ByPeter Cohan,
Senior Contributor.
Progress Software's stock fell 36% in 2025, primarily due to a MOVEit data breach lawsuit carrying potential financial liabilities from $30 million to over $500 million, overshadowing strong earnings and AI integration.
The company's growth strategy, heavily reliant on acquisitions, has led to substantial debt and concerns about weak organic growth and competitive market positioning, making the bear case compelling.
Progress Software stock has fallen 36% in 2025.
