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Progress Software (NASDAQ:PRGS) Corporation’s stock has reached a significant milestone, hitting a 52-week low of 50.62 USD. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, while maintaining impressive gross profit margins of 85.71%. This marks a notable point in the company’s performance over the past year, as the stock has experienced a 1-year change of -6.53%, with a more pronounced year-to-date decline of 20.92%. The decline reflects various market factors and investor sentiments that have impacted the stock’s valuation, positioning it at this low point in its 52-week trajectory. As the company navigates these challenges, stakeholders are closely monitoring its strategies to regain momentum and improve its market standing. For deeper insights and additional ProTips on Progress Software, explore the comprehensive research available on InvestingPro.
In other recent news, Progress Software reported its second-quarter earnings for fiscal year 2025, exceeding expectations with an earnings per share (EPS) of $1.40, compared to the forecasted $1.30. However, the company’s revenue slightly missed estimates, coming in at $237 million against a forecast of $237.53 million. Despite this, revenue grew 36% year-over-year, and the company achieved a strong operating margin of 40%. Progress Software also announced the acquisition of Nuclia, a Retrieval-Augmented Generation (RAG) service provider, which is expected to enhance its platform capabilities. Analysts at DA Davidson maintained a Buy rating for the company and raised the stock price target to $75, citing consistent business strength and successful integration of previous acquisitions like ShareFile. The company reported significant growth in Annual Recurring Revenue, up 46% year-over-year, reaching $838 million. Progress Software has provided guidance for full-year 2025 revenue between $962 million and $974 million, with an EPS range of $5.28 to $5.40. The company remains focused on mergers and acquisitions and product innovation, particularly in AI integration.
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