Progress Software Corporation (PRGS)
| Market Cap | 2.37B |
| Revenue (ttm) | 714.90M |
| Net Income (ttm) | 69.16M |
| Shares Out | 43.22M |
| EPS (ttm) | 1.54 |
| PE Ratio | 35.61 |
| Forward PE | 11.72 |
| Dividend | $0.70 (1.28%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 341,298 |
| Open | 53.53 |
| Previous Close | 53.55 |
| Day's Range | 52.82 - 54.85 |
| 52-Week Range | 48.00 - 62.34 |
| Beta | 0.93 |
| Analysts | Buy |
| Price Target | 63.14 (+15.14%) |
| Earnings Date | Jun 25, 2024 |
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... [Read more]
Financial Performance
In 2023, PRGS'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%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $63.14, which is an increase of 15.14% from the latest price.
News
Progress Announces Second Quarter 2024 Financial Results
Second Quarter Revenues and Earnings Per Share Ahead of Guidance Raising Full Year Revenue and Earnings Per Share Outlook BURLINGTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), ...
Progress Recognized for Exemplary Leadership, Inclusive Workplace Culture and Contributions to the Tech Community
Progress announced that it has received numerous accolades from prestigious organizations for employee satisfaction, leadership, and commitment to CSR.
Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings
Progress Software Corporation PRGS is scheduled to release its second quarter financial results, after the closing bell on Tuesday.
How To Earn $500 A Month From Progress Software Stock Ahead Of Q2 Earnings Report
Progress Software Corporation PRGS will release its second quarter financial results, before the opening bell on Tuesday, June 25.
Progress Software to Report Second Quarter 2024 Financial Results on June 25, 2024
Progress today announced that it will release financial results for its fiscal second quarter of 2024 after the market close on Tuesday, June 25, 2024.
PROGRESS SOFTWARE INVESTOR NOTICE: Kaskela Law LLC Announces Investigation of Progress Software Corp. (NASDAQ: PRGS) and Encourages Investors to Contact the Firm
PHILADELPHIA, PA / ACCESSWIRE / May 30, 2024 / Kaskela Law LLC announces that it is investigating Progress Software Corp. (NASDAQ:PRGS) ("Progress Software") on behalf of the company's investors. Sinc...
Progress Sets the Standard for Application Development with Generative AI Integration, Enhanced Design System Capabilities and Accessible Data Visualization
Progress' latest release enables developers to integrate Generative AI into any app and rapidly build and design innovative, inclusive digital experiences.
PruTech Expedites and Scales Cloud Migration with Progress, Saving Customers Months of Development Time
Using Progress DataDirect, the global IT services company automated complex encryption processes, speeding the cloud migration process for leading healthcare insurer BURLINGTON, Mass., May 07, 2024 (G...
Progress Software Corp. No Intention to Make an Offer for MariaDB plc
STATEMENT OF NO INTENTION TO MAKE AN OFFER (RULE 2.8 ANNOUNCEMENT) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE ...
Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc
BURLINGTON, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION O...
Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences
BURLINGTON, Mass., April 10, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced new powerful capabilities and enhancements in the latest...
More than Half of Global Organizations Plan to Increase Their Investment in “Human-Centered” Software Design in the Next Year, According to Progress Sponsored Research Study
A survey of more than 700 technology professionals worldwide discusses the rising importance of human-centric design as a means for driving inclusive business practices BURLINGTON, Mass., April 09, 20...
Progress Software Corp. Announcement under the Irish Takeover Rules
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS IS AN A...
Progress Releases Corporate Social Responsibility Report for 2023
Fifth annual report underscores company's unwavering commitment to inclusion and diversity, charitable giving and sustainability BURLINGTON, Mass., March 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq:...
Announcement for the Purposes of Rule 2.12 of the Irish Takeover Rules
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Progress Software Revenue Beats Estimates, Outlook Falls Short
The global software company made an offer for all issued to be issued share capital of MariaDB at 60 cents a share.
Progress Announces First Quarter 2024 Financial Results
First Quarter Revenues and Earnings Per Share Ahead of Estimates BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today a...
Progress Software Corp. Statement regarding Possible Offer for MariaDB plc
POSSIBLE OFFER (RULE 2.4 ANNOUNCEMENT) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT ...
Progress Partners with Veeam Software to Deliver AI-Powered Network Detection and Response to Global Enterprises
New partnership combines the advanced network detection and response (NDR) capabilities of Progress Flowmon with Veeam Data Platform to help secure customers' critical data BURLINGTON, Mass., March 26...
Progress Receives 2024 Emotional Footprint Award for Metadata Management from SoftwareReviews
Based on user reviews, Progress Semaphore ranks #1 for third consecutive year with the highest scores across all categories BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS...
Progress Software to Report First Quarter 2024 Financial Results on March 26, 2024
BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fi...
ABN AMRO Moves Progress-Powered Credit Store App to Azure Cloud; Achieves 40% Faster Data Processing, Lower TCO and Improved Business Resilience
ABN AMRO becomes the first bank in Europe to bring its Progress MarkLogic-powered application to Microsoft Azure BURLINGTON, Mass., March 12, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the tru...
Progress Recognized by Gartner® in the 2024 Magic Quadrant™ for Digital Experience Platforms for Third Consecutive Year
BURLINGTON, Mass., March 11, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced it has been recognized in the 2024 Gartner Magic Quadran...
Progress Announces Amended Credit Facility
New $900M facility provides liquidity and flexibility at greater scale BURLINGTON, Mass., March 07, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of infrastructure software...
Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering
BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced the pricing of its private offering of $400.0 million aggregate principal...