using Generative AI and Enhanced Data Connectivity with Latest Release of Sitefinity

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Progress announces the availability of Progress Sitefinity 15, which includes new generative AI support and enhanced data connectivity for marketers. The release enables marketers to create personalized content at scale and eliminate marketing data silos. Progress helps marketers accelerate content creation using GenAI capabilities and offers a new no-code data integration platform. Sitefinity 15 allows organizations to leverage generative AI to scale content production, automate workflows, and deliver personalized experiences.
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Sensing Clues Saves Wildlife Using Geospatial Intelligence with Progress

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Dutch nonprofit Sensing Clues leveraged Progress MarkLogic Data Hub to prevent illegal animal poaching by creating a 360-degree view of protected nature areas. In 2022, they supported over 320 rangers and protected 3,211,000 hectares of nature. The solution provides real-time alerts and risk maps to rangers, enabling them to act fast and save animals' lives.
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Progress Enables Application Developers to Easily Meet UI Design Requirements and Accessibility Standards with New Release

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Progress announces the R3 2023 release of Progress Telerik and Progress Kendo UI, offering new components for .NET MAUI, Blazor, and more. The release includes expanded design system tooling, advanced data visualizations, WCAG 2.2 accessibility, and Content Security Policy compliance.
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Progress Unveils AI-powered Contextual Threat Event Analysis with Latest Release of Flowmon

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Progress announces the latest release of its network anomaly detection system, Flowmon ADS 12.2. The new version offers advanced capabilities to manage cyber threats, including AI-powered contextual threat event analysis and expanded network intelligence.
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-1.79%
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Progress Announces Recipient of Third Annual Akanksha Women in STEM Scholarship in India

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Progress announces recipient of the third annual Progress Software Akanksha Scholarship for Women in STEM in India.
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Progress Introduces LoadMaster 360, a Powerful New Platform for Deploying, Operating and Troubleshooting Applications and Delivery Infrastructure

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Progress launches LoadMaster 360, a cloud-based unified application delivery platform
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Progress Announces Winners of the 2023 OpenEdge North America Partner Awards

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Progress announces the winners of the 2023 OpenEdge North America Partner Awards, recognizing partners who have leveraged Progress OpenEdge in a significant way.
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Progress Announces Third Quarter 2023 Financial Results

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Third Quarter Results Ahead of Estimates. Revenue increased 16% YoY to $175.0 million. Non-GAAP revenue increased 15% YoY to $175.8 million. ARR increased 18% YoY to $577 million. Operating margin was 17% and non-GAAP operating margin was 39%. Diluted earnings per share decreased 16% to $0.42. Non-GAAP diluted earnings per share increased 8% to $1.08.
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FAQ

What is the current stock price of Progress Software (DE) (PRGS)?

The current stock price of Progress Software (DE) (PRGS) is $66.38 as of December 20, 2024.

What is the market cap of Progress Software (DE) (PRGS)?

The market cap of Progress Software (DE) (PRGS) is approximately 2.8B.

What is Progress Software Corporation's core business?

Progress Software Corporation simplifies the development, deployment, and management of business applications across various platforms and devices.

What are some of Progress Software Corporation's key products?

Key products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, and Corticon.

How does Progress generate revenue?

Progress generates revenue through perpetual licenses, term licensing models, and subscription-based models for its cloud-based offerings.

Where is Progress Software Corporation headquartered?

Progress is headquartered at 14 Oak Park Drive, Bedford, MA 01730, USA.

What recent partnerships has Progress announced?

In March 2024, Progress announced a strategic partnership with Veeam® Software to provide enhanced cybersecurity solutions.

What recognitions has Flowmon ADS received?

Flowmon ADS was recognized as a Technology Leader in the 2023 SPARK Matrix™: Network Detection and Response report and won gold in the 2023 Globee® Cybersecurity Awards.

What recent releases has Progress made in 2024?

Progress released enhanced versions of Progress® Telerik® and Progress® Kendo UI®, focusing on AI integration, design-to-code productivity, and accessibility features.

What regions contribute significantly to Progress' revenue?

While the majority of revenue is generated in the United States, Progress also has a significant presence in Canada, EMEA, Latin America, and Asia Pacific.

How many customers rely on Progress' OpenEdge-based applications?

Over 400,000 end-user customers globally run on Progress OpenEdge-based applications.

How many developers and technologists depend on Progress?

Over 4 million developers and technologists across hundreds of thousands of enterprises rely on Progress.

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Progress Software Corp (DE)

Nasdaq:PRGS

PRGS Rankings

#1700 Ranked by Market Cap
#1802 Ranked by Dividends

PRGS Stock Data

2.83B
42.26M
1.47%
117.07%
11.36%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
BURLINGTON