Progress Software Corporation (PRGS)

NASDAQ: PRGS · Real-Time Price · USD
61.76
+0.74 (1.21%)
May 8, 2025, 4:00 PM EDT - Market closed
1.21%
Market Cap 2.66B
Revenue (ttm) 806.74M
Net Income (ttm) 56.75M
Shares Out 43.03M
EPS (ttm) 1.27
PE Ratio 48.73
Forward PE 11.38
Dividend $0.35 (0.57%)
Ex-Dividend Date Aug 30, 2024
Volume 331,585
Open 61.50
Previous Close 61.02
Day's Range 61.50 - 62.09
52-Week Range 48.00 - 70.56
Beta 0.66
Analysts Buy
Price Target 73.71 (+19.35%)
Earnings Date Jun 24, 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... [Read more]

Sector Technology
IPO Date Jul 30, 1991
Employees 2,815
Stock Exchange NASDAQ
Ticker Symbol PRGS
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $73.71, which is an increase of 19.35% from the latest price.

Price Target
$73.71
(19.35% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Progress Congratulates Chairman Jack Egan on NACD New England Leadership in Corporate Governance Award

Prestigious honor recognizes Egan's outstanding contributions to corporate governance and board leadership BURLINGTON, Mass., April 24, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted pr...

14 days ago - GlobeNewsWire

Progress Empowers Marketers with Innovative AI Capabilities for Creating Superior Digital Experiences

BURLINGTON, Mass., April 10, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the latest AI innovati...

4 weeks ago - GlobeNewsWire

Progress Software: Declining ARR Is A Concern (Rating Downgrade)

I'm downgrading Progress Software to a neutral rating, as its relative valuation against the broader market is no longer as compelling. After the company's integration of its major ShareFile acquisiti...

4 weeks ago - Seeking Alpha

Progress Unveils Powerful AI Tools in ShareFile Platform to Dramatically Increase Efficiency and Productivity

Advanced capabilities strengthen data security, streamline workflows and accelerate document collection by nearly 3.5x BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), th...

5 weeks ago - GlobeNewsWire

Overlooked Stock: PRGS

Progress Software (PRGS) popped after Monday's postmarket earnings report that George Tsilis says signals growth. He turns to how the company uses A.I.

5 weeks ago - Schwab Network

Progress MOVEit Recognized in G2's Best IT Infrastructure Products List for Third Consecutive Year

Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital...

5 weeks ago - GlobeNewsWire

Progress Software Corporation (PRGS) Q1 2025 Earnings Call Transcript

Progress Software Corporation (NASDAQ:PRGS) Q1 2025 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger ...

5 weeks ago - Seeking Alpha

Progress Announces First Quarter 2025 Financial Results

Annualized Recurring Revenue ("ARR") of $836 million Grew 48% year-over-year Revenue of $238 million Grew 29% year-over-year ShareFile Integration Underway BURLINGTON, Mass., March 31, 2025 (GLOBE NEW...

5 weeks ago - GlobeNewsWire

ShareFile Named a Visionary in 2024 Gartner® Magic Quadrant™ for Document Management

ShareFile is recognized for its completeness of vision and ability to execute BURLINGTON, Mass., March 25, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital ...

6 weeks ago - GlobeNewsWire

Progress to Report First Quarter 2025 Financial Results on March 31, 2025

BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release ...

7 weeks ago - GlobeNewsWire

Progress Releases Over 50 Free Enterprise-grade UI Components for React Developers

Developers gain access to market-leading components and UI customization tools free of charge BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-...

2 months ago - GlobeNewsWire

Progress Chef Platform Named to Constellation ShortList™ for DevOps

The annual vendors list recognizes Chef as a top offering for digital leaders reinventing operations and transforming business models BURLINGTON, Mass., March 11, 2025 (GLOBE NEWSWIRE) -- Progress (Na...

2 months ago - GlobeNewsWire

Progress Opens Applications for its 2025 Women in STEM Scholarship Series

Empowering future women leaders in STEM, the scholarship series supports students in the U.S., Bulgaria and India on their journey to shape computer science, software engineering, IT or related fields...

2 months ago - GlobeNewsWire

Progress Unveils Fully Managed Web Application Firewall for MOVEit Cloud to Bolster File Transfer Security and Support PCI 4.0 Compliance

New functionality adds additional protection against cyber threats and supports compliance with evolving security standards for sensitive data transfers BURLINGTON, Mass., March 04, 2025 (GLOBE NEWSWI...

2 months ago - GlobeNewsWire

Progress Appoints Ed Keisling to the Role of Chief AI Officer

Senior engineering leader to oversee Company's AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio BURLINGTON, Mass., Feb. 27, 2025 (GLOBE ...

2 months ago - GlobeNewsWire

Progress Recognized by Gartner® in the 2025 Magic Quadrant™ for Digital Experience Platforms for Fourth Consecutive Year

Company's Recognition Based on Completeness of Vision and Ability to Execute BURLINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital ex...

3 months ago - GlobeNewsWire

Top 3 Tech Stocks That May Rocket Higher This Quarter

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: NVECYOU
3 months ago - Benzinga

Launch of Progress Data Cloud Creates Platform to Accelerate AI Strategies and Digital Transformation

Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service simplifying enterprise data and AI operations in the cloud.

3 months ago - GlobeNewsWire

Progress Software Earnings: Cheap Enough To Ignore The Debt

Progress Software Corporation has significant debt, but its valuation at 11x forward free cash flow makes it an attractive buy for patient investors. The company's main growth driver is disciplined M&...

3 months ago - Seeking Alpha

Progress Software, Disc Medicine And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Wednesday.

Other symbols: IRON
3 months ago - Benzinga

Progress Software Corporation (PRGS) Q4 2024 Earnings Call Transcript

Progress Software Corporation (NASDAQ:PRGS) Q4 2024 Earnings Conference Call January 21, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folge...

3 months ago - Seeking Alpha

Progress Reports Fourth Quarter 2024 and Full Year Results

Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass.

3 months ago - GlobeNewsWire

Progress Once Again Honored as a Top Place to Work and Socially Responsible Organization by Prestigious Publications Including The Boston Globe and Newsweek

Company closes 2024 with multiple award recognitions for corporate social responsibility, workplace culture, inclusion and belonging, and more BURLINGTON, Mass., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Prog...

4 months ago - GlobeNewsWire

Progress ShareFile Selected as the Latest Addition to the American Institute of CPAs (AICPA) Member Discount Program, Offering Benefits for AICPA Members

ShareFile becomes the only AI-powered, document workflow and secure file sharing solution in AICPA's Member Discount Program BURLINGTON, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS...

5 months ago - GlobeNewsWire

M-Files Appoints Jay Bhatt as CEO

AUSTIN, Texas--(BUSINESS WIRE)--M-Files, the leader in knowledge work automation, today announced the appointment of industry veteran Jay Bhatt as CEO. Bhatt joins M-Files with an extensive history of...

Other symbols: ADSK
5 months ago - Business Wire