PRGS - Progress Software Corporation
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 38.33 |
| Open | 38.73 |
| Bid | 38.28 x 900 |
| Ask | 38.30 x 800 |
| Day's Range | 38.25 - 39.31 |
| 52 Week Range | 28.09 - 52.50 |
| Volume | 236,651 |
| Avg. Volume | 340,148 |
| Market Cap | 1.719B |
| Beta (5Y Monthly) | 1.12 |
| PE Ratio (TTM) | 37.26 |
| EPS (TTM) | 1.03 |
| Earnings Date | Sep 24, 2020 - Sep 28, 2020 |
| Forward Dividend & Yield | 0.66 (1.72%) |
| Ex-Dividend Date | Aug 31, 2020 |
| 1y Target Est | 45.67 |
Fair Value
Related Research
- Simply Wall St.
Progress Software Corporation Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Progress Software Corporation (NASDAQ:PRGS) recently reported its quarterly numbers. Progress...
- Simply Wall St.
A Look At The Intrinsic Value Of Progress Software Corporation (NASDAQ:PRGS)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Progress Software...
- Benzinga
A Look Into Progress Software's Price Over Earnings
In the current market session, Progress Software Inc. (NASDAQ: PRGS) is trading at $38.58, after a 2% increase. However, over the past month, the stock decreased by 4.50%, and in the past year, by 6.40%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently higher from its 52 week low by 37.34%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Application Software stocks, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Progress Software Inc. has a better P/E ratio of 45.55 than the aggregate P/E ratio of 22.57 of the Application Software industry. Ideally, one might believe that Progress Software Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Earnings Scheduled For June 25, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Zacks
Progress Software (PRGS) Lags Q2 Earnings Estimates
Progress Software (PRGS) delivered earnings and revenue surprises of -1.56% and 4.28%, respectively, for the quarter ended May 2020. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
Progress Software stock gains on raised outlook
Progress Software Corp. shares rose in the extended session Thursday after the cloud-based software company hiked its outlook for the year even as earnings fell short of Wall Street estimates. Progress Software shares rose 3% after hours, following a 3.1% rise in the regular session to close at $37.81. Progress Software forecast adjusted earnings of 69 cents to 71 cents a share on adjusted revenue of $104 million to $109 million for the third quarter, and $2.82 to $2.86 a share on adjusted revenue of $433 million to $443 million for the year. Previously, the company had forecast earnings of $2.73 to $2.80 a share on revenue of $428 million to $438 million for the year. Analysts surveyed by FactSet expect earnings of 64 cents a share on revenue of $105.1 million for the third quarter, and $2.78 a share on revenue of $432.6 million for the year. The company reported second-quarter net income of $17 million, or 37 cents a share, compared with $8.2 million, or 18 cents a share, in the year-ago period. Adjusted earnings were 63 cents a share, compared with 65 cents a share in the year-ago quarter. Revenue rose to $100.4 million from $100 million in the year-ago quarter, but declined on an adjusted basis to $102.5 million from $103.5 million in the year-ago period. Analysts had forecast adjusted earnings of 64 cents a share on adjusted revenue of $99.2 million. "We had solid performances across our segments and products, and our business has proven to be extremely durable, despite the ongoing economic disruption caused by COVID-19," said Progress Chief Executive Yogesh Gupta in a statement. "Our confidence in our ability to execute is reflected in our increased full-year guidance for revenue and EPS."
- GlobeNewswire
Progress 2020 Second Quarter Revenue Exceeds Guidance
Increases 2020 Guidance for Revenue and Earnings Per Share BEDFORD, Mass., June 25, 2020 -- Progress (NASDAQ: PRGS), the leading provider of application development and.
- ACCESSWIRE
Progress Software Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / June 25, 2020 / Progress Software Corp. (NASDAQ:PRGS) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on June 25, 2020 at 5:00 ...
