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Progress Software Corporation (PRGS)

Stock Price: $44.14 USD -4.67 (-9.57%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $44.19 +0.05 (0.11%) Jan 15, 6:31 PM
Market Cap 1.99B
Revenue (ttm) 436.80M
Net Income (ttm) 57.32M
Shares Out 45.04M
EPS (ttm) 1.76
PE Ratio 25.08
Forward PE 14.10
Dividend $0.70
Dividend Yield 1.59%
Trading Day January 15
Last Price $44.14
Previous Close $48.81
Change ($) -4.67
Change (%) -9.57%
Day's Open 47.10
Day's Range 43.76 - 47.97
Day's Volume 1,076,433
52-Week Range 29.37 - 48.81

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Zacks Investment Research - 2 days ago

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

Schaeffers Research - 2 days ago

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

Other stocks mentioned: BLK, C, FRC, JPM, TSM, WFC
Seeking Alpha - 2 days ago

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

Zacks Investment Research - 2 days ago

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 s...

Benzinga - 2 days ago

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 $...

GlobeNewsWire - 2 days ago

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

Forbes - 3 days ago

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 crun...

Other stocks mentioned: BCC, CHTR, MTD, TMUS
Benzinga - 4 days ago

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.

GlobeNewsWire - 5 days ago

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

Zacks Investment Research - 6 days ago

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

The Motley Fool - 1 week ago

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

Other stocks mentioned: C, KB
Zacks Investment Research - 1 week ago

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.

GlobeNewsWire - 1 week ago

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

GlobeNewsWire - 1 week ago

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 tha...

GlobeNewsWire - 3 weeks ago

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

GlobeNewsWire - 1 month ago

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 tha...

GlobeNewsWire - 2 months ago

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

GlobeNewsWire - 2 months ago

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

GlobeNewsWire - 2 months ago

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

GlobeNewsWire - 2 months ago

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

GlobeNewsWire - 2 months ago

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

GlobeNewsWire - 2 months ago

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

Forbes - 2 months ago

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 develop...

GlobeNewsWire - 3 months ago

New web-based application increases data throughput speed by 3x and provides new levels of security and scalability

Zacks Investment Research - 3 months ago

Progress Software (PRGS) possesses solid growth attributes, which could help it handily outperform the market.

GlobeNewsWire - 3 months ago

Five-day v irtual event to include a series of hands - on coding, live - learning and social activities to connect and inspire the international developer community

Zacks Investment Research - 3 months ago

Increased analyst coverage over the last few weeks might lead to solid price appreciation for these stocks.

Other stocks mentioned: EXPI, LEU, NWSA, TTC
GlobeNewsWire - 3 months ago

BEDFORD, Mass., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced the completion o...

The Motley Fool - 3 months ago

Investors should look beyond the software provider's middling sales results in 2020.

Seeking Alpha - 3 months ago

Progress Software dipped ~5% after reporting fiscal third-quarter results, despite a decent earnings print.

GuruFocus - 3 months ago

Shares of Progress Software Corp. (NASDAQ:PRGS) are down 6% following the release of its third-quarter results after the closing bell on Sept. 29.

GlobeNewsWire - 3 months ago

Used by four million developers, new version of the popular web debugging proxy tool offers Windows, Mac and Linux support and much more

Seeking Alpha - 3 months ago

Progress Software Corporation (PRGS) CEO Yogesh Gupta on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Progress Software (PRGS) delivered earnings and revenue surprises of 1.30% and 1.54%, respectively, for the quarter ended August 2020. Do the numbers hold clues to what lies ahead for the stock?

Market Watch - 3 months ago

Progress Software Corp. shares fell by as much as 11% in the extended session Tuesday after the company reported fiscal third-quarter earnings and raised its outlook for the year.

GlobeNewsWire - 3 months ago

Revenue Above Top End of Guidance Range  Pending Acquisition of Chef Supports Long-Term Growth Strategy

Zacks Investment Research - 3 months ago

Progress Software Corp has been struggling lately, but the selling pressure may be coming to an end soon.

Zacks Investment Research - 3 months ago

Use this New Analyst Coverage Screener to Find Strong Stocks

Other stocks mentioned: GFF
GlobeNewsWire - 3 months ago

BEDFORD, Mass., Sept. 22, 2020 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced that it wil...

Zacks Investment Research - 3 months ago

Increased analyst coverage over the last few weeks might lead to solid price appreciation for these stocks.

Other stocks mentioned: CNR, GFF, TA
GlobeNewsWire - 3 months ago

Based on user feedback, Progress Kendo UI is ranked first in app development for its multi-framework support, customization of controls, overall reliability, and more

Zacks Investment Research - 3 months ago

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.

GlobeNewsWire - 4 months ago

.NET leader brings to market 50+ Blazor-native components, zero-day support for latest .NET 5 Preview, plus support for Angular 10, Vue 3.0 and more

Zacks Investment Research - 4 months ago

Progress Software (PRGS) expects third-quarter fiscal 2020 results to benefit from strong revenue performance and cost management. The company's purchase of Chef will boost its recurring-reven...

Market Watch - 4 months ago

Shares of Progress Software Corp. PRGS, -4.39% were indicated up nearly 2% in premarket trading Tuesday, after the business-support software company provided an upbeat outlook for fiscal third...

GlobeNewsWire - 4 months ago

BEDFORD, Mass., Sept. 08, 2020 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of application development and digital experience technologies, today announced preliminary f...

GlobeNewsWire - 4 months ago

Acquisition aligns with strategy for accretive acquisition and extends product offerings in DevOps and DevSecOps with market-leading infrastructure automation

GlobeNewsWire - 4 months ago

2020 edition to be virtual and feature some of the biggest names in the Blazor, React, Xamarin and Angular communities

GlobeNewsWire - 4 months ago

Electrical products distributor leverages Progress Sitefinity to launch a more modern, award-winning ecommerce website

GlobeNewsWire - 5 months ago

Sigma’s network of 850+ reseller in the UK now have access to Progress DataDirect connectivity products for their customers’ analytics, integration and data management needs Sigma’s network of...

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
Yogesh Gupta
Country
United States
Stock Exchange
NASDAQ
Ticker Symbol
PRGS
Full Company Profile

Financial Performance

In 2019, PRGS's revenue was $413.30 million, an increase of 9.06% compared to the previous year's $378.98 million. Earnings were $26.40 million, a decrease of -46.85%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for PRGS stock is "Strong Buy." The 12-month stock price forecast is 46.67, which is an increase of 5.73% from the latest price.

Price Target
$46.67
(5.73% upside)
Analyst Consensus: Strong Buy