Progress Software Corporation (PRGS) — closed signal from September 30, 2025
Partial Published before the outcome was known, scored automatically when the window closed on December 29, 2025 — -4.3% at the close.
Predicted vs. what happened
What happened
Reached 19% of the predicted growth at its peak, without hitting the target.
The thesis — published September 30, 2025
Progress Software beat expectations on 9-30 and raised its outlook, noting faster growth from AI and the ShareFile tie-in. That improved sentiment and trading, with lots more people buying than usual. The recent average price trend looks positive, so we prefer buying dips over chasing a quick run-up. Guidance to $975M-$981M revenue and higher EPS sets clear near-term targets, and solid execution supports likely follow-through next quarter.
Primary drivers
- 9-30 results topped forecasts, and management raised its outlook
- AI features plus the ShareFile tie-in are speeding customer adoption
- Buying interest is strong, with far more trading than usual
- Better delivery on plans and clearer view of upcoming revenue
How it played out
PRGS: the 21% target was not reached
Lyra published PRGS on 2025-09-30 at $45.56, with expected growth of 21% and a target of $55.13. The thesis pointed to results that topped forecasts, a raised outlook, artificial intelligence features, the ShareFile tie-in, stronger buying interest, and a clearer view of upcoming revenue.
Inside the window, PRGS peaked at $47.37 on 2025-10-03. That was a 4% peak gain, but it stayed below the $55.13 target. It never got there. By 2025-12-29, the stock ended at $43.60. The thesis partially played out on early price strength, then missed the target by the end of the window.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Read the next call before it closes.
This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.