Progress Software Reports Fiscal First Quarter 2026
Rhea-AI Summary
Progress Software (Nasdaq: PRGS) reported fiscal first quarter 2026 results for the period ended February 28, 2026. The company published an earnings release and supplemental slide presentation on its investor site and will host a conference call today, March 30, 2026, at 5:00 p.m. ET.
A live webcast and phone dial-in details are available via the investor relations site, and an archived recording and materials will be posted after the call.
Positive
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Negative
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News Market Reaction – PRGS
On the day this news was published, PRGS declined 9.27%, reflecting a notable negative market reaction. Argus tracked a peak move of +8.5% during that session. Argus tracked a trough of -12.5% from its starting point during tracking. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $122M from the company's valuation, bringing the market cap to $1.19B at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PRGS fell 5.14% while peers were mixed: CSGS up 0.36%, RZLV up 3.46%, FLYW down 5.65%, NTCT and NYAX modestly lower. Momentum data flags only RZLV to the upside, so today’s PRGS move screens as stock-specific rather than a broad software rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 25 | Product enhancement | Positive | -5.0% | ShareFile added eIDAS-compliant advanced and qualified e-signatures. |
| Mar 16 | Earnings date set | Neutral | -0.3% | Announced timing for reporting fiscal Q1 2026 financial results. |
| Mar 10 | CSR scholarship launch | Positive | -3.6% | Opened applications for the 2026 global STEM scholarship series. |
| Jan 20 | Earnings results | Neutral | +10.6% | Reported fiscal Q4 2025 and full-year 2025 financial results. |
| Jan 06 | Earnings date set | Neutral | +2.0% | Scheduled Q4 2025 and full-year 2025 earnings release and call. |
Recent history shows PRGS often trading down on positive product or CSR news, while earnings-related and scheduling headlines have more often coincided with mild gains.
Over the last few months, PRGS combined product, CSR, and financial milestones. A ShareFile enhancement with eIDAS-compliant signatures on Mar 25, 2026 saw shares down 4.97%, and a STEM scholarship initiative on Mar 10, 2026 coincided with a 3.6% decline. By contrast, announcing Q1 2026’s report date on Mar 16, 2026 had little impact (-0.28%). Fiscal Q4 2025 and full-year results on Jan 20, 2026 preceded a stronger 10.62% gain, while the earlier Q4 date announcement on Jan 6, 2026 aligned with a modest 2.04% increase.
Market Pulse Summary
The stock moved -9.3% in the session following this news. A negative reaction despite a routine earnings release announcement fits prior patterns where PRGS sometimes traded lower on otherwise constructive news, such as product and CSR updates that coincided with 3–5% declines. Elevated volatility near 52‑week lows and a price well below the $44.2 200‑day MA could amplify downside. Future stability may hinge on how the detailed Q1 2026 metrics compare to strong fiscal 2025 results highlighted in recent proxy materials.
Key Terms
russell 2000 index financial
AI-generated analysis. Not financial advice.
BURLINGTON, Mass., March 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index, today announced its financial results for the fiscal first quarter 2026, which ended on February 28, 2026. Progress is the trusted provider of AI-powered digital experience and infrastructure software.
The company’s earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. ET to discuss its results and outlook.
Conference Call Details
- A live webcast of the call will be available using this link.
- To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants to dial in 15 minutes ahead of the scheduled start time.
- An archived version of the conference call and supporting materials will be available on the Progress Investor Relations webpage after the live call.
About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and personalized digital experiences with agility and ease. Businesses of all sizes get a trusted provider in Progress, with the products, expertise and vision they need to turn AI disruption into a competitive advantage. Millions of developers and technologists at hundreds of thousands of organizations depend on Progress every day. Learn more at www.progress.com.
Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
| Investor Contact: | Press Contact: |
| Michael Micciche | Jeff Young |
| Progress Software | Progress Software |
| +1 781-850-8450 | +1 781-280-4000 |
| Investor-Relations@progress.com | PR@progress.com |
Source: Progress Software Corporation
FAQ
When did Progress Software (PRGS) end its fiscal Q1 2026 reporting period?
What time is the Progress Software (PRGS) Q1 2026 conference call on March 30, 2026?
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Will Progress Software (PRGS) provide a replay of the March 30, 2026 earnings call?
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Does Progress Software (PRGS) provide supplemental slides with its Q1 2026 results?
