Progress SoftwareNASDAQ: PRGS

Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning best employer BURLINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the appointment of Amanda Arria as Chief People Officer (CPO), effective October 28, 2024.

Progress Software (PRGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Examine the evolution of Progress Software's (PRGS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Progress Software (PRGS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

PRGS' third-quarter fiscal 2024 results benefit from robust demand for multiple products in its portfolio.

Progress Software's acquisition of ShareFile is a game-changer, expected to significantly boost recurring revenue and operating margins despite short-term cash flow challenges. PRGS is trading at an attractive valuation of 11x next year's free cash flow, making $60 per share a bargain entry point. Despite competitive pressures from Microsoft and IBM, Progress Software's diverse product portfolio and strong customer retention position it well for future growth.

Progress Software Corporation (NASDAQ:PRGS ) Q3 2024 Earnings Conference Call September 25, 2024 5:00 PM ET Company Participants Michael Micciche - Senior Vice President, Investor Relations Yogesh Gupta - President and Chief Executive Officer Anthony Folger - Chief Financial Officer Conference Call Participants John DiFucci - Guggenheim Securities Lucky Schreiner - D.A. Davidson Bo Yin - Jefferies Operator Good day and welcome to the Progress Software Corporation Q3 2024 Earnings Call.

While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Progress Software (PRGS) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.08 per share a year ago.