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...

• Industry: Software - Application
• Sector: Technology
• IPO Date: Jul 30, 1991
• Employees: 2,071
• Stock Exchange: NASDAQ
• Ticker Symbol: PRGS

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%.

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