PRGS Stock Overview
Develops, deploys, and manages business applications in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
My Notes
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Progress Software Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$66.38 |
| 52 Week High | US$70.56 |
| 52 Week Low | US$48.00 |
| Beta | 0.93 |
| 1 Month Change | -4.14% |
| 3 Month Change | 16.70% |
| 1 Year Change | 20.84% |
| 3 Year Change | 37.38% |
| 5 Year Change | 59.15% |
| Change since IPO | 1,925.15% |
Recent News & Updates
At US$68.73, Is It Time To Put Progress Software Corporation (NASDAQ:PRGS) On Your Watch List?
Nov 22
Progress Software Corporation (NASDAQ:PRGS) Not Flying Under The Radar
Nov 07Recent updates
At US$68.73, Is It Time To Put Progress Software Corporation (NASDAQ:PRGS) On Your Watch List?
Nov 22Progress Software Corporation (NASDAQ:PRGS) Not Flying Under The Radar
Nov 07Progress Software's (NASDAQ:PRGS) Earnings Seem To Be Promising
Oct 15Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
Sep 25Progress Software Is Investing In Its Long-Term Position In AI
Sep 10An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 49% Undervalued
Aug 30Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Aug 06Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Jul 23Progress Software Boosts Outlook Amid Market Challenges
Jul 05Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Jun 29Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings
Jun 19What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?
May 27Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Apr 22Progress Software (NASDAQ:PRGS) Has Announced A Dividend Of $0.175
Apr 01Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 29Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued
Mar 11Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Feb 06There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings
Feb 02Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jan 20Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jan 19Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely
Jan 02At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?
Nov 08Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Sep 30Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Aug 18Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?
Aug 06Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jul 22Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Jul 04Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price
Jun 27Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching
Apr 18Shareholder Returns
| PRGS | US Software | US Market | |
|---|---|---|---|
| 7D | -3.7% | -2.2% | -2.4% |
| 1Y | 20.8% | 21.9% | 23.3% |
Return vs Industry: PRGS underperformed the US Software industry which returned 21.9% over the past year.
Return vs Market: PRGS underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| PRGS volatility | |
|---|---|
| PRGS Average Weekly Movement | 4.5% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PRGS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PRGS's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1981 | 2,284 | Yogesh Gupta | www.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
| PRGS fundamental statistics | |
|---|---|
| Market cap | US$2.85b |
| Earnings (TTM) | US$82.63m |
| Revenue (TTM) | US$715.42m |
34.5x
P/E Ratio4.0x
P/S RatioIs PRGS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PRGS income statement (TTM) | |
|---|---|
| Revenue | US$715.42m |
| Cost of Revenue | US$98.13m |
| Gross Profit | US$617.29m |
| Other Expenses | US$534.67m |
| Earnings | US$82.63m |
Last Reported Earnings
Aug 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.93 |
| Gross Margin | 86.28% |
| Net Profit Margin | 11.55% |
| Debt/Equity Ratio | 186.9% |
How did PRGS perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2023/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Progress Software Corporation is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Mark Schappel | Benchmark Company |
| Matthew Galinko | B. Riley Wealth |