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Progress Software Corporation (PRGS)

Stock Price: $36.34 USD 0.39 (1.07%)
Updated Aug 4, 2020 3:52 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 1.64B
Revenue (ttm) 433.82M
Net Income (ttm) 46.90M
Shares Out 45.04M
EPS (ttm) 1.03
PE Ratio 35.28
Forward PE 12.25
Dividend $0.66
Dividend Yield 1.82%

Stock Quote

Trading Day Aug 4, 2020
Last Price $36.34
Previous Close $35.95
Change ($) 0.39
Change (%) 1.07%
Day's Open 35.90
Day's Range 35.72 - 36.49
Day's Volume 227,183
52-Week Range 28.09 - 52.50

More Stats

Market Cap 1.64B
Enterprise Value 1.75B
Earnings Date (est) Sep 23, 2020
Ex-Dividend Date May 29, 2020
Shares Outstanding 45.04M
Float 41.98M
EPS (basic) 1.04
EPS (diluted) 1.03
FCF / Share 2.89
Dividend $0.66
Dividend Yield 1.82%
Earnings Yield 2.83%
FCF Yield 7.92%
Payout Ratio 62.50%
Shares Short 755,376
Short Ratio 2.05
Short % of Float 2.24%
Beta 1.11
PE Ratio 35.28
Forward PE 12.25
P/FCF Ratio 12.62
PS Ratio 3.77
PB Ratio 4.63
Revenue 433.82M
Operating Income 65.96M
Net Income 46.90M
Free Cash Flow 129.66M
Net Cash -114.11M
Net Cash / Share -2.53
Gross Margin 83.89%
Operating Margin 15.20%
Profit Margin 10.80%
FCF Margin 29.89%
ROA 6.94%
ROE 14.31%
ROIC 25.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (3)

Buy 3
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$45.67*
(25.69% upside)
Low
42.0
Current: $36.34
High
52.0
Target: 45.67
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue413379389405378333334318334352
Revenue Growth9.06%-2.61%-3.99%7.36%13.54%-0.44%5.16%-4.8%-5.12%-
Gross Profit338312320340314298299281297310
Operating Income40.0867.8157.49-29.7114.7580.7463.7467.7910991.48
Net Income26.4049.6729.02-55.73-8.8049.4674.9147.4459.6348.10
Shares Outstanding44.7945.5648.1349.4850.3950.8454.5262.8865.7163.96
Earnings Per Share0.581.080.60-1.13-0.170.961.350.740.880.73
EPS Growth-46.3%80%----28.89%82.43%-15.91%20.55%-
Dividend Per Share0.630.580.520.13------
Dividend Growth9.57%11.65%312%-------
Operating Cash Flow1281211061031051084.5810412696.20
Capital Expenditures2.15-7.25-1.82-5.79-8.85-11.80-5.06-7.74-17.05-9.66
Free Cash Flow13111410497.0695.7095.89-0.4896.3810986.54
Cash & Equivalents174140184250241283231355261322
Total Debt295116122135144---0.360.66
Net Cash / Debt-12123.4261.7011596.90283231355261322
Assets881644719755877703682885864937
Liabilities551320343348355160169247239248
Book Value330324376407522543514638625688
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Progress Software Corporation
Country United States
Employees 1,538
CEO Yogesh K. Gupta

Stock Information

Ticker Symbol PRGS
Stock Exchange NASDAQ
Sector Technology
Industry Software—Application
Unique Identifier NASDAQ: PRGS
IPO Date July 30, 1991

Description

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 capabilities; Progress Kinvey, a platform for building enterprise applications; MOVEit that provides secure collaboration and automated file transfers of critical business information; WhatsUp Gold, a network monitoring solution; and DataRPM, a cognitive predictive maintenance solution for industrial IoT. The Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Hybrid Data Pipeline, a data access service that provides cloud and on-premises data sources for hybrid cloud applications, such as CRM, data management platforms, and hosted analytics. The Application Development and Deployment segment offers Developer Tools, a set of components for user interface development; and Sitefinity, a Web content management and customer analytics platform. The company also provides project management, implementation, custom development, programming, and other services, as well as services to Web-enable applications; and training services. It sells its products to end users, application partners, original equipment manufacturers, and system integrators. The company has operations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.