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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 Corp. Statement regarding a Possible Offer for MariaDB plc
Rhea-AI Summary
Progress Software Corp. is considering a possible cash offer to acquire MariaDB plc, valuing the company at approximately $40.6 million. The offer represents a premium of 9% compared to a previous offer by K1 Capital and 216% to MariaDB's closing share price on February 5, 2024. Progress also plans to repay the Senior Secured Promissory Note issued by MariaDB to RP Ventures, totaling $40 million, implying an enterprise value of $100.6 million.
Rhea-AI Impact
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End-of-Day
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News
Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences
Rhea-AI Summary
Progress (PRGS) announces new AI-powered capabilities in Sitefinity 15.1 release, enhancing conversion optimization, content classification, and ASP.NET Core support. The update aims to improve customer data modeling, productivity, and ROI, offering personalized digital interactions and consistent brand experiences across touchpoints.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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AI
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News
More than Half of Global Organizations Plan to Increase Their Investment in “Human-Centered” Software Design in the Next Year, According to Progress Sponsored Research Study
Rhea-AI Summary
Progress (PRGS) releases survey results on human-centered software design, highlighting the importance of inclusive business practices. The survey reveals a disparity between intent and action in building human-centric applications, with challenges such as speed of development, complexity, and lack of skills. Organizations are urged to invest in tools, training, and collaboration to meet accessibility requirements and stay competitive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
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News
Progress Software Corp. Announcement under the Irish Takeover Rules
Rhea-AI Summary
Progress Software Corp. expresses interest in acquiring MariaDB plc, highlighting the benefits of the potential acquisition for both companies and their stakeholders. Progress emphasizes its strong database heritage, commitment to innovation, and the belief that MariaDB's relational database capabilities would complement its existing portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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News
Progress Releases Corporate Social Responsibility Report for 2023
Rhea-AI Summary
Progress (PRGS) releases its fifth annual Corporate Social Responsibility report highlighting its commitment to inclusion, diversity, charitable giving, and sustainability. The report showcases initiatives promoting an inclusive work environment, professional growth, and sustainable practices, with notable achievements in employee resource groups, charitable donations, STEM education, and environmental sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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News
Announcement for the Purposes of Rule 2.12 of the Irish Takeover Rules
Rhea-AI Summary
Progress Software Corp. confirms potential cash offer for MariaDB plc under Irish Takeover Rules, with no certainty of offer completion. Further announcements pending.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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News
Progress Announces First Quarter 2024 Financial Results
Rhea-AI Summary
Progress (PRGS) reports strong first-quarter financial results with revenue of $185 million, a 12% increase year-over-year. Diluted earnings per share decreased by 4% to $0.51, while non-GAAP diluted earnings per share increased by 5% to $1.25. The company also announced a new credit facility and convertible notes offering to enhance financial flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
Tags
earnings
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News
Progress Software Corp. Statement regarding Possible Offer for MariaDB plc
Rhea-AI Summary
Progress Software Corp. considers a possible offer to acquire MariaDB plc at $0.60 per share, offering a 9% premium over a previous offer and significant premiums over average and previous share prices. Progress sees MariaDB's RDBMS products as valuable, aligning with its expertise and customer-centric approach. The announcement reflects Progress's intent to engage with MariaDB's Board for due diligence and a potential firm offer, emphasizing stakeholder interests.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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News
Progress Partners with Veeam Software to Deliver AI-Powered Network Detection and Response to Global Enterprises
Rhea-AI Summary
Progress partners with Veeam Software to enhance cyber defense solutions for customers by combining network detection and response capabilities with data protection technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
partnership AI
News
Progress Receives 2024 Emotional Footprint Award for Metadata Management from SoftwareReviews
Rhea-AI Summary
Progress Semaphore, a metadata management and semantic AI platform by Progress (PRGS), ranked #1 in SoftwareReviews' 2024 Metadata Management Emotional Footprint Awards. It achieved the highest scores in Emotional Footprint, Customer Experience, and Value Index. Users praised Semaphore for being reliable, enabling productivity, and helping innovate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
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Stock PRGS logo
Progress Software Corp.

Nasdaq:PRGS

PRGS Rankings

#1799 Ranked by Market Cap
#2046 Ranked by Stock Gains
#1666 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