Progress Software will announce Q4 and fiscal year 2024 financial results on January 21, 2025, with a conference call at 5:00 p.m. ET.
Quiver AI Summary
Progress Software Corporation announced that it will release its financial results for the fiscal fourth quarter and year 2024 after market close on January 21, 2025. Following the release, the company will host a conference call at 5:00 p.m. ET to discuss the results. The fiscal year ended on November 30, 2024. Participants can access the call via a live webcast or by phone, with a recommendation to join 15 minutes early to avoid delays. An archived version of the call will be available on its Investor Relations webpage. Progress provides AI-powered software solutions to help organizations navigate change, with a significant user base among developers and enterprises.
Potential Positives
- Progress is set to release its financial results for fiscal year 2024, indicating transparency and accountability to investors.
- The scheduled conference call allows for direct engagement with stakeholders, enhancing communication and investor relations.
- The company highlights its position as a trusted provider in AI-powered digital experiences, showcasing its expertise and market relevance.
- Progress's large user base of over 4 million developers illustrates substantial market adoption and confidence in its products.
Potential Negatives
- The announcement of an upcoming financial results release may imply that there is noteworthy financial information that could impact investor confidence.
- No specific financial performance metrics or highlights were provided in the release, which may raise concerns about the company's performance.
- The timing of the financial results call may suggest that uncertainty or volatility exists in the company’s latest performance, drawing attention to potential issues from the previous fiscal year.
FAQ
When will Progress release its financial results for fiscal Q4 2024?
Progress will release its financial results after market close on January 21, 2025.
What time is the conference call to discuss the financial results?
The conference call will be held at 5:00 p.m. ET on January 21, 2025.
How can I access the live webcast of the conference call?
A live webcast of the conference call can be accessed through a provided link in the press release.
Where can I find the archived version of the conference call?
The archived version will be available on the Progress Investor Relations webpage after the call.
What does Progress Software specialize in?
Progress Software specializes in AI-powered digital experiences and infrastructure software for organizational success.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PRGS Insider Trading Activity
$PRGS insiders have traded $PRGS stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $PRGS stock by insiders over the last 6 months:
- LOREN JARRETT (EVP/GM Digital Experience) has traded it 2 times. They made 0 purchases and 2 sales, selling 11,627 shares.
- SUNDAR SUBRAMANIAN (EVP/GM Infrastructure Mgmt) sold 649 shares.
- DOMENIC LOCOCO (Chief Accounting Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 6,386 shares.
- IAN PITT (Chief Information Officer) sold 1,747 shares.
- ANTHONY FOLGER (Chief Financial Officer) has traded it 2 times. They made 0 purchases and 2 sales, selling 7,797 shares.
- YUFAN STEPHANIE WANG (Chief Legal Officer) sold 1,428 shares.
- YOGESH K GUPTA (Chief Executive Officer) sold 8,028 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PRGS Hedge Fund Activity
We have seen 156 institutional investors add shares of $PRGS stock to their portfolio, and 131 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LEUTHOLD GROUP, LLC added 371,026 shares (+958.1%) to their portfolio in Q3 2024
- BNP PARIBAS FINANCIAL MARKETS added 260,008 shares (+722.4%) to their portfolio in Q3 2024
- NOMURA HOLDINGS INC added 259,240 shares (+36.6%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC added 256,481 shares (+222.1%) to their portfolio in Q3 2024
- SEGALL BRYANT & HAMILL, LLC added 251,125 shares (+74.2%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 225,161 shares (-94.9%) from their portfolio in Q3 2024
- BARCLAYS PLC added 215,034 shares (+124.3%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BURLINGTON, Mass., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced that it will release financial results for its fiscal fourth quarter and fiscal year 2024 after the market close on Tuesday, January 21, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s fiscal year ended on November 30, 2024.
Conference Call Details
A live webcast of the call will be available using
this link
.
To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants to dial into the conference call 15 minutes ahead of the scheduled start time.
An archived version of the conference call and supporting materials will be available on the Progress Investor Relations webpage after the live conference call.
About Progress
Progress
(Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at
www.progress.com
.
Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
| Investor Contact: | Press Contact: | |
| Michael Micciche | Jeff Young | |
| Progress Software | Progress Software | |
| +1 781-850-8450 | +1 781-280-4000 | |
| [email protected] | [email protected] | |
Source: Progress Software Corporation
