Progress Software shares surged 11.2% to close at $33.15 in the last trading session, driven by optimism around its fiscal second-quarter earnings, acquisitions, and AI-driven growth. The company expects second-quarter fiscal 2026 revenue between $240 million and $246 million, with non-GAAP diluted earnings per share of $1.47 to $1.53. Progress Software is embedding AI capabilities across its product portfolio, which includes OpenEdge, WhatsUp Gold, ShareFile, Loadmaster, MOVEit, and DevTools, while the integration of ShareFile has strengthened its SaaS capabilities and recurring revenues. The consensus earnings estimate for the upcoming quarter is $1.49 per share on revenue of $241.7 million, though the estimate has remained unchanged over the last 30 days. The stock currently carries a Zacks Rank #3, or Hold.
Progress Software Corporationoptimism around fiscal Q2 earnings guidance and acquisitions
CommVault Systems Inc