Why Is PROGRESS SOFTWARE CO (PRGS) Stock Down Today?

By the Top Tier Newswire AI Desk · October 1, 2026 at 2:04 PM ET · reviewed against 18 wire stories

PROGRESS SOFTWARE CO (PRGS) is down -7.51% in the latest session. Our newswire has captured 18 stories on PRGS across 10 sources in the last 36 hours, with AI sentiment reading mixed (avg 56/100).

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Progress Software (PRGS) fell 7.51% to $36.97 in a volatile session, driven by a revenue miss in its fiscal third quarter 2026 and downward guidance. The stock opened at $40.04 but quickly declined, reaching a low of $36.33 before closing near that level. The move followed a report that quarterly revenue came in below estimates, signaling potential challenges in the company’s growth trajectory despite recent AI-focused initiatives.

What Happened

Progress Software reported fiscal Q3 2026 results that fell short of expectations, with revenue failing to meet the projected $247 million. The company also issued a Q4 revenue forecast of $297 million to $305 million, below the $248.7 million estimated by analysts. While the firm highlighted progress in AI infrastructure and the integration of its Domo acquisition, the earnings call transcript emphasized risks and margin pressures. The CFO and two other executives sold shares in recent months, adding to investor caution. Additionally, the company’s non-GAAP EPS guidance of $6.15 to $6.23 for the fiscal year is below the $6.18 consensus, further weighing on sentiment.

What The Data Shows

The stock has declined 11.9% over the past eight sessions, from $45.58 to $40.17, and is now trading near its 52-week low of $23.82. Intraday volume reached 0.9 million shares, 1.4 times the 3-month average, as the stock traded down from a morning high of $41.65. Recent insider transactions include three sales totaling $984,000, with the most recent filing on August 18. On the 52-week tape, the stock printed 20 fresh 52-week lows on October 1, indicating broad retail and institutional pressure.

What To Watch

Progress Software is scheduled to host its Q3 2026 earnings call on October 1, 2026, at 5:00 p.m. ET. Investors will be monitoring the call for further details on the Domo integration, AI platform progress, and any additional guidance adjustments. Coverage breadth remains moderate, with 18 stories from 10 sources in the last 36 hours.

AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.

PRGS by the numbers

Last: $36.97Session: -7.51%7 sessions: -11.87%Coverage: 18 stories / 10 sourcesAI sentiment: 56/100 (mixed)Mkt cap: $1.6BP/E: 19.452w: $23.82 to $47.37

PRGS · today's session (5-min) · -9.06% vs prior close · updated 6:59 PM ET

AI sentiment, last 36h · averaged over 18 stories · 56/100 bullish

The headlines behind the move

Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline

9h agoStockTitanBULLISH 63Product/PR

Progress Software Connects Enterprise Knowledge Across Business Systems with New Agentic RAG Capabilities

9h agoMarketChameleonBULLISH 56Earnings

Progress Software sets a fiscal Q3 2026 results call for 5:00 p.m. ET as it positions PRGS as an “AI infrastructure software leader” October 1, 2026

Progress Software (PRGS) announced it has reported fiscal third quarter 2026 results and directed investors to its earnings release and supplemental slide presentation on its Investor Relations website. The company will discuss results and outlook on a 5:00 p.m. ET conference call, with webcast access, dial-in details, and a replay available via the links referenced in the release.

11h agoThe Motley FoolBULLISH 67Earnings

Progress (PRGS) Q3 2026 Earnings Call Transcript

Domo acquisition and AI-driven data platform integration drive margin expansion.

20h agoSeeking AlphaBULLISH 67Earnings

Progress projects Q4 revenue of $297M-$305M while integrating Domo by end of FY ’27

Progress Software (PRGS) Q3 FY2026 earnings call: ARR, margin and guidance raise plus $400M Domo deal synergies, risks and outlook—read key takeaways.

20h agoSeeking AlphaNEUTRAL 50Earnings

Progress Software Corporation (PRGS) Q3 2026 Earnings Call Transcript

Progress Software Corporation (PRGS) Q3 2026 Earnings Call September 30, 2026 5:00 PM EDTCompany ParticipantsMichael Micciche - Senior Vice President of...

22h agoSeeking AlphaNEUTRAL 50Earnings

Progress Software Corporation 2026 Q3 - Results - Earnings Call Presentation

2026-09-30. The following slide deck was published by Progress Software Corporation in conjunction with their 2026 Q3 earnings call.

1d agoBarron'sBEARISH 37Earnings

Progress Software Stock Drops After Quarterly Revenue Falls Short

1d agoThe FlyBULLISH 56Earnings

Progress Software sees FY26 non-GAAP EPS $6.15-$6.23, consensus $6.18

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More on PRGS: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.

Earlier PRGS move explainers: 2026-10-01