NasdaqGS - Delayed Quote USD

Progress Software Corporation (PRGS)

50.41 +0.22 (+0.44%)
At close: April 19 at 4:00 PM EDT
50.41 0.00 (0.00%)
After hours: April 19 at 4:13 PM EDT
Loading Chart for PRGS
DELL
  • Previous Close 50.19
  • Open 50.21
  • Bid 50.36 x 100
  • Ask 50.43 x 100
  • Day's Range 49.96 - 50.48
  • 52 Week Range 49.00 - 62.34
  • Volume 455,996
  • Avg. Volume 626,795
  • Market Cap (intraday) 2.179B
  • Beta (5Y Monthly) 0.94
  • PE Ratio (TTM) 32.52
  • EPS (TTM) 1.55
  • Earnings Date Jun 27, 2024 - Jul 1, 2024
  • Forward Dividend & Yield 0.70 (1.39%)
  • Ex-Dividend Date Jun 3, 2024
  • 1y Target Est 63.67

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

www.progress.com

2,284

Full Time Employees

November 30

Fiscal Year Ends

Recent News: PRGS

Performance Overview: PRGS

Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PRGS
6.85%
S&P 500
4.14%

1-Year Return

PRGS
11.79%
S&P 500
19.55%

3-Year Return

PRGS
15.49%
S&P 500
18.68%

5-Year Return

PRGS
21.57%
S&P 500
70.99%

Compare To: PRGS

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Statistics: PRGS

Valuation Measures

As of 4/20/2024
  • Market Cap

    2.18B

  • Enterprise Value

    2.76B

  • Trailing P/E

    32.50

  • Forward P/E

    10.72

  • PEG Ratio (5yr expected)

    5.36

  • Price/Sales (ttm)

    3.16

  • Price/Book (mrq)

    4.72

  • Enterprise Value/Revenue

    3.86

  • Enterprise Value/EBITDA

    12.64

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    9.67%

  • Return on Assets (ttm)

    4.99%

  • Return on Equity (ttm)

    15.81%

  • Revenue (ttm)

    714.9M

  • Net Income Avi to Common (ttm)

    69.16M

  • Diluted EPS (ttm)

    1.55

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    133.22M

  • Total Debt/Equity (mrq)

    154.26%

  • Levered Free Cash Flow (ttm)

    196.16M

Research Analysis: PRGS

Analyst Price Targets

60.00
63.67 Average
50.41 Current
67.00 High
 

Fair Value

Overvalued
% Return
50.41 Current
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Research Reports: PRGS

  • PRGS: What does Argus have to say about PRGS?

    PROGRESS SOFTWARE CORP has an Investment Rating of BUY; a target price of $56.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Bullish
    Price Target
     
  • Daily – Vickers Top Buyers & Sellers for 04/16/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     
  • PRGS: Lowering target price to $56.00

    PROGRESS SOFTWARE CORP has an Investment Rating of BUY; a target price of $56.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Bullish
    Price Target
     
  • PRGS: Lowering target price to $57.00

    PROGRESS SOFTWARE CORP has an Investment Rating of BUY; a target price of $57.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of High.

    Rating
    Bullish
    Price Target
     

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