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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)662.65K
Market Cap
$2.30B
Enterprise Value$4.54B
Total Cash (Recent Filing)$249.75M
Total Debt (Recent Filing)$120.00M
Price to Earnings (P/E)34.4
Beta0.55
Next Earnings
Jan 21, 2025EPS Estimate
1.06Last Dividend Ex-Date
Aug 30, 2024Dividend Yield1.32%
Share Statistics
EPS (TTM)1.55
Shares Outstanding43,369,670
10 Day Avg. Volume971,526
30 Day Avg. Volume662,648
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)3.05
Price to Cash Flow (P/CF)29.20
P/FCF Ratio34.30
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue6.34
Enterprise Value/Gross Profit7.99
Enterprise Value/Ebitda16.63
Forecast
1Y Price Target
$73.60Price Target Upside28.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Progress Software News
Ownership Overview
1.59% Insiders
36.13% Mutual Funds
0.17% Other Institutional Investors
29.50% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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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 $2.30B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Jan 21, 2025 which is 12 days ago.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Jan 21, 2025. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.215 by $0.115.
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 Quarterly dividend of $0.522 which represents an annual dividend yield of 1.32%. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.06.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 43,369,670 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.33 in its last earnings report, beating expectations of $1.215. Following the earnings report the stock price went down -9.855%.
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:
$73.60 (28.38% Upside)
$73.60 (28.38% Upside)
Blogger Sentiment
Neutral
PRGS Sentiment 50%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 17.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 7.2%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-9.74%
12-Months-Change
Fundamentals
Return on Equity
15.60%
Trailing 12-Months
Asset Growth
57.66%
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
Q4 2025
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in FY '24 with significant ARR growth, a successful acquisition, and positive regulatory outcomes. However, there are concerns about the high debt levels and their impact on future earnings, as well as the initial low operating margins from the ShareFile acquisition.Read More>---
PRGS Stock 12 Month Forecast
Average Price Target
$73.60
▲(28.38% Upside)
Technical Analysis
Best Analysts Covering PRGS
1 Year
1 Year Success Rate
7/12 ratings generated profit
1 Year Average Return
+3.53%
reiterated a buy rating 11 days ago
Copying Ittai Kidron's trades and holding each position for 1 Year would result in 58.33% of your transactions generating a profit, with an average return of +3.53% per trade.
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