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Progress Software NasdaqGS:PRGS Stock Report

Last Price

US$48.93

Market Cap

US$2.1b

7D

-1.2%

1Y

-11.2%

Updated

23 Jun, 2024

Data

Company Financials +

Progress Software Corporation

NasdaqGS:PRGS Stock Report

Market Cap: US$2.1b

Progress Software Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Progress Software
Historical stock prices
Current Share PriceUS$48.93
52 Week HighUS$62.34
52 Week LowUS$48.16
Beta0.93
11 Month Change-2.74%
3 Month Change-7.26%
1 Year Change-11.17%
33 Year Change5.20%
5 Year Change12.17%
Change since IPO1,392.78%

Recent News & Updates

Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings

Jun 19
Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings

What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?

May 27
What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?

Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Apr 22
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Recent updates

Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings

Jun 19
Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings

What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?

May 27
What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?

Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Apr 22
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Progress Software (NASDAQ:PRGS) Has Announced A Dividend Of $0.175

Apr 01
Progress Software (NASDAQ:PRGS) Has Announced A Dividend Of $0.175

Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Mar 29
Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?

Mar 13
Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?

Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued

Mar 11

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Feb 06
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings

Feb 02
There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Jan 20
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Jan 19
Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely

Jan 02
Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely

At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?

Nov 08
At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?

Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Sep 30
Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Aug 18
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Aug 06
Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Jul 22
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Jul 04
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price

Jun 27
Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price

Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching

Apr 18
Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching

We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Apr 04
We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 36% Above Its Share Price

Mar 22
Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 36% Above Its Share Price

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Feb 08
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Is Now The Time To Look At Buying Progress Software Corporation (NASDAQ:PRGS)?

Feb 02
Is Now The Time To Look At Buying Progress Software Corporation (NASDAQ:PRGS)?

Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

Jan 09
Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Dec 08
We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Nov 17
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Oct 27
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 47% Undervalued

Oct 26
An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 47% Undervalued

Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Oct 13
Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Shareholder Returns

PRGSUS SoftwareUS Market
7D-1.2%1.9%0.5%
1Y-11.2%29.0%23.7%

Return vs Industry: PRGS underperformed the US Software industry which returned 29% over the past year.

Return vs Market: PRGS underperformed the US Market which returned 23.7% over the past year.

Price Volatility

Is PRGS's price volatile compared to industry and market?
PRGS volatility
PRGS Average Weekly Movement2.1%
Software Industry Average Movement6.8%
Market Average Movement5.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.8%

Stable Share Price: PRGS has not had significant price volatility in the past 3 months.

Volatility Over Time: PRGS's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19812,284Yogesh Guptawww.progress.com

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.

Progress Software Corporation Fundamentals Summary

How do Progress Software's earnings and revenue compare to its market cap?
PRGS fundamental statistics
Market capUS$2.11b
Earnings (TTM)US$69.16m
Revenue (TTM)US$714.90m

30.6x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PRGS income statement (TTM)
RevenueUS$714.90m
Cost of RevenueUS$101.41m
Gross ProfitUS$613.49m
Other ExpensesUS$544.33m
EarningsUS$69.16m

Last Reported Earnings

Feb 29, 2024

Next Earnings Date

Jun 25, 2024

Earnings per share (EPS)1.60
Gross Margin85.82%
Net Profit Margin9.67%
Debt/Equity Ratio149.7%

How did PRGS perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

44%

Payout Ratio
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