- Benzinga
Earnings Scheduled For June 25, 2020
Companies Reporting Before The Bell • Accenture Inc. (NYSE:ACN) is expected to report quarterly earnings at $1.85 per share on revenue of $10.88 billion.• Worthington Industries Inc. (NYSE:WOR) is expected to report quarterly earnings at $0.25 per share on revenue of $669.70 million.• Darden Restaurants Inc. (NYSE:DRI) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.24 billion.• McCormick & Co Inc. (NYSE:MKC) is expected to report quarterly earnings at $1.10 per share on revenue of $1.31 billion.• FactSet Research Systems Inc. (NYSE:FDS) is estimated to report quarterly earnings at $2.43 per share on revenue of $376.03 million.• GMS Inc. (NYSE:GMS) is estimated to report quarterly earnings at $0.52 per share on revenue of $723.46 million.• Rite Aid Inc. (NYSE:RAD) is expected to report quarterly earnings at $0.38 per share on revenue of $5.61 billion.• Enerpac Tool Group Inc. (NYSE:EPAC) is expected to report quarterly earnings at $0.12 per share on revenue of $127.08 million.• Stratus Properties Inc. (NASDAQ:STRS) is estimated to report earnings for its first quarter.• Travelzoo Inc. (NASDAQ:TZOO) is estimated to report earnings for its first quarter.View more earnings on ACN• Unique Fabricating, Inc. Common Stock Inc. (AMEX:UFAB) is estimated to report earnings for its first quarter. Companies Reporting After The Bell • Nike Inc. (NYSE:NKE) is expected to report quarterly earnings at $0.09 per share on revenue of $7.53 billion.• Synnex Inc. (NYSE:SNX) is estimated to report quarterly earnings at $2.12 per share on revenue of $5.13 billion.• Progress Software Inc. (NASDAQ:PRGS) is estimated to report quarterly earnings at $0.62 per share on revenue of $98.33 million.• Aethlon Medical Inc. (NASDAQ:AEMD) is estimated to report quarterly earnings at $0.16 per share on revenue of $300.00 thousand.• CalAmp Inc. (NASDAQ:CAMP) is expected to report quarterly earnings at $0.05 per share on revenue of $75.29 million.• Interpace Biosciences Inc. (NASDAQ:IDXG) is estimated to report earnings for its first quarter.• Impac Mortgage Holdings, Inc. (AMEX:IMH) is estimated to report earnings for its first quarter.• Seanergy Maritime Hldgs Inc. (NASDAQ:SHIP) is estimated to report quarterly earnings at $0.27 per share on revenue of $23.13 million. See more from Benzinga * 11 Industrials Stocks Moving In Wednesday's Pre-Market Session * 13 Industrials Stocks Moving In Tuesday's Pre-Market Session * Benzinga's Top Upgrades, Downgrades For June 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- GlobeNewswire
Progress Announces Recipient of First Annual Mary Székely Scholarship for Women in STEM
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the recipient of the first Mary Székely Scholarship for Women in STEM. Kaya Dorogi, graduate of the Bancroft School in Worcester, Massachusetts, has been awarded this honor based on her academic achievement and her interest and experiences in STEM.
- GuruFocus.com
3 Low Forward Price-Earnings Ratio Stocks for the Value Investor
Bristol-Myers Squibb Company tops the list Continue reading...
- Zacks
Analysts Estimate Progress Software (PRGS) to Report a Decline in Earnings: What to Look Out for
Progress Software (PRGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
Progress Software Announces Details for Fiscal Second Quarter Earnings Release and Conference Call
BEDFORD, Mass., June 18, 2020 -- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced that it will.
- GlobeNewswire
Progress Breaks Down DevOps Barriers with DataDirect
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the availability of a set of new data connectors to improve the integration of analytics and reporting within the DevOps process. Complementing an expansive collection of pre-built, high-performing, standards-based data connectors, Progress has introduced connectors for TeamCity, GitHub, Aha!
- GlobeNewswire
Progress to Present at World Financial Symposiums’ Growth and Exit Strategies for Software and IT Companies Conference
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that Jeremy Segal, Senior Vice President of Corporate Development, will participate in the World Financial Symposiums’ Growth & Exit Strategies (WFS GXS) for Software and IT Companies: Managing & Selling During a Crisis – a virtual conference for Tech CEOs, founders, executives and investors. As the flagship WFS technology conference, WFS GXS for Software and IT Companies Conference 2020 typically explores critical topics in Tech M&A, such as investments, growth strategy, buyouts, sales and mergers.
- Insider Monkey
Hedge Funds Are Nibbling On Progress Software Corporation (PRGS)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
- GlobeNewswire
Progress Awarded 2020 SoftwareReviews Gold Medal for Managed File Transfer
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that SoftwareReviews, a division of IT research and advisory firm Info-Tech Research Group, has named Progress® MOVEit® a Gold Medal winner of the 2020 Managed File Transfer Data Quadrant1 Awards. This is the second consecutive year MOVEit has been given this designation.
