Progress Software Corporation (PRGS)

Market Cap	2.39B
Revenue (ttm)	753.41M
Net Income (ttm)	68.44M
Shares Out	43.37M
EPS (ttm)	1.54
PE Ratio	35.78
Forward PE	10.89
Dividend	$0.52 (0.95%)
Ex-Dividend Date	Aug 30, 2024

Volume	514,634
Open	56.61
Previous Close	56.56
Day's Range	55.04 - 56.84
52-Week Range	48.00 - 70.56
Beta	0.92
Analysts	Buy
Price Target	72.13 (+30.91%)
Earnings Date	Mar 25, 2025

About PRGS

Progress Software Corporation develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools that consists of software development tooling collection, includi...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Jul 30, 1991
• Employees: 2,815
• Stock Exchange: NASDAQ
• Ticker Symbol: PRGS
• Website: https://www.progress.com

Financial Performance

In 2024, Progress Software's revenue was $753.41 million, an increase of 8.49% compared to the previous year's $694.44 million. Earnings were $68.44 million, a decrease of -2.51%.

Analyst Forecast

According to 8 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $72.13, which is an increase of 30.91% from the latest price.

Price Target

$72.13

(30.91% upside)

Analyst Consensus: Buy