PROGRESS SOFTWARE (PRGS)

EARNINGS RELEASE THURSDAY- JUNE 27 (AMC)

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JUMP REPORT

Avg Daily Volume: 462,701    Market Cap: 1.83B 
Sector: Technology    Short Interest: 3.69

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:   .57/share    REV:  98.2/M
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     LAST QTR:  EPS:   .47/share    ACTUAL: .50/share  (BEAT)
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     NEXT QTR:  EPS:   .66/share     REV: 110.8/M
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     FULL YR:     EPS:   2.51/share     REV: 423/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 70% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 2.25, -11.93, -18.4

POTENTIAL JUMP MOVE:  10-12%

Links To Latest News and Headlines

New Chef Infrastructure Management, Chef App Delivery, Chef Premium Content and ‘Learn Chef’ skills validation program makes portfolio easier to adopt and scale for both new and experienced usersBEDFORD, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRSG), the leading provider of products to develop, deploy and manage high-impact business applications, today announced a number of new innovations designed to facilitate adoption and at-scale deployment of Chef offerings for both new and experienced users of the industry-leading DevSecOps portfolio. Progress announced completion of the Chef acquisition on October 6 and is extending the value and reach of its platform for application development and deployment to DevSecOps practitioners worldwide. Innovations introduced today include workload-aligned offerings for Chef® Infrastructure Management and Chef® App Delivery, enhancements to the Chef® Compliance offering including cloud target scanning and Chef® Premium Content, and the addition of a new ‘Learn Chef’ skills validation program. “Global enterprises need application automation solutions that enable them to apply a technology-agnostic and modular approach to defining, packaging and delivering application and infrastructure across on-prem, hybrid and cloud environments,” said Jim Mercer, research director, DevOps & DevSecOps, IDC. “Tighter collaboration among multi-disciplinary teams, spanning from developers and designers to DevOps professionals and data analysts, enables greater responsiveness to customers while improving security and compliance outcomes. Vendors that provide a full suite of solutions to help them meet those needs can add significant value in the market today.”The Chef® DevSecOps portfolio bridges silos in global enterprises, enabling application, DevOps and security teams to work closely together to define everything–including compliance policies, infrastructure, and application delivery requirements–as code. Providing a common DevSecOps language that can be shared, scaled, and automated to improve the software development lifecycle helps teams shift left to accelerate their digital transformations and truly embrace the power of the cloud.New innovations include: * Chef Infrastructure Management: Built atop Chef® Infra® and Chef® Automate™, this eases secure infrastructure management at scale while delivering actionable insights to DevSecOps professionals. Chef Infrastructure Management provides performance improvements, simpler deployment, easier manageability and helps organizations reduce upgrade times from weeks to hours. * Chef App Delivery: Built atop Chef® Habitat®, Chef Infra and Chef Automate, this enables users to define, package and deliver applications faster. Enhanced access management and deeper integration among tools, along with new documentation, resources, and training, enables users to deploy applications to production 90% faster and reduce app maintenance overhead by 80%. * Compliance Enhancements and Chef Premium Content: Cloud Target Scanning enables users to easily scan an extensive set of cloud resources across all major public cloud providers. A new content delivery service provides cloud-based access to a growing library of curated, CIS-certified, up-to-date Chef Premium Content for compliance scanning and remediation. * ‘Learn Chef’ Skills Validation Program: Built on the ‘Learn Chef’ platform and the OpenBadges Standard, this program provides validation levels based on online course and exam completion. It enhances the Chef partner program by providing a fast track to staff training and helps customers capture value faster through efficient, meaningful, validated skill-building tracks.“The innovations announced today deliver on our commitment to open source software, accelerating Chef’s momentum and accelerating Progress’ growth in the DevSecOps space,” said Sundar Subramanian, General Manager, Chef Business, Progress. “By building workload-aligned products that make it easy for IT roles to collaborate and enable broad enterprise adoption, we are making it easier for our existing and prospective customers to adopt, use and achieve faster time to value with Progress and Chef.”Additional Resources * Follow Progress on Twitter, Facebook and LinkedIn * Read the Progress blogAbout Progress Progress (NASDAQ: PRGS) provides the best products to develop, deploy and manage high-impact business applications. Our comprehensive product stack is designed to make technology teams more productive and we have a deep commitment to the open source community. With Progress, organizations can accelerate the creation and delivery of strategic business applications, automate the process by which apps are configured, deployed and scaled, and make critical data and content more accessible and secure—leading to competitive differentiation and business success. Over 1,700 independent software vendors, 100,000+ enterprise customers, and a three-million-strong developer community rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473.Progress, Infra, Habitat, Automate, and Chef are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.Press Contact: Kim Baker           Progress         +1 781-280-4000           pr@progress.com

