Progress Software Corporation (NASDAQ:PRGS) is one of the best small cap low volatility stocks to invest in. Oppenheimer analyst Ittai Kidron maintained a Buy rating on Progress Software Corporation (NASDAQ:PRGS) on July 21, setting a price target of $70.00.
A software engineer working in front of a computer, surrounded by code.
Progress Software Corporation reported its fiscal Q2 2025 results on June 30, with revenue for the quarter rising to $237 million, experiencing a 36% year-over-year growth on an actual currency basis and 35% growth on a constant currency basis.
Annualized recurring revenue increased 46% year-over-year on a constant currency basis to $838 million, while operating margin was 16%.
Progress Software Corporation also reported diluted earnings per share of $0.39 in fiscal Q2 2025 compared to $0.37 in the same quarter last year, reflecting a growth of 5%.
Progress Software Corporation provides products and solutions that develop and deploy mission-critical business applications, including Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, and more.
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This article is originally published at Insider Monkey.
