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Progress Software Corp. - PRGS STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Progress Software's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Progress Software's position in the market.

News
Progress Software to Report First Quarter 2024 Financial Results on March 26, 2024
Rhea-AI Summary
Progress (PRGS) to Release Fiscal First Quarter 2024 Financial Results on March 26, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
conferences earnings
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News
ABN AMRO Moves Progress-Powered Credit Store App to Azure Cloud; Achieves 40% Faster Data Processing, Lower TCO and Improved Business Resilience
Rhea-AI Summary
ABN AMRO Bank, a major European bank, migrated its Progress-powered Credit Store application to Microsoft Azure using MarkLogic Data Hub, resulting in faster data processing, increased resilience, and reduced Total Cost of Ownership. This move allowed the bank to access real-time data, streamline decision-making, and ensure compliance with corporate and regulatory standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
none
-
News
Progress Recognized by Gartner® in the 2024 Magic Quadrant™ for Digital Experience Platforms for Third Consecutive Year
Rhea-AI Summary
Progress (PRGS) has been recognized in the 2024 Gartner Magic Quadrant for Digital Experience Platforms for the third consecutive year. The company's Digital Experience portfolio, including Sitefinity, enables organizations to create personalized digital experiences across multiple channels. Progress has also received accolades for its ease of implementation, personalization, and user-friendly tools.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
none
News
Progress Announces Amended Credit Facility
Rhea-AI Summary
Progress (PRGS) secures a new $900 million credit facility to enhance liquidity and flexibility, supporting future growth and acquisitions. The facility replaces existing secured credit lines and matures in 2029, providing ample room for strategic maneuvers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
none
-
News
Progress Opens Applications for 2024 Women in STEM Scholarship Series in Bulgaria and India Honoring International Women’s Day
Rhea-AI Summary
Progress (PRGS) announces the opening of applications for the 2024 Women in Tech Scholarship program in Bulgaria and the Akanksha Scholarship for Women in STEM in India to empower women in technology fields. The deadline for submissions is April 12, 2024, aligning with the theme of International Women's Day to invest in women's progress. CEO Yogesh Gupta emphasizes the company's commitment to supporting future women leaders in STEM through education.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
none
-
News
Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering
Rhea-AI Summary
Progress Software Corporation announces the pricing of $400.0 million aggregate principal amount of 3.50% Convertible Senior Notes due 2030 to qualified institutional buyers. The offering includes an option for additional notes, closing on March 1, 2024. Progress plans to use the proceeds for various purposes, including repaying debt and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
none
News
Progress Software Announces Proposed Convertible Senior Notes Offering
Rhea-AI Summary
Progress Software Corporation announces a $350.0 million offering of Convertible Senior Notes due 2030. The Notes will be senior unsecured obligations and will mature on March 1, 2030. Progress plans to use the net proceeds for various purposes, including repaying debt and repurchasing shares of its common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.24%
Tags
none
-
News
Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge
Rhea-AI Summary
Progress (Nasdaq: PRGS) announced the latest release of Progress® OpenEdge® 12.8, offering new features such as incremental build support, OpenTelemetry integration, and dynamic data masking. This release aims to help developers build robust, secure business applications while optimizing performance. The update also focuses on enhancing developer productivity, improving database performance, and reinforcing application security. OpenEdge 12.8 is positioned to simplify the delivery of mission-critical business applications for over 100,000 customers globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
none
-
News
Now Accepting Applications for the 2024 Progress Software Mary Székely Scholarship for Women in STEM
Rhea-AI Summary
Progress (Nasdaq: PRGS) has announced the opening of the application process for the 2024 Progress Software Mary Székely Scholarship for Women in STEM. The $10,000, four-year renewable scholarship is designed to honor the late Mary Székely, Progress co-founder and lead software engineer of more than 30 years. Eligible candidates are those who identify as women and are pursuing or planning to pursue an undergraduate degree in computer science, software engineering, IT, and/or computer information systems. The recipient will be chosen based on academic achievement, interest, and experience in the field, as well as personal attributes that exemplify Mary Székely’s most notable qualities. Applications are due on International Women’s Day, March 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
none
News
Progress Reports 2023 Fiscal Fourth Quarter and Year End Results
Rhea-AI Summary
Progress (NASDAQ: PRGS) reported strong financial results for the fourth quarter and fiscal year ended November 30, 2023. The company achieved a 13% increase in revenue, with non-GAAP revenue growing by 12% year-over-year. Annualized Recurring Revenue (ARR) increased by 17% year-over-year. However, diluted earnings per share decreased by 37% compared to the same quarter last year. The company's CEO and CFO expressed optimism about the future, highlighting the integration of MarkLogic and the positive outlook for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
Tags
earnings
Stock PRGS logo
Progress Software Corp.

Nasdaq:PRGS

PRGS Rankings

#1789 Ranked by Market Cap
#2046 Ranked by Stock Gains
#1676 Ranked by Dividends

PRGS Stock Data

2.20B
42.79M
1.55%
105.75%
9.31%
Data Processing, Hosting, and Related Services
Information
Link
US
Bedford

About PRGS

progress software corporation (nasdaq: prgs) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. over 400,000 end-user customers globally run on progress openedge-based applications, and more than 1,400 isvs around the world are powered by progress software. global headquarters 14 oak park drive bedford, ma 01730 usa +781-280-4000