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 2021 release provides developers with 24+ new components, even more advanced capabilities and support for Angular 11 and React 17 BEDFORD, Mass., Jan. 20, 2021 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced the new release of Progress® Kendo UI®, the industry’s most complete collection of JavaScript UI components. Today’s release includes more than 24 new UI components across all Kendo UI libraries, support for Angular 11 and React 17 as well as major enhancements for some of its most popular components. Kendo UI is the ultimate collection of JavaScript UI components with native libraries for the widely used frameworks—Angular, React, Vue and jQuery. Kendo UI enables developers to quickly build eye-catching, high-performance, responsive web applications and to effortlessly deploy a consistent look and feel, using rich styling options and customizable themes. New to Kendo UI® JavaScript component libraries: Kendo UI® for Angular: With a number of new components available including DropDownTree, MultiColumnComboBox, TileLayout, FloatingActionButton and more, Kendo UI for Angular brings to market support for Angular 11 and unprecedented levels of simplicity, consistency and customization capabilities. KendoReact™: KendoReact is the only UI library React developers need to speed business app development. This release includes new components, such as TileLayout, DropDownTree, MultiColumnComboBox, FloatingActionButton, BottomNavigation, ListBox, Icon and SvgIcon, and feature improvements, including built-in keyboard navigation as well as user interface enhancements. KendoReact offered zero-day support for React 17. Kendo UI® for Vue: The new release of Kendo UI for Vue, the most comprehensive commercial library of native Vue components on the market, provides a rich set of features and customizable functionality. It offers new native components, including MultiSelect, Window, TimePicker, DateTimePicker and Slider. The Grid provides keyboard navigation and a multi-select option on the column menu. Kendo UI® for jQuery: Kendo UI for jQuery is the complete jQuery UI component library that enables developers to quickly build high-performance responsive web applications. The library has new components, including a FloatingActionButton, BottomNavigation, ExpansionPanel, RadioGroup, CheckboxGroup. New features enhancements include export capabilities, sorting, table alignment, keyboard navigation and more. “We are extremely proud of the R1 2021 release of the Kendo UI product line as it brings to market a robust set of new components and many feature enhancements,” said Loren Jarrett, GM, Developer Tools Business, Progress. “Kendo UI continues to lead the market by providing smart solutions to challenging problems that let developers create high quality, modern, engaging applications faster than ever before.” The R1 2021 release is available today. To learn more about the new capabilities and features, go to https://www.telerik.com/support/whats-new-kendo-ui or register for the live R1 2021 Kendo UI release webinar on Jan. 29 or tune in to Twitch to see them in action. Additional Resources Follow Progress on Twitter, Facebook and LinkedInRead the Progress blog About ProgressProgress (NASDAQ: PRGS) provides the leading 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 developer community, both open source and commercial alike. 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, KendoReact, and Kendo UI 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

Progress Telerik releases 26 new components and enhanced Telerik Reporting capabilities such as support for .NET 5 Official and a next-level report engine BEDFORD, Mass., Jan. 20, 2021 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced the R1 2021 release of Progress® Telerik®, the most powerful .NET software developer tools collection available. With this release, Progress expands its leadership position for Blazor by now offering more than 65 native UI components and over 100 grid features. In addition, the new release adds to Telerik Reporting support for .NET 5 Official and a next-level report engine. Progress will host a release webinar on Tuesday, January 26, 11 am–1 pm ET. Progress® Telerik® UI for Blazor empowers developers to build high-performance, attractive applications in half the time. With the new UI components, including Splitter, Slider, Range Slider and Loader Container, developers can quickly control layout, select numerical values and improve the user experience related to data and operations while the app is loading. New Grid capabilities include Loading Animation, Load Groups on Demand and Multi-Checkbox Filters. “Blazor continues to be the top choice for many developers, enabling them to quickly build and deploy apps, leveraging their existing .NET skills,” said Loren Jarrett, GM, Developer Tools, Progress. “We’ve made it our mission to be the de facto standard for native Blazor UI components. With this release, we continue to deliver on that promise to developers, adding new powerful capabilities and enhancements with the most native Blazor components available anywhere.” Telerik ReportingThe next-level Report Engine provides significant enhancements to the popular Telerik® Reporting. The new release provides an improved Web Report Designer, easier to implement form type reports, industry-leading vector representation of SVG images in PDF documents and enhanced stability of the report pagination. Progress has also included a bonus ability to dynamically change the height of the PageHeader and PageFooter sections using Bindings. Telerik Reporting also now ships with support for .NET 5 Official, which includes WPF Report Viewer, WinForms Report Viewer and Report Web Service, to support web and desktop apps of any flavor. In addition, Progress released a multitude of new components and enhancements across its product portfolio, including: Telerik® UI for ASP.NET Core and Telerik® UI for ASP.NET MVC: New components include Floating Action Button, Bottom Navigation, Expansion Panel and more. Progress has also released enhancements to the Grid and Editor components. The Keyboard Navigation and Accessibility of the ScrollView, Drawer, Timeline, TileLayout components have been improved and Telerik UI for ASP.NET Core provides support for .NET 5 Official and new Visual Studio Code Wizard.Telerik® UI for ASP.NET AJAX: A Breadcrumb component is available, and the Grid Export has been enhanced. The Telerik Document Processing now includes WordsProcessing support for content controls and more. Telerik® UI for WPF: A New CardView control is added along with accessibility improvements. TileList now supports horizontal layout, PdfViewer is compatible with Type 3 fonts and WordsProcessing supports content controls.Telerik® UI for WinForms: A Toast Notification Manager component and a PictureBox control with SVG support and pan and zoom are added. The release brings a new Office 2019 theme, PdfViewer support for Type 3 fonts and WordsProcessing support for content controls. Telerik® UI for WinUI: New components include Ribbon, BarCode, Rating, BusyIndicator and Pagination.Telerik® UI for Xamarin: An official release of the RichTextEditor component, new TabView and DataGrid features and improvements and DarkMode support for all controls in the suite are now available.Telerik® Reporting and Telerik® Report Server: The Web Report Designer is integrated into Visual Studio for Reporting, plus a new and advanced Report Engine is released. The suite offers support for .NET 5 Official for Reporting. Telerik® Test Studio® Dev Edition: The Test Studio Recorder UI is redesigned and offers improved UX. The speed and performance of element-highlighting features has been optimized and a new recorder panel interface is available. The suite includes improved translators for Telerik UI for Blazor Window and Grid support for grouping, sorting and expanding/collapsing group Grid actions. The release offers a new Test Studio UI theme with dark mode for seamless optical integration into Visual Studio. Telerik® JustMock: The speed and performance of the executing unit are optimized. A new Debug Window with enhanced UI/UX improves the debugging experience. The R1 2021 release is available today. To learn more about the new capabilities and features, go to https://www.telerik.com/support/whats-new or register for the live R1 2021 Telerik release webinar or tune in to Twitch to see them in action. Additional Resources Follow Progress on Twitter, Facebook and LinkedInRead the Progress blog About ProgressProgress (NASDAQ: PRGS) provides the leading 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 developer community, both open source and commercial alike. 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, Telerik and Test Studio 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

