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Progress Software Corp. (PRGS)
NASDAQ:PRGS
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PRGS Stock Chart & Stats
Day’s Range― - ―
52-Week Range$48.00 - $70.56
Previous CloseN/A
Volume81.75K
Average Volume (3M)493.16K
Market Cap
$2.72B
Enterprise Value$3.12B
Total Cash (Recent Filing)$249.75M
Total Debt (Recent Filing)$120.00M
Price to Earnings (P/E)33.9
Beta0.63
Next Earnings
Jan 21, 2025EPS Estimate
1.22Next Dividend Ex-DateN/A
Dividend Yield1.09%
Share Statistics
EPS (TTM)1.87
Shares Outstanding42,905,025
10 Day Avg. Volume311,017
30 Day Avg. Volume493,156
Standard Deviation0.08
R-Squared0.38
Alpha0.00110
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.85
Price to Cash Flow (P/CF)11.90
P/FCF Ratio11.40
Enterprise Value/Market Cap1.15
Enterprise Value/Revenue4.36
Enterprise Value/Gross Profit5.50
Enterprise Value/Ebitda11.45
Forecast
1Y Price Target
$76.00Price Target Upside20.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Progress Software News
PremiumCompany Announcements
Progress Software Expands with ShareFile Acquisition
Ownership Overview
1.59% Insiders
36.13% Mutual Funds
0.01% Other Institutional Investors
29.56% Public Companies and Individual Investors
PRGS FAQ
What was Progress Software Corp.’s price range in the past 12 months?
Progress Software Corp. lowest stock price was $48.00 and its highest was $70.56 in the past 12 months.
What is Progress Software Corp.’s market cap?
Progress Software Corp.’s market cap is $2.72B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Jan 21, 2025 which is in 11 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Sep 24, 2024. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.136 by $0.124.
Is Progress Software Corp. overvalued?
According to Wall Street analysts Progress Software Corp.’s price is currently Undervalued.
Does Progress Software Corp. pay dividends?
Progress Software Corp. pays a N/A dividend of $0.522 which represents an annual dividend yield of 1.09%. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.22.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 42,905,025 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.26 in its last earnings report, beating expectations of $1.136. Following the earnings report the stock price went up 11.846%.
Which hedge fund is a major shareholder of Progress Software Corp.?
Currently, no hedge funds are holding shares in PRGS
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Progress Software Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$76.00 (20.01% Upside)
$76.00 (20.01% Upside)
Blogger Sentiment
Neutral
PRGS Sentiment 67%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 17.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 4.1%
Last 30 Days ▲ 4.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.10%
12-Months-Change
Fundamentals
Return on Equity
18.98%
Trailing 12-Months
Asset Growth
1.40%
Trailing 12-Months
Company Description
Progress Software Corp.
Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.
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PRGS Company Deck
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PRGS Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
Progress Software's Q3 2024 earnings call presented a largely positive outlook with strong financial performance and strategic acquisition plans. While the suspension of dividends and initial negative cash flow impact from the ShareFile acquisition are concerns, the overall sentiment is positive given the company's growth prospects and regulatory clearance on past issues.Read More>---
PRGS Stock 12 Month Forecast
Average Price Target
$76.00
▲(20.01% Upside)
Technical Analysis
Best Analysts Covering PRGS
1 Year
1 Year Success Rate
6/6 ratings generated profit
1 Year Average Return
+14.23%
reiterated a buy rating 4 months ago
Copying Daniel Ives's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +14.23% per trade.
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