|Over a week ago|
Progress Software initiated with an Outperform at Oppenheimer » 16:2007/1407/14/21
Oppenheimer analyst Ittai…
Oppenheimer analyst Ittai Kidron initiated coverage of Progress Software with an Outperform rating and $54 price target. He is bullish on the company's ability to defend its current footprint while executing an "aggressive" M&A growth strategy, said Kidron, who sees Progress being well-positioned to achieve $1B in annual revenue by FY25.
|Over a month ago|
Progress Software raises FY21 EPS view to $3.46-$3.50 from $3.38-$3.42 » 16:2306/2406/24/21
Consensus $3.40. Raises…
Consensus $3.40. Raises FY21 revenue view to $529M-$535M from $519M-$527M, consensus $525M. Anthony Folger, CFO, said: "We're very pleased with the performance of our core business and our continued success integrating Chef. Our second quarter results reflect strength across all product lines and we're very pleased with the growth in ARR and the improvement in our net retention rates, both of which were introduced as key metrics last quarter. At the same time, we are achieving acquisition synergies sooner than anticipated, which contributed to our strong profitability and cash flows. These results reinforce our optimism and increase our confidence, providing us with comfort to raise our FY21 guidance again this quarter."
Progress Software sees Q3 EPS 81c-83c, consensus 85c » 16:2206/2406/24/21
Sees Q3 revenue…
Sees Q3 revenue $129M-$132M, consensus $132.05M.
Progress Software reports Q2 EPS 82c, consensus 72c » 16:1906/2406/24/21
Reports Q2 revenue…
Reports Q2 revenue $122.49M, consensus $121.86M. Reports Q2 annualized recurring revenue, or ARR, of $437M increased 23% year-over-year on a constant currency basis. "We delivered a strong second quarter, which came in well ahead of our top- and bottom-line guidance ranges, demonstrating the success of our total growth strategy," said Yogesh Gupta, CEO at Progress. "Our outperformance was driven by a combination of strength in our core business coupled with our acquired DevOps products from Chef, which is achieving nearly all of the integration synergies we expected ahead of schedule. The combination of another quarter of outperformance in our core businesses along with Chef proceeding ahead of plan makes us increasingly confident in our expectations for a strong year."
Progress Software announces latest release of Progress Sitefinity Insight » 09:0306/2206/22/21
Progress announced powerful new digital marketing capabilities in the latest release of Progress Sitefinity Insight a SaaS analytics, personalization and optimization system. The company brings to market enhanced tools to help marketers adapt to the "new normal," easily pivot and deliver differentiated customer experiences. Progress also announced new enhancements in Progress Sitefinity Cloud, an enterprise-grade platform as a service for managing digital experience and improving operational efficiency.
Progress Software initiated with a Buy at Guggenheim » 06:1006/0806/08/21
Guggenheim analyst Ken…
Guggenheim analyst Ken Wong initiated coverage of Progress Software with a Buy rating and $56 price target.
Progress Software announces release of Progress DataDirect connectors » 09:0906/0106/01/21
Progress announced the…
Progress announced the release of new Progress DataDirect connectors that seamlessly integrate with AWS Glue and dramatically simplify real-time data movement between a variety of data sources. The connectors are currently available in the AWS Marketplace. A serverless data integration service, AWS Glue makes it easy for anyone to discover, prepare and combine data for analytics, machine learning and custom application development on Amazon Web Services. While AWS Glue natively supports connectivity to AWS services, there is an ever-growing market of applications and databases that need to be accessed but are not directly accessible to AWS Glue processes. With DataDirect connectors for AWS Glue, users can easily access real-time data directly from AWS Glue, breaking down data silos to gain actionable insights.
Association of Legal Administrators selects Progress Sitefinity Cloud » 09:0805/2605/26/21
Progress announced that…
Progress announced that the Association of Legal Administrators has chosen Progress Sitefinity Cloud as its content management system. With Sitefinity Cloud content management system, ALA is able to build compelling digital experiences and transform the performance of its website through streamlining infrastructure maintenance.
Progress Software announces latest release of Progress Kendo UI » 09:2205/1205/12/21
Progress announced the…
Progress announces R2 2021 release of Progress Telerik » 09:1105/1205/12/21
Progress announced the R2…
Progress announced the R2 2021 release of Progress Telerik, a powerful .NET developer tools collection available. With this release, Progress now provides over 75 native components for Microsoft Blazor, making it the largest UI component library for Blazor available. Progress also announced expansion of its already growing UI library for Microsoft WinUI and support for the newest .NET 6 preview