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PRGS Stock Chart & Stats
$30.93
-$0.73(-1.14%)
At close: 4:00 PM EST
$30.93
-$0.73(-1.14%)
Day’s Range― - ―
52-Week Range$23.82 - $51.28
Previous CloseN/A
Volume81.75K
Average Volume (3M)871.50K
Market Cap
$1.65B
Enterprise Value$2.02B
Total Cash (Recent Filing)$102.98M
Total Debt (Recent Filing)$1.33B
Price to Earnings (P/E)19.4
Beta0.60
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. Volume628,690
30 Day Avg. Volume871,496
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 Cap1.22
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit2.54
Enterprise Value/Ebitda7.04
Forecast
1Y Price Target
$54.75Price Target Upside77.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)6.13
Revenue Forecast (FY)$996.91M
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationSustained, high FCF relative to earnings indicates the company converts reported profits into real cash. This durable cash generation supports multi-year deleveraging, buybacks, disciplined M&A, and reinvestment in product development without relying on external financing.
High Software MarginsElevated gross and operating margins reflect scalable software economics and pricing power across product lines. Margin durability supports returns even through modest revenue growth, funding R&D and go-to-market while preserving cash conversion and long-term profitability.
Product Momentum & Customer RetentionStrong product relevance in data and AI plus a 100% net retention rate signal entrenched customer relationships and cross-sell opportunity. Durable product-market fit reduces churn risk, supports recurring revenue stability, and underpins organic growth over multiple quarters.
Bears Say
High Absolute LeverageA sizable absolute debt load and elevated leverage constrain financial flexibility. Rising rates or slower cash conversion would pressure interest and refinancing capacity, limiting the firm's ability to invest, pursue large M&A, or absorb cyclical revenue declines over the medium term.
Modest ARR ExpansionLow recurring revenue growth indicates limited organic expansion of the subscription base. For a software firm, persistently modest ARR growth reduces long-term revenue visibility and makes sustained margin and cash expansion more dependent on non-recurring deals or cost leverage.
Timing-Driven Revenue & Cash VariabilityReliance on contract timing and one-time collection improvements makes quarter-to-quarter results and free cash flow less predictable. Structural forecasting and operating decisions become harder if a portion of recent gains are non-recurring, raising execution risk over several quarters.
Progress Software News
PRGS FAQ
What was Progress Software’s price range in the past 12 months?
Progress Software lowest stock price was $23.82 and its highest was $51.28 in the past 12 months.
What is Progress Software’s market cap?
Progress Software’s market cap is $1.65B.
When is Progress Software’s upcoming earnings report date?
Progress Software’s upcoming earnings report date is Sep 29, 2026 which is in 73 days.
How were Progress Software’s earnings last quarter?
Progress Software 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 overvalued?
According to Wall Street analysts Progress Software’s price is currently Undervalued.
Does Progress Software pay dividends?
Progress Software pays a Quarterly dividend of $0.175 which represents an annual dividend yield of N/A. See more information on Progress Software dividends here
What is Progress Software’s EPS estimate?
Progress Software’s EPS estimate is 1.52.
How many shares outstanding does Progress Software have?
Progress Software has 41,012,943 shares outstanding.
What happened to Progress Software’s price movement after its last earnings report?
Progress Software 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?
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
Underperform
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Analyst Consensus
Strong Buy
Average Price Target:
$54.75 (77.01% Upside)
$54.75 (77.01% Upside)
Blogger Sentiment
Neutral
PRGS Sentiment 50%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 428.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-16.82%
12-Months-Change
Fundamentals
Return on Equity
17.82%
Trailing 12-Months
Asset Growth
-2.82%
Trailing 12-Months
Company Description
Progress Software
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 Stock 12 Month Forecast
Average Price Target
$54.75
▲(77.01% Upside)
Technical Analysis
Ownership Overview
2.32% Insiders
38.12% Mutual Funds
0.33% Other Institutional Investors
25.32% Public Companies and
Individual Investors