Progress Software Corporation· PRGS
🇺🇸 US · SmallSP600NASDAQ
- Price
- $41.85
- Day
- +0.84%
- Mkt Cap
- $1.72B
- 52W Range
- $23.82 – $47.37
- Volume
- 753.4K
- Beta
- 0.81
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Global survey reveals fragmented coordination workflows have become a measurable business cost, signaling the need for more structured, AI-enabled client collaboration BURLINGTON, Mass., July 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), an AI infrastructure software leader, today announced the results of its State of Client Collaboration 2026 survey, revealing that professional services firms lose a median of roughly $60,000 (USD) annually to nonbillable client coordination work.
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Built directly into content workflows, AI agents execute, optimize and continuously improve digital experiences, helping teams publish faster, scale consistently and reduce manual effort BURLINGTON, Mass., July 28, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), an AI infrastructure software leader, today announced powerful agentic AI capabilities in Progress® Sitefinity® Generative CMS, empowering organizations to streamline content operations, accelerate digital experience delivery and unlock greater productivity, consistency and control.
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Progress Software Corporation (PRGS) M&A Call Transcript
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Progress Software NASDAQ: PRGS said it has entered into an agreement to acquire Domo's AI and data platform business in a transaction valued at a headline purchase price of $400 million, executives said on a conference call discussing the deal.
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SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO--Domo, Inc. (NASDAQ: DOMO) (“Domo” or the “Company”) today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (NASDAQ: PRGS) (“Progress”) will acquire substantially all of the assets and employees, excluding the Company's net operating loss (“NOL”) carryforwards, and assume certain liabilities of the Company for $400 million in cash, subject to customary purchase price adjustments.
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Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI-ready intelligence—improving accuracy, speed and cost.
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The average of price targets set by Wall Street analysts indicates a potential upside of 28.3% in Progress Software (PRGS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Investors with an interest in Computer - Software stocks have likely encountered both Progress Software (PRGS) and Cadence Design Systems (CDNS). But which of these two stocks presents investors with the better value opportunity right now?
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