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Progress Software Corporation (PRGS)

Stock Price: $45.00 USD -0.48 (-1.06%)
Updated Apr 19, 2021 11:35 AM EDT - Market open
Market Cap 2.00B
Revenue (ttm) 453.75M
Net Income (ttm) 77.57M
Shares Out 44.11M
EPS (ttm) 1.72
PE Ratio 26.16
Forward PE 14.20
Dividend $0.68
Dividend Yield 1.51%
Trading Day April 19
Last Price $45.00
Previous Close $45.48
Change ($) -0.48
Change (%) -1.06%
Day's Open 45.50
Day's Range 44.41 - 45.56
Day's Volume 73,252
52-Week Range 32.83 - 49.03

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Progress Software Corp (NASDAQ: PRGS) priced $325 million 1% Convertible Senior Notes due 2026 to raise $316.1 million in an upsized private institutional offering. The offering was upsized from the pre...

1 week ago - Benzinga

BEDFORD, Mass., April 08, 2021 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced the pricing of its private offering of $325.0 million aggregate principal amo...

1 week ago - GlobeNewsWire

BEDFORD, Mass., April 07, 2021 (GLOBE NEWSWIRE) -- Progress Software Corporation (NASDAQ: PRGS) (“Progress”) today announced that it intends to offer, subject to market and other conditions, $300.0 mill...

1 week ago - GlobeNewsWire

The Worthy Web is a six-week event with $40,000 in cash prizes The Worthy Web is a six-week event with $40,000 in cash prizes

1 week ago - GlobeNewsWire

Progress Telerik UI for WinUI empowers .NET developers to build next generation of Windows apps with latest Microsoft development framework

2 weeks ago - GlobeNewsWire

With markets getting more volatile, there could be increased dealmaking. The post 7 Tech Stocks That Could Be Looking for M&A appeared first on InvestorPlace.

Other stocks mentioned: BOX, RMNI, RXT, SCWX, SUMO, YEXT
2 weeks ago - InvestorPlace

Based on survey , Progress is recognized as one of 500 midsize employers that have adapted in the wake of the global pandemic to benefit employees and customers

2 weeks ago - GlobeNewsWire

With a focus on inclusion, social justice and COVID-19 response, Progress continues to deliver on its commitment to the advancement of our people, communities and the world

2 weeks ago - GlobeNewsWire

Progress Software's (PRGS) first-quarter fiscal 2021 results reflect strong top-line growth and expanding operating margin.

3 weeks ago - Zacks Investment Research

Progress Software (PRGS) delivered earnings and revenue surprises of 26.67% and 8.20%, respectively, for the quarter ended February 2021. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Shares of Progress Software (NASDAQ:PRGS) increased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 25.00% year over year to $0.95, which be...

3 weeks ago - Benzinga

Revenue and Earnings Per Share Exceed Guidance Ranges Full Year Guidance Increased for Revenue, Earnings Per Share and Free Cash Flow

3 weeks ago - GlobeNewsWire

Progress Software (PRGS) Q1 results are expected to benefit from strong demand for solutions and acquisition of Chef.

3 weeks ago - Zacks Investment Research

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.

1 month ago - Zacks Investment Research

With Progress Sitefinity, New England utility modernizes web presence and consolidates 65% of its content, making it easier for customers to find information quickly

1 month ago - GlobeNewsWire

BEDFORD, Mass., March 15, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that it will...

1 month ago - GlobeNewsWire

New release of Progress Sitefinity heightens stability, reliability and security and enables uninterrupted creation and management of enterprise-grade digital experiences

1 month ago - GlobeNewsWire

WhatsUp Gold enables Canadian healthcare organization to identify and solve network issues faster, and better allocate network resources for remote access by physicians and patients

2 months ago - GlobeNewsWire

Quinn recognized for his exemplary leadership, influence, innovation and growth for the IT channel Quinn recognized for his exemplary leadership, influence, innovation and growth for the IT channel

2 months ago - GlobeNewsWire

If you are looking for investment opportunities amid U.S.-listed equities, you may want to have a look at the following stocks as they have grown their free cash flow (FCF) remarkably over recent years....

Other stocks mentioned: CHE, JOUT
2 months ago - GuruFocus

New release of award-winning network monitoring software adds simple, integrated syslog and Windows log management – all within the same industry-leading interface

2 months ago - GlobeNewsWire

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Bank of America and Netflix

Other stocks mentioned: NFLX, BAC, GRTS, LITE
2 months ago - CNBC

Joe Biden is now officially the president and investors seem to be excited about it. Stocks hit fresh record highs on his inauguration day yesterday, but traded more muted today.

