NasdaqGS - Delayed Quote USD

Progress Software Corporation (PRGS)

50.34 -0.36 (-0.71%)
At close: 4:00 PM EDT
50.34 0.00 (0.00%)
After hours: 4:20 PM EDT
Key Events
Loading Chart for PRGS
DELL
  • Previous Close 50.70
  • Open 50.86
  • Bid 50.28 x 100
  • Ask 50.38 x 100
  • Day's Range 50.17 - 51.10
  • 52 Week Range 49.00 - 62.34
  • Volume 263,908
  • Avg. Volume 636,551
  • Market Cap (intraday) 2.176B
  • Beta (5Y Monthly) 0.94
  • PE Ratio (TTM) 32.48
  • EPS (TTM) 1.55
  • Earnings Date Jun 27, 2024 - Jul 1, 2024
  • Forward Dividend & Yield 0.70 (1.38%)
  • 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 4/26/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

PRGS
6.98%
S&P 500
6.92%

1-Year Return

PRGS
7.01%
S&P 500
25.26%

3-Year Return

PRGS
12.53%
S&P 500
22.00%

5-Year Return

PRGS
19.52%
S&P 500
74.29%

Compare To: PRGS

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Statistics: PRGS

Valuation Measures

Annual
As of 4/26/2024
  • Market Cap

    2.19B

  • Enterprise Value

    2.77B

  • Trailing P/E

    32.71

  • Forward P/E

    10.79

  • PEG Ratio (5yr expected)

    5.39

  • Price/Sales (ttm)

    3.18

  • Price/Book (mrq)

    4.75

  • Enterprise Value/Revenue

    3.87

  • Enterprise Value/EBITDA

    12.70

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
50.34 Current
67.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Company Insights: PRGS

Fair Value

50.34 Current
 

Dividend Score

0 Low
PRGS
Sector Avg.
100 High
 

Hiring Score

0 Low
PRGS
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
PRGS
Sector Avg.
100 High
 

Research Reports: PRGS

  • PRGS: Raising 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
    Price Target
     
  • 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
    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
    Price Target
     

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