Progress Software Corporation (PRGS)

Market Cap	2.73B
Revenue (ttm)	715.42M
Net Income (ttm)	82.63M
Shares Out	42.91M
EPS (ttm)	1.86
PE Ratio	34.18
Forward PE	11.30
Dividend	$0.52 (0.83%)
Ex-Dividend Date	Aug 30, 2024

Volume	594,053
Open	63.27
Previous Close	62.94
Day's Range	63.21 - 64.11
52-Week Range	48.00 - 70.56
Beta	0.93
Analysts	Buy
Price Target	71.50 (+12.56%)
Earnings Date	Jan 21, 2025

About PRGS

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 applicatio...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Jul 30, 1991
• Employees: 2,284
• Stock Exchange: NASDAQ
• Ticker Symbol: PRGS
• Website: https://www.progress.com

Financial Performance

In 2023, Progress Software's revenue was $694.44 million, an increase of 15.35% compared to the previous year's $602.01 million. Earnings were $70.20 million, a decrease of -26.16%.

Analyst Forecast

According to 8 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $71.5, which is an increase of 12.56% from the latest price.

Price Target

$71.5

(12.56% upside)

Analyst Consensus: Buy