Progress Software Corporation (PRGS)

Progress Software Corp.'s stock has been influenced by strong Q4 fiscal 2025 results, the successful integration of ShareFile, and the launch of AI-enhanced products. Positive fiscal year 2026 guidance was provided, projecting revenue between $986 million and $1 billion and EPS of $5.82-$5.96. The stock tumbled 11% in July 2025 due to concerns over margins and ARR growth. Progress acquired AI search firm Nuclia in July 2025. Announcements related to digital experience and AI capabilities resulted in flat to mildly negative stock movements. The stock price gained 3.82% on February 6, 2026, but as of January 26, 2026, the share price was down 21.30% from the previous year.

Specific detailed data on the demand seasonality for Progress Software Corp.'s products and services is not readily available. Seeking Alpha indicates it displays mean and median monthly returns for PRGS to identify seasonal patterns, but access requires a free account.

Progress Software Corp. is a global software company specializing in AI-powered applications and digital experiences. Its portfolio includes Agentic RAG, Automate MFT, Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, and WhatsUp Gold, enhancing technology teams' productivity through enterprise integration, data interoperability, and application development solutions.

Progress Software Corp. has a global presence with its headquarters in Burlington, Massachusetts, U.S. The company has offices in 16 countries and serves customers across the United States, Canada, EMEA, Latin America, and Asia Pacific.

Progress Software maintains a strong brand reputation, evidenced by a near 100% customer Net Retention Rate. The integration of AI capabilities is expected to enhance stability and drive future growth. Analysts generally have a positive outlook, with a consensus "Buy" rating. Potential cybersecurity vulnerabilities pose a threat to the company's reputation.

Progress Software Corporation is predominantly owned by institutional investors, holding approximately 84.49% of the company's shares. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Boston Trust Walden Corp, State Street Corp, Wellington Management Group Llp, Dimensional Fund Advisors Lp, and Geode Capital Management, Llc. There has been mixed activity with institutions adding and reducing shares, and insider selling by executives was noted.