Progress Software Corporation (PRGS)

NASDAQ: PRGS · IEX Real-Time Price · USD
46.70
0.20 (0.43%)
May 20, 2022 4:00 PM EDT - Market closed
Market Cap2.04B
Revenue (ttm)554.96M
Net Income (ttm)79.91M
Shares Out43.77M
EPS (ttm)1.80
PE Ratio25.94
Forward PE11.60
Dividend$0.70 (1.50%)
Ex-Dividend DateMay 31, 2022
Volume187,331
Open46.97
Previous Close46.50
Day's Range45.57 - 47.17
52-Week Range41.68 - 53.99
Beta1.07
AnalystsBuy
Price Target61.00 (+30.6%)
Earnings DateJun 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...

IndustrySoftware
IPO DateJul 30, 1991
CEOPhilip Pead
Employees2,103
Stock ExchangeNASDAQ
Ticker SymbolPRGS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$61
(30.62% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

1 week ago - GlobeNewsWire

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

1 week ago - GlobeNewsWire

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...

1 week ago - GlobeNewsWire

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.

Other symbols:BCCRETGTWLK
1 week ago - Zacks Investment Research

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

1 week ago - GlobeNewsWire

Progress Moves Headquarters, Embracing a Future of Work Centered on Employee Choice

After 30+ years, company sells Bedford, MA campus, moves to Burlington, MA

1 month ago - GlobeNewsWire

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...

1 month ago - Zacks Investment Research

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

1 month ago - GlobeNewsWire

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

1 month ago - GlobeNewsWire

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.

1 month ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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

1 month ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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

3 months ago - GlobeNewsWire

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.

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire

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?

4 months ago - Zacks Investment Research

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

4 months ago - GlobeNewsWire

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

4 months ago - GlobeNewsWire

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.

4 months ago - Zacks Investment Research

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...

4 months ago - GlobeNewsWire