11h agoSeeking AlphaNEUTRAL 48Analyst
Progress Software: AI Risk Demands A Bigger Discount
Progress Software Corporation's adjusted EPS rose 13% and adjusted free cash flow grew 17%, but revenue fell 2%. Click for more on PRGS stock's Hold rating.
Archived explainer. For the current picture see today's PRGS page.
Why Is PROGRESS SOFTWARE CO (PRGS) Stock Down Today?
By the Top Tier Newswire AI Desk · October 2, 2026 at 12:57 AM ET · reviewed against 15 wire stories
PROGRESS SOFTWARE CO (PRGS) is down -8.48% in the latest session. Our newswire has captured 15 stories on PRGS across 9 sources in the last 36 hours, with AI sentiment reading mixed (avg 55/100).
Public view, delayed 4h. Every headline, price and sentiment read below — and this write-up itself — reaches Pro subscribers live. Public readers see it once it clears the delay.
Progress Software stock fell 8.48% to $36.58 on Thursday amid investor concerns over its recent quarterly results. Despite a 13% year-over-year increase in adjusted earnings per share and a 17% rise in adjusted free cash flow, the company reported a 2% year-over-year decline in revenue. This underperformance contributed to a broader sell-off in the stock, as investors weighed the mixed results against the company's guidance and integration challenges.
What Happened
Progress Software reported fiscal third quarter 2026 results on October 1, 2026, and scheduled an earnings call for 5:00 p.m. ET. The company projected Q4 revenue between $297 million and $305 million, which is below the $248.748 million estimated sales. The Q3 earnings call highlighted the ongoing integration of Domo, which is expected to be completed by the end of fiscal 2027. The company also emphasized its positioning as an “AI infrastructure software leader,” but the revenue decline and lower-than-expected guidance raised concerns among investors.
Recent insider transactions also added to the bearish sentiment. Three executives, Anthony Folger, Loren Jarrett, and Sundar Subramanian, sold shares in the past 90 days, totaling $984,000. Additionally, a congressional trade disclosed that Kevin Hern sold between $15,001 and $50,000 in PRGS stock on August 31.
What The Data Shows
The stock has declined 11.9% over the past eight sessions, from $45.58 to $40.17. On October 1, it printed 20 fresh 52-week lows and three 52-week highs. The stock currently trades with a market cap of $1.6 billion, a P/E ratio of 19.4, and a beta of 0.82. While revenue grew 15.5% in the trailing twelve months, the net margin of 8.9% and the recent earnings shortfall may have pressured investor confidence.
What To Watch
Progress Software will host its Q3 2026 earnings call at 5:00 p.m. ET on October 1. Investors will be watching for further details on the Domo integration, AI platform progress, and any additional guidance on future performance. Coverage breadth remains elevated, with 15 stories from nine 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: $36.58Session: -8.48%7 sessions: -11.87%Coverage: 15 stories / 9 sourcesAI sentiment: 55/100 (mixed)Mkt cap: $1.6BP/E: 19.452w: $23.82 to $47.37
The headlines behind the move
20h agoStockTitanBULLISH 63Product/PR
Progress Software Connects Enterprise Knowledge Across Business Systems with New Agentic RAG Capabilities
20h 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.
22h agoThe Motley FoolBULLISH 67Earnings
Progress (PRGS) Q3 2026 Earnings Call Transcript
Domo acquisition and AI-driven data platform integration drive margin expansion.
1d 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.
1d 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...
1d 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
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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: 2026-10-02 · 2026-10-01