Progress Software Corporation (PRGS)
| Market Cap | 2.21B |
| Revenue (ttm) | 753.41M |
| Net Income (ttm) | 68.44M |
| Shares Out | 43.02M |
| EPS (ttm) | 1.54 |
| PE Ratio | 33.37 |
| Forward PE | 10.16 |
| Dividend | $0.35 (0.68%) |
| Ex-Dividend Date | Aug 30, 2024 |
| Volume | 987,046 |
| Open | 53.20 |
| Previous Close | 53.52 |
| Day's Range | 51.36 - 53.42 |
| 52-Week Range | 48.00 - 70.56 |
| Beta | 0.87 |
| Analysts | Buy |
| Price Target | 72.13 (+40.36%) |
| 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 8 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $72.13, which is an increase of 40.36% from the latest price.
News
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
Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences
Latest Sitefinity release offers out-of-the-box native support for Next.js and Gen AI-powered content workflows--accelerating the delivery of digital experiences BURLINGTON, Mass., Nov. 21, 2024 (GLOB...
Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
Enduring partnership highlights both companies' dedication to providing cutting-edge cybersecurity solutions for customers throughout the Middle East BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) ...
Progress Completes Acquisition of ShareFile
ShareFile's AI-powered, document-centric collaboration platform expands Progress' industry-leading product portfolio and marks a major milestone in the company's Total Growth Strategy BURLINGTON, Mass...
Progress Appoints Amanda Arria to the Role of Chief People Officer
Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning...
Progress AI-Powered Flowmon Introduces Up to 10x Search Acceleration for Faster Cyberthreat Hunting and Network Troubleshooting
IP Address Indexing is the first in a series of major performance and scalability enhancements to the Flowmon AI-powered Network Detection and Response & Network Visibility offerings. BURLINGTON, Mass...
Progress Announces Winners of the 2024 OpenEdge North America Partner Awards
Announced during the OpenEdge World Tour and PUG Challenge Americas event, the awards recognize partners for their exemplary collaboration, modern business applications and exceptional commitment to c...
Progress Software shares up 6% after impressive Q3 earnings report: should you buy?
Shares of Progress Software (NASDAQ: PRGS) surged to near all-time highs in pre-market trading today, jumping over 6% following the release of its impressive Q3 2024 earnings results yesterday. The co...