Progress Software Corporation (PRGS)
| Market Cap | 2.41B |
| Revenue (ttm) | 806.74M |
| Net Income (ttm) | 56.75M |
| Shares Out | 43.03M |
| EPS (ttm) | 1.27 |
| PE Ratio | 44.18 |
| Forward PE | 10.31 |
| Dividend | $0.35 (0.63%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 433,117 |
| Open | 55.71 |
| Previous Close | 56.07 |
| Day's Range | 55.59 - 56.17 |
| 52-Week Range | 48.00 - 70.56 |
| Beta | 0.84 |
| Analysts | Buy |
| Price Target | 73.71 (+31.88%) |
| Earnings Date | Mar 31, 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]
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 StatementsAnalyst 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 31.88% from the latest price.
News
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...
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...
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...
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.
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...
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 ...
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...
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 ...
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 ...
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-...
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...
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...
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...
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 ...
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...
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.
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.
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&...
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.
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...
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.
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...
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...
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...
Progress Unveils Q4 2024 Release for Telerik and Kendo UI, Breaking New Ground in Design-to-Code Processes and Adding Support for .NET 9 and Angular 19
New design capabilities, advanced data visualization and support for .NET 9 and Angular 19 add to the most comprehensive offer on the market for .NET and JavaScript UI libraries