Progress to Announce Fiscal Q1 2025 Financial Results on March 31, 2025

Progress will announce its fiscal Q1 2025 financial results on March 31, 2025, followed by a conference call.

Quiver AI Summary

Progress Software Corporation announced that it will release its financial results for the first quarter of fiscal year 2025 on March 31, 2025, after market close. The results will cover the period ending February 28, 2025, and a conference call to discuss these results will take place at 5:00 p.m. ET on the same day. Participants can join the call via a live webcast or by phone, and are encouraged to dial in 15 minutes early to avoid delays. An archived version of the call and additional materials will be available on the company’s Investor Relations webpage afterward. Progress provides AI-powered digital experience and infrastructure software, supporting millions of developers and organizations worldwide.

Potential Positives

• Progress will provide a timely update on its financial results for the fiscal first quarter of 2025, indicating transparency and accountability to its investors.
• The announcement of a conference call to discuss financial results demonstrates proactive communication with stakeholders.
• The company continues to highlight its role as a trusted provider in AI-powered software, emphasizing its market position and relevance in a growing industry.
• With over 4 million developers and technologists relying on its products, Progress showcases its extensive customer base, reflecting strong market adoption and customer trust.

Potential Negatives

• Announcement of financial results after the market close may lead to lower visibility and impact stock performance due to lack of immediate investor access to information during market hours.
• Failure to provide any forward-looking guidance in the announcement could lead to uncertainty among investors regarding future performance.
• The upcoming conference call scheduled for a late hour (5:00 p.m. ET) may limit participation from analysts and investors, potentially reducing the effectiveness of the communication regarding financial results.

FAQ

When will Progress release its financial results for Q1 2025?

Progress will release its financial results after market close on March 31, 2025.

What time is the Progress conference call scheduled?

The conference call is scheduled for 5:00 p.m. ET on March 31, 2025.

How can I access the Progress conference call?

You can access the conference call via a live webcast or by phone using the provided links.

Where can I find the archived version of the conference call?

The archived conference call will be available on the Progress Investor Relations webpage after the live event.

What does Progress focus on as a company?

Progress specializes in AI-powered digital experience and infrastructure software for businesses.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$PRGS Insider Trading Activity

$PRGS insiders have traded $PRGS stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.

Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:

• ANTHONY FOLGER (Chief Financial Officer) has made 0 purchases and 5 sales selling 22,797 shares for an estimated $1,369,976.
• LOREN JARRETT (EVP/GM Digital Experience) has made 0 purchases and 3 sales selling 11,740 shares for an estimated $666,789.
• YOGESH K GUPTA (Chief Executive Officer) sold 8,028 shares for an estimated $537,916
• DOMENIC LOCOCO (Chief Accounting Officer) has made 0 purchases and 4 sales selling 7,086 shares for an estimated $445,865.
• IAN PITT (Chief Information Officer) has made 0 purchases and 2 sales selling 3,229 shares for an estimated $197,558.
• YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares for an estimated $93,177
• SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 649 shares for an estimated $41,548

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PRGS Hedge Fund Activity

We have seen 151 institutional investors add shares of $PRGS stock to their portfolio, and 167 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• PACER ADVISORS, INC. added 1,140,626 shares (+45918.9%) to their portfolio in Q4 2024, for an estimated $74,311,783
• JEFFERIES FINANCIAL GROUP INC. added 662,881 shares (+4750.5%) to their portfolio in Q4 2024, for an estimated $43,186,697
• NOMURA HOLDINGS INC removed 520,337 shares (-53.8%) from their portfolio in Q4 2024, for an estimated $33,899,955
• LEUTHOLD GROUP, LLC removed 409,752 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $26,695,342
• NATIXIS added 384,700 shares (+287.1%) to their portfolio in Q4 2024, for an estimated $25,063,205
• MARSHALL WACE, LLP removed 352,934 shares (-79.6%) from their portfolio in Q4 2024, for an estimated $22,993,650
• JPMORGAN CHASE & CO removed 294,689 shares (-56.9%) from their portfolio in Q4 2024, for an estimated $19,198,988

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$PRGS Analyst Ratings

Wall Street analysts have issued reports on $PRGS in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• Wedbush issued a "Buy" rating on 10/22/2024
• Guggenheim issued a "Buy" rating on 09/23/2024

To track analyst ratings and price targets for $PRGS, check out Quiver Quantitative's $PRGS forecast page.

$PRGS Price Targets

Multiple analysts have issued price targets for $PRGS recently. We have seen 5 analysts offer price targets for $PRGS in the last 6 months, with a median target of $70.0.

Here are some recent targets:

• Brent Thill from Jefferies set a target price of $70.0 on 01/06/2025
• Ittai Kidron from Oppenheimer set a target price of $80.0 on 10/22/2024
• John DiFucci from Guggenheim set a target price of $78.0 on 10/01/2024
• Lucky Schreiner from D.A. Davidson set a target price of $70.0 on 09/25/2024
• Daniel Ives from Wedbush set a target price of $68.0 on 09/23/2024

Full Release

BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) --

Progress

(Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2025 after the market close on Monday, March 31, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s first quarter of fiscal year 2025 ended on February 28, 2025.

Conference Call Details



A live webcast of the call will be available using

this link

.

To access the conference call by phone, please use

this link

to retrieve dial-in details. To avoid delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time.

An archived version of the conference call and supporting materials will be available on the

Progress Investor Relations



webpage after the live conference call.

About Progress




Progress

(Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at

www.progress.com

.

Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.

Source: Progress Software Corporation

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.