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PRGS Stock Chart & Stats
$43.53
$2.03(5.38%)
At close: 4:00 PM EDT
$43.53
$2.03(5.38%)
Day’s Range― - ―
52-Week Range$23.82 - $47.37
Previous CloseN/A
Volume138.41K
Average Volume (3M)458.86K
Market Cap
$1.90B
Enterprise Value$2.61K
Total Cash (Recent Filing)$102.98M
Total Debt (Recent Filing)$1.33B
Price to Earnings (P/E)21.6
Beta0.67
Next Earnings
Sep 29, 2026EPS Estimate
1.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.09
Shares Outstanding41,012,943
10 Day Avg. Volume369,114
30 Day Avg. Volume458,856
Financial Highlights & Ratios
PEG Ratio3.25
Price to Book (P/B)3.77
Price to Sales (P/S)1.84
P/FCF Ratio7.86
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$54.75Price Target Upside25.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)6.16
Revenue Forecast (FY)$997.49M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationRobust operating and free cash flow provides internal funding for debt repayment, product investment and selective acquisitions. FCF closely tracking earnings also indicates that reported profitability is supported by cash rather than aggressive accounting.
High-margin Recurring Software ModelHigh gross margins and recurring maintenance and subscription revenue support durable economics. Full customer retention with stable expansion potential can improve revenue visibility and help preserve profitability as Progress cross-sells its portfolio.
Broader Data And AI Platform CapabilitiesThe Domo transaction can materially broaden Progress’s data, analytics, governance and AI capabilities. Combining these assets with its existing integration and infrastructure portfolio may strengthen customer relevance and create cross-selling opportunities.
Bears Say
Elevated Leverage And Limited Balance-sheet FlexibilityThe substantial debt burden leaves less flexibility for investment, acquisitions or unexpected weakness. Higher financing costs or slower growth could constrain cash allocation, while the Domo purchase adds pressure before synergies are realized.
Modest Underlying Recurring GrowthLimited ARR expansion suggests the core subscription base is not yet accelerating materially. Modest organic growth can restrict operating leverage and increases reliance on acquisitions, pricing or portfolio changes to sustain overall revenue progress.
Cash-flow Upside May Not Be Fully RepeatableCollection improvements can boost cash temporarily without representing stronger underlying demand or profitability. If working-capital benefits fade, recurring free cash flow may grow more slowly, reducing the pace of potential deleveraging.
Progress Software News
PRGS FAQ
What was Progress Software Corp.’s price range in the past 12 months?
Progress Software Corp. lowest stock price was $23.82 and its highest was $47.37 in the past 12 months.
What is Progress Software Corp.’s market cap?
Progress Software Corp.’s market cap is $1.90B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Sep 29, 2026 which is in 27 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Jun 30, 2026. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.489 by $0.131.
Is Progress Software Corp. overvalued?
According to Wall Street analysts Progress Software Corp.’s price is currently Undervalued.
Does Progress Software Corp. pay dividends?
Progress Software Corp. pays a Quarterly dividend of $0.175 which represents an annual dividend yield of N/A. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.52.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 41,012,943 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.62 in its last earnings report, beating expectations of $1.489. Following the earnings report the stock price went up 16.617%.
Which hedge fund is a major shareholder of Progress Software Corp.?
Currently, no hedge funds are holding shares in PRGS
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Progress Software Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$54.75 (25.78% Upside)
$54.75 (25.78% Upside)
Blogger Sentiment
Neutral
PRGS Sentiment 60%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 236.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.31%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-2.82%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Progress Software Corp.
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.
PRGS Company Deck
PRGS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial update: Progress exceeded expectations across revenue, EPS, margins, and free cash flow in Q2, raised full-year guidance, improved collections, and continued deleveraging while highlighting strong product momentum (notably the data platform and AI-related wins such as the NVIDIA Chef partnership). Key risks and constraints were also clearly acknowledged — ARR growth remains modest at 2% pro forma, total leverage is still significant (~2.9x), some of the quarter's outperformance was timing-driven, and a portion of cash flow gains reflected one-time collection improvements. Management signaled disciplined capital allocation, opportunistic M&A appetite, and confidence in continued execution. Overall, positives (outperformance, margin and cash generation, balance sheet improvement, product momentum and raised guidance) outweigh the negatives (modest ARR growth, substantial absolute debt, and some timing-driven variability).View all PRGS earnings summariesPRGS Stock 12 Month Forecast
Average Price Target
$54.75
▲(25.78% Upside)
Technical Analysis
Ownership Overview
2.29% Insiders
38.12% Mutual Funds
23.97% Other Institutional Investors
1.19% Public Companies and
Individual Investors