Progress developer tools—Telerik and Kendo UI—awarded top ratings for excellence in software tools by end users BEDFORD, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) — Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that TrustRadius, the trusted review site for business technology, has recognized Progress® Telerik® and Progress® Kendo UI®, the most powerful collection of developer tools in the industry, with the 2021 “Best Feature Set, Customer Support and Usability” Awards in the Software Components category. The awards are based entirely on customer reviews, submitted over the past 12 months. “What makes these awards so special and important to us is that they come from our customers—the developers who work with our products on a daily basis,” said Loren Jarrett, GM, Developer Tools, Progress. “We couldn’t be happier to hear how valuable our tools are to our customers and how essential our partnership has been to their success.” To win each of the awards, Progress had to receive a number of new TrustRadius reviews in the past year that highly rated the feature sets, customer support or usability of Telerik and Kendo UI. Additional vetting via textual review analysis was also performed by the TrustRadius research team. Some of the user reviews include: “We’ve been using Telerik products for 8+ years mostly for web application development. Telerik UI has helped us speed up our development and release cycles. The stability of the components has helped us provide а stable and consistent user experience.” – Senior Manager, Computer Software “Telerik UI is very easy to use, and we got this feedback from our users. It looks good and feels good to use.” – Software Engineer, Computer Science“The [Telerik] controls save us tons of time on what it would take to build an equivalent user experience from scratch. All of these components have worked well, and support has been fast and generally helpful.” – Senior Software Engineer, Information Technology & Services“Kendo UI enables us to provide a powerful and consistent UI across all applications for the organization. Components such as the Grid and the Combobox are used and customized extensively. Users enjoy a consistent experience across all applications.” – Application Architect, Government Services“The [Progress] support quality is the best compared to any organization I’ve dealt with.” – Senior Software Engineer, Information Technology & Services Trusted by over 140,000 developers, Telerik and Kendo UI developer tools provide the most modern, feature-rich and professionally designed UI components for web, desktop and mobile applications across the most popular .NET technologies and JavaScript frameworks. Leading the market for Blazor, Telerik developer tools include the richest library of truly native UI components, enabling developers to quickly build outstanding applications. It also includes reporting and report management solutions, document processing libraries, automated testing and mocking tools. With Kendo UI, developers have more than 230 customizable UI components for the most popular JavaScript frameworks—Angular, React, Vue and jQuery. Kendo UI empowers developers to speed development time by as much as 50 percent. TrustRadius is a trusted customer voice and insights platform. With its verified reviews and ratings, it helps over 1 million B2B technology buyers monthly make informed decisions and technology vendors acquire and retain customers. For more information about Progress Telerik and Progress Kendo UI, go to https://www.telerik.com. Additional Resources Follow Progress on Twitter, Facebook and LinkedInRead the Progress blog About ProgressProgress (NASDAQ: PRGS) provides the leading 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 developer community, both open source and commercial alike. 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, Kendo UI and Telerik 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

Progress Software shares fell, even as two analysts raised their price targets. The company swung to a quarterly profit and issued a mixed outlook.

Stock futures fell Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package and after big U.S. banks kicked off the fourth-quarter earnings season. Here are some of the top movers during premarket trading on Friday.

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