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.
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.
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This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.