- GlobeNewswire
Progress MOVEit 2020 Improves Secure File Transfer for Remote Workforces and Provides Native Support for Hybrid Cloud Architectures
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the release of Progress® MOVEit® 2020, the secure, automated Managed File Transfer (MFT) solution that can be deployed on-premises and in the cloud. “Demand for secure file transfer in hybrid environments has increased over the past few months as large files are being exchanged with remote team members and partners in virtual work environments,” said Stewart Bond, research director, Data Integration and Intelligence software research at IDC. “MOVEit 2020 is putting these abilities into the hands of non-technical users, while ensuring the security and integrity of sensitive data.”
- GlobeNewswire
Progress Announces Winners of the 2020 Sitefinity Website of the Year Awards
Thirteen winners worldwide recognized for their excellence in design, user experience and innovation BEDFORD, Mass., May 26, 2020 -- Progress (NASDAQ: PRGS), the leading.
- GlobeNewswire
Progress Appoints Jeremy Segal to the Role of Senior Vice President, Corporate Development
Progress (PRGS), a leading provider of application development and digital experience technologies, today announced the appointment of Jeremy Segal to the role of Senior Vice President, Corporate Development. In this role, Mr. Segal will lead Progress’ inorganic growth strategy to deliver sustained shareholder value through accretive acquisitions. Mr. Segal, who will report to Yogesh Gupta, CEO, and be part of the executive leadership team, will be responsible for sourcing, executing and integrating M&A targets.
- GlobeNewswire
6th Annual Progress Data Connectivity Survey Reveals Insights from 1,800+ IT and Business Professionals Worldwide
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the results of its 2020 Data Connectivity Survey. With more than 1,800 IT and business professionals from 13 industries worldwide participating, the results reveal new trends and areas of focus in enterprise data management, including system modernization, cloud migration, data protection and data quality. “The current crisis has brought data connectivity to the forefront as employees worldwide are working remotely,” said David Loshin, co-author of the 2020 Data Connectivity Survey report and a recognized data expert consultant in data quality, master data management, and business intelligence.
- GlobeNewswire
Progress Telerik is First to Market Again in .NET Components, with 40+ Blazor Components and .NET 5 Support in Latest Release
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the R2 2020 release of its leading lineup of developer tools including Progress® Telerik® and Progress® Kendo UI®. With this release, Progress now offers over 40 native components for Progress® Telerik® UI for Blazor, including WebAssembly compatibility, and more. In addition, Progress is the first to deliver support for Microsoft’s preview of .NET 5 – what it calls, “the future of .NET.”
- GlobeNewswire
Progress Sitefinity 13 Enables Seamless Digital Experience Delivery to Support Business Continuity
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the release of Progress® Sitefinity® 13 Digital Experience Platform. With this release, Progress introduces powerful capabilities for creating personalized digital experiences based on cognitive and data-driven insights.
- GlobeNewswire
Progress Expands Relationship with Microsoft to Deliver Faster, Easier Digital Experiences with Sitefinity
Progress (PRGS), a leading provider of application development and digital experience technologies, today announced it has expanded collaboration with Microsoft to further integrate Microsoft Azure services into the Progress® Sitefinity® digital experience management platform. As a full Platform-as-a-Service (PaaS) hosted on Azure, Progress® Sitefinity® Cloud is the first to integrate Azure’s state-of-the art DevOps services into its platform to drive developer productivity and enable easier, faster implementation of digital experiences.
- GlobeNewswire
Progress Announces New OpenEdge Release Supporting Application Evolution through Continuous Operations, Developer Productivity and Performance
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the release of Progress® OpenEdge® 12.2. OpenEdge application development platform customers and partners now benefit from Progress’ efforts to deliver on the market demands for highly available, high-performing and secure applications -- all while taking advantage of an agile development environment.
- GlobeNewswire
First-of-Its-Kind Industry Survey Identifies the Digital Experience Wants and Needs of App Dev, Web and Business Leaders Worldwide
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the results of its 2020 digital experience survey, “Digital Experiences: Where the Industry Stands.” In this first-of-its-kind survey, Progress gleaned insights from more than 900 app dev, web, marketing and business leaders around the world, to get a greater indication of their priorities surrounding digital experience. Based on a series of 30+ questions, the survey findings indicate that businesses see digital experience as a growing priority and a key to their success, with execution requiring a more integrated approach across development, IT and business users.
