Progress Software Corporation (PRGS)
Market Cap | 2.60B |
Revenue (ttm) | 621.32M |
Net Income (ttm) | 98.29M |
Shares Out | 43.31M |
EPS (ttm) | 2.23 |
PE Ratio | 26.90 |
Forward PE | 11.78 |
Dividend | $0.70 (1.17%) |
Ex-Dividend Date | Feb 28, 2023 |
Volume | 390,287 |
Open | 59.98 |
Previous Close | 59.85 |
Day's Range | 59.61 - 61.46 |
52-Week Range | 40.33 - 61.45 |
Beta | 0.94 |
Analysts | Buy |
Price Target | 60.71 (+1.2%) |
Earnings Date | Jun 27, 2023 |
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... [Read more]
Financial Performance
In 2022, PRGS's revenue was $602.01 million, an increase of 13.31% compared to the previous year's $531.31 million. Earnings were $95.07 million, an increase of 21.23%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PRGS stock is "Buy." The 12-month stock price forecast is $60.71, which is an increase of 1.20% from the latest price.
News

P.F. Chang's Transforms Its Digital Presence with Progress, Increasing Site Page Views by More Than 40%
Powered by Progress Sitefinity, restaurant operator launches modern, accessible and award-winning website to create exceptional customer experiences

Sixty-five Percent of Organizations Suffer from Data Bias, According to Progress Research Study
Most organizations understand the importance of mitigating data bias and believe it is prevalent within their businesses but struggle with how to address it effectively Most organizations understand t...

Progress Announces First Quarter 2023 Financial Results
Revenue and Earnings Per Share Exceed Guidance ARR surges to $569M; MarkLogic Integration Underway

Progress to Host Investor Day on April 4, 2023
BURLINGTON, Mass., March 24, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced that it will host a virtual ...

Progress Offers Free Application Development Training for Anyone Who Wants to Learn Code
Online program intended for new and experienced developers who are interested in building modern applications more efficiently, enhancing their skill set and growing their careers

Progress Recognized by Gartner® in the Magic Quadrant™ for Digital Experience Platforms for Second Consecutive Year
Company Evaluation Based on Its Completeness of Vision and Ability to Execute Company Evaluation Based on Its Completeness of Vision and Ability to Execute

Progress Releases Corporate Social Responsibility Report for 2022
Fourth annual report highlights company's ongoing commitment to inclusivity, charitable giving and sustainability

Progress Software to Report First Quarter 2023 Financial Results on March 28, 2023
BURLINGTON, Mass., March 14, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced that it will release financi...

Progress Completes Acquisition of MarkLogic
Acquisition expands Progress' industry-leading product portfolio and continues to deliver on Total Growth Strategy

Progress Named a Leader in Network Detection and Response by Quadrant Knowledge Solutions
Award-winning Flowmon Anomaly Detection System (ADS) distinguished for its “complete detection and mitigation of cyber threats”

Progress Makes Building Engaging and Inclusive Apps a Reality with Latest Developer Tools Release
The most comprehensive UI libraries for .NET and JavaScript frameworks add design and accessibility upgrades, deeper customization and .NET 7 and Angular 15 support The most comprehensive UI libraries...

Progress Software stock weakens on mixed quarter, outlook
Progress Software Corp. PRGS, -0.48% shares slipped in the extended session Tuesday after the infrastructure software company's quarterly earnings beat but its revenue didn't, while offering an outloo...

Progress Reports 2022 Fiscal Fourth Quarter and Year End Results
Q4 EPS Ahead of Guidance

Progress Announces Recipient of Second Annual Women in STEM Scholarship in India and Opens U.S. Scholarship Application Process
Global scholarship series aims to foster gender equity and empower women pursuing degrees in STEM-related fields

Progress Software to Report Fourth Quarter 2022 Financial Results on January 17, 2023
BURLINGTON, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced that it will release financia...

Progress Announces Plans to Acquire MarkLogic
Company adds powerful NoSQL database and semantic metadata management to its portfolio of industry-leading products and continues to deliver on Total Growth Strategy

Progress Earns Multiple Awards and Recognitions in the Second Half of 2022
Company recognized by The Boston Globe, MassTLC, TrustRadius and more for its leadership in corporate social responsibility and commitment to fostering an inclusive and equitable work environment

Progress One of 9 Massachusetts-based Businesses with Critical Mass of Women Directors and Executive Officers
The Boston Club Releases Results of 2022 Census of Women Directors and Executive Officers of Massachusetts Public Companies

Progress Survey Reveals the Factors Driving the Adoption and Evolution of DevSecOps Over the Next Two Years
New research reveals that 73% of respondents admit more could be done to improve DevSecOps practices and highlights commonalities to those businesses finding success

Progress to Ring the Nasdaq Opening Bell for the 15th Time on Friday, November 4
Company recognized for its substantial commitment to customers and community

Progress Announces Third Quarter 2022 Financial Results
Revenue and EPS Exceed Prior Guidance

Progress Announces Appointment of YuFan Stephanie Wang to the Role of Chief Legal Officer
BURLINGTON, Mass., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced the appointment of YuFan Stephanie Wang (Stephanie) to t...

Progress Expands Collaboration with Microsoft to Accelerate Cloud Migration in India
Latest collaboration empowers Microsoft Azure customers to move to the cloud quickly, easily and securely with Chef DevSecOps automation tools

Progress Empowers Developers and Designers to Easily Implement Design Systems in Their Apps and Create People-centric User Experiences
New R3 2022 release advances Progress' position as the UI tools provider of choice with new components and enhancements for Blazor, .NET MAUI, Angular, React and more

Progress Software to Report Third Quarter Financial Results on September 27, 2022
BURLINGTON, Mass., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that it will release financial results for its fiscal th...