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Progress Software Corp. (PRGS)
NASDAQ:PRGS
Progress Software (PRGS) Stock Price & Analysis
486 Followers
PRGS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$48.00 - $61.54
Previous Close$55.54
Volume368.27K
Average Volume (3M)426.57K
Market Cap
$2.38B
Enterprise Value$3.00B
Total Cash (Recent Filing)$190.42M
Total Debt (Recent Filing)$813.69M
Price to Earnings (P/E)33.9
Beta0.79
Next Earnings
Sep 24, 2024EPS Estimate
$1.14Next Dividend Ex-Date
Aug 30, 2024Dividend Yield1.26%
Share Statistics
EPS (TTM)1.64
Shares Outstanding43,218,086
10 Day Avg. Volume518,262
30 Day Avg. Volume426,569
Standard Deviation0.08
R-Squared0.39
Alpha-0.00367
Financial Highlights & Ratios
Price to Book (P/B)-3.02
Price to Sales (P/S)11.95
Price to Cash Flow (P/CF)7.50
P/FCF Ratio6.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.21
Enterprise Value/Gross Profit5.28
Enterprise Value/Ebitda12.15
Forecast
1Y Price Target
$62.80Price Target Upside13.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Progress Software News
PremiumCompany Announcements
Progress Software to Provide Supplemental Data Pre-ConferenceOwnership Overview
25.03% Insiders
38.67% Mutual Funds
35.75% Other Institutional Investors
0.54% 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 $61.54 in the past 12 months.
What is Progress Software Corp.’s market cap?
Currently, no data Available
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Sep 24, 2024 which is in 64 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Jun 25, 2024. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.954 by $0.136.
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 $0.17 which represents an annual dividend yield of 1.26%. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is $1.14.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 42,776,450 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.09 in its last earnings report, beating expectations of $0.954. Following the earnings report the stock price went up 12.813%.
Which hedge fund is a major shareholder of Progress Software Corp.?
Among the largest hedge funds holding Progress Software Corp.’s share is Diamond Hill Capital Management Inc. It holds Progress Software Corp.’s shares valued at 18M.
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Progress Software Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$62.80 (13.07% Upside)
$62.80 (13.07% Upside)
Blogger Sentiment
Bullish
PRGS Sentiment 66%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 140.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 3.7%
Last 30 Days ▼ 3.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.01%
12-Months-Change
Fundamentals
Return on Equity
17.86%
Trailing 12-Months
Asset Growth
-0.97%
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
Q2 2024
0:00 / 0:00
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PRGS Stock 12 Month Forecast
Average Price Target
$62.80
▲(13.07% Upside)
Technical Analysis
Best Analysts Covering PRGS
1 Year
1 Year Success Rate
5/7 ratings generated profit
1 Year Average Return
+11.64%
reiterated a buy rating 4 days ago
Copying Daniel Ives's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +11.64% per trade.
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