Progress Software Corporation (PRGS)
| Market Cap | 2.19B |
| Revenue (ttm) | 714.90M |
| Net Income (ttm) | 69.16M |
| Shares Out | 43.22M |
| EPS (ttm) | 1.54 |
| PE Ratio | 32.92 |
| Forward PE | 10.83 |
| Dividend | $0.70 (1.38%) |
| Ex-Dividend Date | Jun 3, 2024 |
| Volume | 334,586 |
| Open | 51.25 |
| Previous Close | 51.63 |
| Day's Range | 50.52 - 51.27 |
| 52-Week Range | 49.00 - 62.34 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 64.60 (+27.42%) |
| Earnings Date | Mar 26, 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 5 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $64.6, which is an increase of 27.42% from the latest price.
News
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...
Progress Software Announces Proposed Convertible Senior Notes Offering
BURLINGTON, Mass., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced that it intends to offer, subject to market and other conditions, $350.0 ...
Progress Enables Developers to Accelerate Application Modernization with Latest Release of OpenEdge
With new features such as incremental build support, OpenTelemetry integration and dynamic data masking, developers can build robust, more secure business applications while optimizing performance BUR...
Progress Chief Inclusion and Diversity Officer Selected as a Keynote Speaker for Bulgaria's Academy for Diversity, Equity and Inclusion
As the only international speaker, Dr. Shirley Knowles will discuss the benefits of diversity in the workplace and society alongside Bulgarian leaders from HPE, Coca-Cola HBC, Siemens and Shell Oil BU...
Now Accepting Applications for the 2024 Progress Software Mary Székely Scholarship for Women in STEM
Part of the global Progress Women in STEM scholarship series, the US scholarship is designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathe...
Progress Reports 2023 Fiscal Fourth Quarter and Year End Results
Fourth Quarter Revenues and Earnings Per Share Ahead of EstimatesARR Growth of 17% Year-over-Year BURLINGTON, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the trusted provider of ...
Progress Named a Top Place to Work and 2023 DEI Champion by The Boston Globe
Company received multiple awards for culture and commitment to inclusion and diversity in the second half of 2023 BURLINGTON, Mass., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trus...
Progress Software to Report Fourth Quarter and Fiscal Year 2023 Financial Results on January 16, 2024
BURLINGTON, Mass., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal fou...
Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management
Based on user reviews, Progress Semaphore ranks #1 for the third consecutive year, with the highest marks for usability, breadth and quality of features, business value created and more BURLINGTON, Ma...
Progress Recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Digital Experience Platforms
Large and midsize enterprise customers from around the world recommend the Progress Digital Experience (DX) Solution BURLINGTON, Mass., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the t...