Progress Software Corporation (PRGS)

NASDAQ: PRGS · IEX Real-Time Price · USD
50.98
-0.69 (-1.34%)
At close: Apr 12, 2024, 4:00 PM
50.17
-0.81 (-1.59%)
After-hours: Apr 12, 2024, 4:15 PM EDT
-1.34%
Market Cap 2.20B
Revenue (ttm) 714.90M
Net Income (ttm) 69.16M
Shares Out 43.22M
EPS (ttm) 1.54
PE Ratio 33.10
Forward PE 10.89
Dividend $0.70 (1.37%)
Ex-Dividend Date Jun 3, 2024
Volume 396,090
Open 51.40
Previous Close 51.67
Day's Range 50.81 - 51.67
52-Week Range 49.02 - 62.34
Beta 0.94
Analysts Buy
Price Target 64.60 (+26.72%)
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]

Sector Technology
IPO Date Jul 30, 1991
Employees 2,284
Stock Exchange NASDAQ
Ticker Symbol PRGS
Full Company Profile

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 Statements

Analyst 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 26.72% from the latest price.

Price Target
$64.6
(26.72% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

4 days ago - GlobeNewsWire

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...

5 days ago - GlobeNewsWire

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...

9 days ago - GlobeNewsWire

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:...

17 days ago - GlobeNewsWire

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.

18 days ago - GlobeNewsWire

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.

19 days ago - WSJ

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...

19 days ago - GlobeNewsWire

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 ...

19 days ago - GlobeNewsWire

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...

19 days ago - GlobeNewsWire

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...

26 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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...

5 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

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 ...

6 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

Progress Accelerates Digital Modernization Using Generative AI and Enhanced Data Connectivity with Latest Release of Sitefinity

Progress Sitefinity 15 empowers marketers with generative AI capabilities and enhanced data connectivity for a unified customer view and accelerated delivery of personalized experiences BURLINGTON, Ma...

5 months ago - GlobeNewsWire