Progress Software Corporation (PRGS)
| Market Cap | 2.04B |
| Revenue (ttm) | 554.96M |
| Net Income (ttm) | 79.91M |
| Shares Out | 43.77M |
| EPS (ttm) | 1.80 |
| PE Ratio | 25.94 |
| Forward PE | 11.60 |
| Dividend | $0.70 (1.50%) |
| Ex-Dividend Date | May 31, 2022 |
| Volume | 187,331 |
| Open | 46.97 |
| Previous Close | 46.50 |
| Day's Range | 45.57 - 47.17 |
| 52-Week Range | 41.68 - 53.99 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 61.00 (+30.6%) |
| Earnings Date | Jun 23, 2022 |
About PRGS
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management s...
Financial Performance
In 2021, PRGS's revenue was $531.31 million, an increase of 20.17% compared to the previous year's $442.15 million. Earnings were $78.42 million, a decrease of -1.63%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is 61, which is an increase of 30.62% from the latest price.
News
Progress to Participate in the 17th Annual Needham Technology & Media Conference
BURLINGTON, Mass., May 13, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Anthony Folger, Chief Financial Officer, and Michael Mi...
Progress Releases MOVEit 2022 with Advanced Capabilities to Secure and Simplify File Transfer Across Systems
New release includes a MOVEit Add-in for Microsoft Outlook that makes securing files with MOVEit simple, intuitive and easy to deploy across the entire organization
Progress Extends Market Leadership with Largest UI Suites for Blazor and .NET MAUI in Latest Telerik and Kendo UI Rel...
Latest release of Telerik and Kendo UI adds over 30 ready to use components across .NET and JavaScript frameworks, plus compatibility with the latest Preview of .NET 7 and stronger cross-product integra...
5 Dividend Growth Stocks to Buy At a Bargain
Westlake (WLK), Boise Cascade (BCC), Target (TGT), Everest Re (RE) and Progress Software (PRGS) could be cheap compelling picks amid market volatility.
Progress Extends the Power of DevSecOps to Cloud-Native Assets with the First Release of Progress® Chef® Cloud Security
Company to debut latest additions to its policy-based portfolio during live virtual event on May 25 Company to debut latest additions to its policy-based portfolio during live virtual event on May 25
Progress Moves Headquarters, Embracing a Future of Work Centered on Employee Choice
After 30+ years, company sells Bedford, MA campus, moves to Burlington, MA
Wall Street Analysts Think Progress Software (PRGS) Could Surge 26%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Progress Software (PRGS). While the effectiveness of this highly sought-after metric is questionable, th...
Progress Takes First Place in G2 Spring 2022 Grid Report for Managed File Transfer (MFT)
Progress MOVEit rated by users as one of the best managed file transfer solutions based on high levels of customer satisfaction and likeliness to recommend to others
Progress Releases 2021 Corporate Social Responsibility Report
Third-annual report highlights award-winning CSR efforts and adds new Sustainability Appendix Third-annual report highlights award-winning CSR efforts and adds new Sustainability Appendix
Progress Software (PRGS) Q1 Earnings & Revenues Top Estimates
Progress Software's (PRGS) first-quarter fiscal 2022 results benefit from momentum in core products, namely, DataDirect, DevTools and Chef.
Progress Software (PRGS) Tops Q1 Earnings and Revenue Estimates
Progress Software (PRGS) delivered earnings and revenue surprises of 14.12% and 5.37%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?
Progress Announces First Quarter 2022 Financial Results
Revenue and Earnings Per Share Exceed Guidance Ranges Full Year Guidance Increased for Revenue and Earnings Per Share
Progress Releases 35+ New DataDirect Connectors for Strategic Decision-Making
New connectors provide real-time access to Foursquare, Google Calendar, Twitter, WordPress, YouTube, Zoom and more to help organizations bridge the data gap for analytics-driven effectiveness
Progress Software to Report First Quarter Financial Results on March 29, 2022
BEDFORD, Mass., March 16, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal first q...
Progress Expands Partnership with Ingram Micro to Strengthen Application Experience in the Nordics
Progress empowers organizations in Sweden, Finland, Denmark and Norway to manage their businesses safely and securely with MOVEit and WhatsUp Gold
Progress Recognized by Gartner® in the 2022 Magic Quadrant™ for Digital Experience Platforms
Company Evaluation Based on Its Completeness of Vision and Ability to Execute
Bechtle Increases Network Visibility and Security of Client Devices with Progress
German MSP Bechtle IT System House Bonn/Cologne leverages the powerful REST API of Progress WhatsUp Gold monitoring software to automatically detect new devices and improve the efficiency, security and ...
Progress Grants Its First Women in STEM Scholarship in India and Opens U.S. Scholarship Application Process
The Progress Women in STEM Scholarship Series supports a new global generation of extraordinary women leaders in science, technology, engineering and mathematics
Progress Software (PRGS) Q4 Earnings & Revenues Top Estimates
Progress Software's (PRGS) fourth-quarter fiscal 2021 results benefit from momentum in core products, namely, DataDirect, DevTools and Chef.
Progress Delivers Next-Level Developer Productivity with the Largest Suites of Native Components for Blazor, Angular ...
In addition to the most comprehensive UI libraries for .NET and JavaScript frameworks in the world, the new Progress Developer Tools release brings to bear 50+ new components and day-one support for .NE...
Progress Software (PRGS) Tops Q4 Earnings and Revenue Estimates
Progress Software (PRGS) delivered earnings and revenue surprises of 24.32% and 5.59%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?
Progress Reports 2021 Fiscal Fourth Quarter and Year End Results
Q4 and FY21 Revenue and EPS Significantly Ahead of Guidance Integration of Kemp On Target as Acquisition Drives Projected Fiscal 2022 Revenue Growth
The City of Pleasanton Chooses Progress for Enterprise-Grade Network Monitoring with Integrated Log Management
City monitors over 200 infrastructure devices more effectively and recoups hours in lost productivity with Progress WhatsUp Gold
Analysts Estimate Progress Software (PRGS) to Report a Decline in Earnings: What to Look Out for
Progress Software (PRGS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Progress Software to Report Financial Results for Fiscal Fourth Quarter and Fiscal 2021 on January 18, 2022
BEDFORD, Mass., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact applications, today announced that it will release f...