Award-winning WhatsUp Gold enables district’s IT team to actively monitor devices that support 2,500 students, faculty and staff, and the 600GB of daily network traffic they generate BEDFORD, Mass., Oct. 27, 2020 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced that the Danville Area School District (DASD), a midsized rural public school district that spans portions of two counties in Pennsylvania, has implemented Progress® WhatsUp® Gold network monitoring to shift seamlessly to a stable environment for remote learning.Even prior to the global pandemic, maintaining a stable network infrastructure presented unique challenges to IT administrators in education. Now, with school closures sparking a dramatic uptick in the amount of traffic traveling through the network, many IT teams are scrambling. The DASD technology team had weeks to get the Danville Area School District's 2,500 students, staff, and faculty online and fully supported for remote learning in time for the first day of school.To make the transition to remote learning as smooth as possible, DASD used WhatsUp Gold as its network monitoring solution, as it satisfied three major requirements: * Easy implementation, with the IT team able to discover devices and create a network map within hours * Detailed statistics and insightful reports into device usage, traffic flow, disk utilization and other critical network benchmarks * At-a-glance visibility into the entire network, enabling proactive network monitoring WhatsUp Gold enables the district’s IT team to actively monitor nearly 100 infrastructure devices, including switches, routers, servers, Wi-Fi access points and more. With at-a-glance network visibility and real-time alerts sent straight to their phones, the IT team is able to fix errors and identify network usage anomalies well before they’re noticed by end-users.“Our goal has always been to provide a cost-effective yet reliable infrastructure that could sustain business needs while maintaining a thriving learning environment for students,” said Jeff Ryan, Director of Information Technology, Danville Area School District. “We don’t like to be surprised when something goes down. That’s why we love the WhatsUp Gold dashboard. We can customize it with what’s important to us – we get an instant snapshot of our entire network.”In addition, WhatsUp Gold network monitoring has given the district’s IT team complete confidence they would be able to handle the workload as the district switched to a hybrid learning model. The school district was able to roll out additional Chromebooks to kindergartners, knowing the network could take the additional traffic.“Even prior to the COVID-19 health crisis, monitoring networks for remote users could be challenging,” said John Ainsworth, SVP, Core Products, Progress. “Today, the stark increase in remote learning means that there has been a sharp rise in traffic traveling through remote-access networks. As more school districts have moved or faced a return to distance learning as a result of the pandemic, we have seen a rise in interest from the education industry. From K-12 schools to universities, WhatsUp Gold can enable IT teams to actively monitor their networks with at-a-glance visibility and real-time alerts.”Progress WhatsUp Gold network monitoring solution enables small and midsized businesses and enterprises to continuously monitor and manage their IT infrastructure and applications, ensuring high levels of performance and availability. WhatsUp Gold 2020 makes it easier than ever to find and fix problems fast with improvements to usability, scalability, integration and mapping and reporting.To learn more about how customers use WhatsUp Gold, visit the WhatsUp Gold resource center. You can also register for the webinar, “Learn How Danville Area School District Shifted Seamlessly to Remote Learning with WhatsUp Gold,” on Oct. 28, 2020.Additional Resources * Follow Progress on Twitter, Facebook and LinkedIn * Read the Progress blogAbout Progress Progress (NASDAQ: PRGS) offers the leading platform for developing and deploying strategic business applications. We enable customers and partners to deliver modern, high-impact digital experiences with a fraction of the effort, time and cost. Progress offers powerful tools for easily building adaptive user experiences across any type of device or touchpoint, leading data connectivity technology, web content management, business rules, secure file transfer and network monitoring. Over 1,700 independent software vendors, 100,000 enterprise customers, and two million developers rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473. Progress and WhatsUp are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.Press Contact:                                                                  Kim Baker                                                                           Progress                                                                           +1 781-280-4000                                                          pr@progress.com

New connectors for CRM, marketing automation and marketing analytics bridge the data gap for insight-driven marketing effectivenessBEDFORD, Mass., Oct. 20, 2020 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced the launch of a new set of Progress® DataDirect® connectors to help organizations overcome the challenge of accessing data from disparate marketing technology applications. The set includes connectors for popular CRM, marketing automation and web analytics platforms such as Google Analytics, HubSpot, Microsoft Dynamics 365 and Oracle Eloqua.With thousands of martech products and solutions available to address CRM, marketing automation, marketing analytics and more, businesses need a better way to connect the data produced by these various data sources to turn the information into actionable insights. At the same time leading BI, analytics and emerging Customer Data Platform (CDP) vendors need to extend their connections to key marketing apps to help customers access disparate sources.The Progress DataDirect series of martech connectors provide marketing operations and IT teams and analytics vendors with access to near real-time information. This offers a better view into the performance of campaigns and marketing spend. Those charged with creating the connections to the data, such as operations and IT professionals, can spend less time on data discovery and custom coding, thus freeing themselves up to do other tasks.“Having the right information at your fingertips to make real-time decisions is critical to the success of any marketing organization, but most businesses have multiple systems, each addressing critical functions, so pulling together that data into a single source of truth is extremely challenging,” said John Ainsworth, SVP, Core Products, Progress. “Continuing with our focus on providing the tools necessary to build high-impact business applications, the Progress DataDirect martech connectors ease that burden by providing a bridge between systems—not only giving marketers what they need, but also lessening the pressure on IT to build custom integration points.”The new Progress DataDirect connectors: * Support BI developers and data analysts tasked with manual data discovery, by providing a relational view of the data. * Reduce the time needed for creating custom-coding solutions by accessing data through one unified data warehouse or set of reporting tools. * Highlight trends in data to show the performance of marketing programs and budget, especially when compared across channels and platforms. * Secure faster throughput of data which leads to improved sales pipelines and productivity. * Offer continued commitment to the secure transfer of data and 24/7 customer support. “For many years, we’ve seen companies use connectors to access disparate data sources to improve their business functions,” said Stewart Bond, research director, Data Integration and Intelligence software research at IDC. “These new martech connectors from Progress expand the number of connectivity options available for bringing all data from disparate silos together into one single dashboard, enabling companies to make faster and more accurate decisions, measure success in a more tangible way and plan better.”To learn more about the new connectors go to https://www.progress.com/data-connectivity/martech, or register for the MarTech Today webinar, “Essential Data Connectivity: IT Hacks for Your Martech Stack,” Oct. 22, 2020.Additional Resources * Follow Progress on Twitter, Facebook and LinkedIn * Read the Progress blogAbout Progress Progress (NASDAQ: PRGS) offers the leading platform for developing and deploying strategic business applications. We enable customers and partners to deliver modern, high-impact digital experiences with a fraction of the effort, time and cost. Progress offers powerful tools for easily building adaptive user experiences across any type of device or touchpoint, leading data connectivity technology, web content management, business rules, secure file transfer and network monitoring. Over 1,700 independent software vendors, 100,000 enterprise customers, and two million developers rely on Progress to power their applications. Learn about Progress at www.progress.com or +1-800-477-6473.Progress and DataDirect are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.Press Contacts: Kim Baker Progress +1 781-280-4000 pr@progress.com

Progress Software (PRGS) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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