Progress Software Corporation (PRGS)

NASDAQ: PRGS · IEX Real-Time Price · USD
59.99
+0.14 (0.23%)
At close: May 26, 2023, 4:00 PM
58.80
-1.19 (-1.98%)
After-hours: May 26, 2023, 6:47 PM EDT
0.23%
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]

Sector Technology
IPO Date Jul 30, 1991
Employees 2,071
Stock Exchange NASDAQ
Ticker Symbol PRGS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$60.71
(1.20% upside)
Analyst Consensus: Buy
Stock Forecasts

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

1 month ago - GlobeNewsWire

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...

1 month ago - GlobeNewsWire

Progress Announces First Quarter 2023 Financial Results

Revenue and Earnings Per Share Exceed Guidance  ARR surges to $569M; MarkLogic Integration Underway

2 months ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

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

2 months ago - GlobeNewsWire

Progress Releases Corporate Social Responsibility Report for 2022

Fourth annual report highlights company's ongoing commitment to inclusivity, charitable giving and sustainability

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

Progress Completes Acquisition of MarkLogic

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

3 months ago - GlobeNewsWire

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”

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

4 months ago - Market Watch

Progress Reports 2022 Fiscal Fourth Quarter and Year End Results

Q4 EPS Ahead of Guidance

4 months ago - GlobeNewsWire

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

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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

5 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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

6 months ago - GlobeNewsWire

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

7 months ago - GlobeNewsWire

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

7 months ago - GlobeNewsWire

Progress Announces Third Quarter 2022 Financial Results

Revenue and EPS Exceed Prior Guidance

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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

8 months ago - GlobeNewsWire

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

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire