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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 - $47.25
Previous CloseN/A
Volume138.41K
Average Volume (3M)612.80K
Market Cap
$1.67B
Enterprise Value$3.07B
Total Cash (Recent Filing)$113.65M
Total Debt (Recent Filing)$1.27B
Price to Earnings (P/E)18.6
Beta0.71
Next Earnings
Jan 19, 2027EPS Estimate
1.28Next Dividend Ex-DateN/A
Dividend Yield1.2%
Share Statistics
EPS (TTM)2.19
Shares Outstanding40,874,190
10 Day Avg. Volume621,301
30 Day Avg. Volume612,804
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 Cap1.84
Enterprise Value/Revenue3.07
Enterprise Value/Gross Profit3.85
Enterprise Value/Ebitda9.97
Forecast
1Y Price Target
$51.00Price Target Upside17.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)6.18
Revenue Forecast (FY)$1.04B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationProgress generates substantial operating and free cash flow, while conversion close to net income supports earnings quality. This recurring cash capacity can fund product investment, debt reduction, customer support, and strategic initiatives without relying entirely on external capital.
High Software MarginsThe company’s high gross-margin structure is consistent with an enterprise software model and provides meaningful economic capacity above direct delivery costs. Sustained profitability can support continued research investment and help preserve cash generation across normal revenue fluctuations.
Broader AI PlatformDomo expands Progress beyond its existing infrastructure and application tools into a broader data and AI platform. A more complete offering may improve cross-selling, strengthen strategic relevance to enterprise customers, and position the company for structural demand around governed AI adoption.
Bears Say
Elevated LeverageHigher leverage leaves Progress with less financial flexibility and increases the importance of sustained cash generation. Debt obligations can constrain capital allocation, make integration spending harder to absorb, and increase sensitivity to weaker operating performance or additional financing needs.
Weak Revenue TrajectoryThe sharp TTM revenue contraction is a material challenge to earnings durability because software growth supports operating leverage and customer expansion. Even with healthy margins, prolonged top-line weakness could limit reinvestment capacity and make future profit growth more dependent on cost control.
Domo Churn And Integration PressureDomo’s expected seat-based churn creates a durable integration and retention risk while the acquired business is being repositioned toward consumption pricing. Customer losses and integration-related margin pressure could offset some strategic benefits before synergies and the broader platform opportunity mature.
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 $47.25 in the past 12 months.
What is Progress Software Corp.’s market cap?
Progress Software Corp.’s market cap is $1.67B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Jan 19, 2027 which is in 92 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Sep 30, 2026. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.515 by $0.175.
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 1.2%. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.28.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 40,874,190 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.69 in its last earnings report, beating expectations of $1.515. Following the earnings report the stock price went down -8.481%.
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:
$51.00 (17.16% Upside)
$51.00 (17.16% Upside)
Blogger Sentiment
Neutral
PRGS Sentiment 60%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 236.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.6%
Last 30 Days ▲ 5.2%
Last 30 Days ▲ 5.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-8.98%
12-Months-Change
Fundamentals
Return on Equity
18.36%
Trailing 12-Months
Asset Growth
-4.92%
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
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call was predominantly positive, featuring Q3 revenue in line with guidance, strong 43% operating margins, 13% EPS growth, substantial free cash flow improvement, debt paydown, customer expansion, and raised fiscal 2026 guidance. The principal challenges were expected Domo seat-based churn and services declines, temporary fiscal 2027 margin compression, acquisition-related interest expense, and potential slight pressure from a greater SaaS mix.View all PRGS earnings summariesPRGS Stock 12 Month Forecast
Average Price Target
$51.00
▲(17.16% Upside)
Technical Analysis
Ownership Overview
2.28% Insiders
38.24% Mutual Funds
0.33% Other Institutional Investors
24.40% Public Companies and
Individual Investors