Progress Software Corporation (PRGS) - NASDAQ
  • Wed, Jun. 29, 5:38 PM
    | Wed, Jun. 29, 5:38 PM | 3 Comments
  • Wed, Mar. 30, 5:39 PM
    • Top gainers, as of 5.25 p.m.: MDVN +13.9%. VALE +13.4%. EPE +12.0%. AU +4.6%. WBMD +3.5%.
    • Top losers, as of 5.25p.m.: PRGS -10.6%. VRNT -6.6%. SLW -5.9%. OHI -1.6%. MAS -1.5%.
    | Wed, Mar. 30, 5:39 PM
  • Oct. 1, 2015, 5:35 PM
    | Oct. 1, 2015, 5:35 PM
  • Oct. 1, 2015, 5:09 PM
    • In addition to missing FQ3 revenue estimates (while beating on EPS), Progress Software (NASDAQ:PRGS) is guiding for FQ1 revenue of $113M-$118M, below a $121.6M consensus. EPS guidance is healthier: $0.47-$0.51 vs. a $0.47 consensus.
    • The enterprise software firm has also announced a $100M buyback, good for repurchasing 9% of shares at after hours levels.
    • No explanation is given in the FQ3 report for the sales miss or guidance. License revenue rose 21% Y/Y to $31.8M; maintenance/services revenue rose 19% to $62.8M. GAAP operating expenses rose 36% Y/Y to $70.9M. Progress ended FQ3 with $218M in cash, and $144M in long-term debt. The deferred revenue balance stood at $131M.
    • Shares have fallen to $22.29 after hours.
    • FQ3 results, PR
    | Oct. 1, 2015, 5:09 PM
  • Jul. 1, 2015, 4:43 PM
    • In addition to beating FQ2 estimates, Progress Software (NASDAQ:PRGS) has guided for FQ3 EPS of $0.35-$0.38 (favorable to a $0.35 consensus) and FY16 (ends Nov. '16) EPS guidance of $1.45-$1.52 (above a $1.42 consensus).
    • The app development software provider expects FQ3 revenue of $101M-$104M and FY16 revenue of $415M-$425M, in-line with consensus estimates of $103.2M and $419.2M.
    • Also: Progress has promoted Jerry Rulli, until now president of the company's OpenEdge software unit, to the newly-created position of COO. He'll now be responsible for the operations of all 3 of Progress' business units - OpenEdge, data connectivity/integration, and app development/deployment. The presidents of the last two units will report to Rulli.
    • Progress has risen to $29.70 AH.
    • FQ2 results, PR
    | Jul. 1, 2015, 4:43 PM
  • Jan. 13, 2015, 5:42 PM
    | Jan. 13, 2015, 5:42 PM | 22 Comments
  • Sep. 25, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: PRGS +7.6%. NKE +6.2%. STV +5.7%. DMND +5.2%. WLT +4.2%.
    • Top losers, as of 5:15 p.m.: XIN -3.4%. BAX -2.2%. MNK -1.9%. DRD -1.9%. SPRT -1.8%.
    | Sep. 25, 2014, 5:35 PM | 2 Comments
  • Jun. 26, 2014, 5:34 PM
    • Top gainers, as of 5:15 p.m.: AWRE +13.6%. MTW +11.9%. PRGS +8.9%. NKE +3.2%. ETE +2.4%.
    • Top losers, as of 5:15 p.m.: ISIS -5.4%. SFM -2.7%. IG -2.3%. DD -2.2%. CTRP -1.5%.
    | Jun. 26, 2014, 5:34 PM | 2 Comments
  • Jun. 26, 2014, 4:19 PM
    • Progress Software (PRGS): FQ2 EPS of $0.37 beats by $0.03.
    • Revenue of $80.82M (-1.1% Y/Y) beats by $4.34M.
    • Shares +8.00% AH.
    | Jun. 26, 2014, 4:19 PM
  • Jan. 9, 2014, 4:22 PM
    • Progress Software (PRGS): FQ4 EPS of $0.43 beats by $0.02.
    • Revenue of $91.0M (+5% Y/Y) beats by $0.16M. Shares -9.8% AH. (PR)
    | Jan. 9, 2014, 4:22 PM
  • Dec. 12, 2013, 9:56 AM
    • Intel (INTC +1.1%) has been upgraded to Neutral by Nomura. Citi and Drexel Hamilton upgraded shares last Friday.
    • Micron (MU +2%) has been upgraded to Buy by Nomura. Shares fell yesterday following an MKM report stating SK Hynix's Wuxi, China fab will be operational sooner than expected.
    • Xilinx (XLNX +1.7%) has been upgraded to Buy by Nomura. In addition, both Xilinx and rival Altera (ALTR +0.6%) have been started at Outperform by JMP.
    • iRobot (IRBT +2.2%) has been upgraded to Neutral by JPMorgan.
    • Synchronoss (SNCR +6.8%) has been upgraded to Strong Buy by Raymond James.
    • Teradata (TDC -2%) has been cut to Sector Perform by RBC. Shares are making new 52-week lows.
    • Texas Instruments (TXN -0.7%) and SanDisk (SNDK -2.3%) have been cut to Reduce by Nomura. TI provided an in-line mid-quarter update on Monday, while SanDisk fell in tandem with Micron yesterday.
    • Sigma Designs (SIGM -17.8%) has been cut to Hold by Needham after missing FQ3 estimates.
    • Progress Software (PRGS -7.5%) has been cut to Market Perform by JMP.
    | Dec. 12, 2013, 9:56 AM
  • Sep. 25, 2013, 4:24 PM
    • Progress Software (PRGS): FQ3 EPS of $0.27 beats by $0.03.
    • Revenue of $77.6M beats by $0.9M. Shares +2.36% AH. (PR)
    | Sep. 25, 2013, 4:24 PM
  • Jun. 26, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: GUNR +16%. PRGS +9%. GORO +5%. DRWI +5%. IAU +4%.
    After-hours top losers: PEI -8%. SIR -6%. YELP -5%. MLHR -4%. PAYX -3%.
    | Jun. 26, 2013, 5:30 PM
  • Jun. 26, 2013, 4:30 PM
    Progress Software (PRGS): FQ2 EPS of $0.27 beats by $0.06. Revenue of $81.7M beats by $2.66M. Shares +2.25% AH. (PR)
    | Jun. 26, 2013, 4:30 PM
  • Jan. 3, 2013, 4:17 PM
    Progress Software (PRGS): Q4 EPS of $0.42 beats by $0.09. Revenue of $121.7M beats by $5.39M. Shares -2.8% AH. (PR)
    | Jan. 3, 2013, 4:17 PM
  • Dec. 4, 2012, 5:01 PM

    Tibco (TIBX) -14.7% AH after warning it expects to report FQ4 (ended Nov. 30) revenue of $292M-$295M and EPS of $0.37-$0.38, below a consensus of $316M and $0.44. Tibco blames a mix of soft government spending, Sandy-related deal delays, and poor execution in its infrastructure (i.e. middleware) business, particularly in the Americas. The FQ4 report arrives on Dec. 20. It could be a rough day for enterprise software stocks tomorrow: QLIK -3.7%. PRGS -1.4%. RHT -2.3%. INFA -1.1%. CTXS -1%. ORCL -0.9%. SAP -0.8%.

    | Dec. 4, 2012, 5:01 PM
Company Description
Progress Software Corp. develops real-time data management software. It is a global software company, which simplifies and enables the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal information technology... More
Sector: Technology
Industry: Application Software
Country: United States