Other stocks mentioned: BCC, CNNE, CTG, IDA
2 months ago - Forbes

New 2021 release provides developers with 24+ new components, even more advanced capabilities and support for Angular 11 and React 17

2 months ago - GlobeNewsWire

Progress Telerik releases 26 new components and enhanced Telerik Reporting capabilities such as support for .NET 5 Official and a next-level report engine

2 months ago - GlobeNewsWire

Progress developer tools—Telerik and Kendo UI—awarded top ratings for excellence in software tools by end users

3 months ago - GlobeNewsWire

Shares of application software company Progress Software Corp. (NASDAQ:PRGS) are down nearly 10% following the release of its fourth-quarter results. The Bedford, Massachusetts-based company announced e...

3 months ago - GuruFocus

Progress Software (PRGS) fourth-quarter 2020 results reflect strong sales of OpenEdge and DCI products.

3 months ago - Zacks Investment Research

Stocks settled solidly in the red by the end of the trading session on Thursday.

Other stocks mentioned: BLK, C, FRC, JPM, TSM, WFC
3 months ago - Schaeffers Research

Progress Software Corporation (PRGS) CEO Yogesh Gupta on Q4 2020 Results - Earnings Call Transcript

3 months ago - Seeking Alpha

Progress Software (PRGS) delivered earnings and revenue surprises of 18.18% and 1.47%, respectively, for the quarter ended November 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Progress Software (NASDAQ:PRGS) fell 2.8% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 15.19% over the past year to $0.91, whic...

3 months ago - Benzinga

Solid Execution Drove Growth and Operating Leverage Acquisition of Chef Bolsters Position in DevOps Market and Drives Fiscal 2021 Revenue Growth

3 months ago - GlobeNewsWire

Stocks for the second straight day failed to stage a large recovery after Monday's losses. For investors looking to make the most of this market, the deep learning algorithms at Q.ai have crunched the d...

Other stocks mentioned: BCC, CHTR, MTD, TMUS
3 months ago - Forbes

Progress Software (NASDAQ:PRGS) releases its next round of earnings this Thursday, January 14. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

3 months ago - Benzinga

Designed to empower the next generation of extraordinary women leaders in science, technology, engineering and mathematics, the application process is now open through March 5, 2021

3 months ago - GlobeNewsWire

Progress Software (PRGS) Q4 results are expected to benefit from strong demand for OpenEdge and DataDirect solutions.

3 months ago - Zacks Investment Research

KB Home is one of several widely owned stocks set to announce earnings results over the next few days.

Other stocks mentioned: C, KB
3 months ago - The Motley Fool

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.

3 months ago - Zacks Investment Research

With Progress Sitefinity Cloud, Ireland's leading brokerage quadrupled its account openings through customer-centric digital transformation efforts

3 months ago - GlobeNewsWire

BEDFORD, Mass., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that it will ...

3 months ago - GlobeNewsWire

Partners and Resellers in Iberia Now Have Full Availability of Progress MOVEit and WhatsUp Gold IT Management Solutions through Ingram Micro

3 months ago - GlobeNewsWire

BEDFORD, Mass., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that CEO Yoge...

4 months ago - GlobeNewsWire

The Royal British Legion successfully raises awareness , increases engagement and maximizes web efficiencies with Progress Sitefinity

5 months ago - GlobeNewsWire

Leading .NET test automation platform features redesigned Test Recorder UI, improved user experience and extended support for Microsoft Blazor applications

5 months ago - GlobeNewsWire

Webinar series to focus on the state of .NET and the future of desktop app dev, and will help attendees start building new apps on.NET immediately after attending

5 months ago - GlobeNewsWire

New Chef Infrastructure Management, Chef App Delivery, Chef Premium Content and ‘Learn Chef' skills validation program makes portfolio easier to adopt and scale for both new and experienced users

5 months ago - GlobeNewsWire

Award-winning WhatsUp Gold enables district's IT team to actively monitor devices that support 2,500 students, faculty and staff, and the 600GB of daily network traffic they generate

5 months ago - GlobeNewsWire

New connectors for CRM, marketing automation and marketing analytics bridge the data gap for insight-driven marketing effectiveness

5 months ago - GlobeNewsWire

We believe that Progress Software stock has an upside potential of 11% post pandemic, as business IT spending recovers to pre-corona levels.Progress Software, provider of solutions for developing and de...

5 months ago - Forbes

About PRGS

Progress Software Corporation develops business applications. The company operates through three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabiliti... [Read more...]

Industry
Software-Application
IPO Date
Jul 30, 1991
CEO
Philip Pead
Employees
1,796
Stock Exchange
NASDAQ
Ticker Symbol
PRGS
Full Company Profile

Financial Performance

In 2020, PRGS's revenue was $442.15 million, an increase of 6.98% compared to the previous year's $413.30 million. Earnings were $79.72 million, an increase of 201.98%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for PRGS stock is "Strong Buy." The 12-month stock price forecast is 56.00, which is an increase of 24.44% from the latest price.

Price Target
$56.00
(24.44% upside)
Analyst Consensus: Strong Buy