My Portfolio
My Watchlists
Profile & Performance
Smart Portfolio
Find & Follow Experts
Top Lists
Top Experts
Make Better, Data Driven Investment Decisions
TipRanks tools are all you need to make data-driven investment decisions, conduct comprehensive stock research, find new investment ideas, analyze your portfolio, and follow the best-performing Wall Street experts.
About Us
Plans & Pricing
Progress Software Corp. (PRGS)
NASDAQ:PRGS
PRGS nasdaq
United States
Progress Software

Progress Software Stock Analysis & Ratings

Progress Software Stock Analysis Overview

Smart Score
7
Neutral
1
2
3
4
5
6
7
8
9
10
Learn more about TipRanks Smart Score
The Progress Software stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

Stock Chart

PRGS

PRGS Stock Stats

Previous Close$48.41
Open$48.48
Bid49.16 x 100
Ask50 x 200
Today’s Range$48.19 - $49.16
52-Week Range$39.91 - $53.99
Volume264.02K
Average Volume325.98K
Market Cap$2.16B
Beta1.17
P/E Ratio26.7
EPS1.81
Earnings DateJan 12, 2022
Dividend & Yield0.7 (1.44%)
Ex-Dividend DateNov 30, 2021

Company Description

Progress Software Corp.

Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.
Sector
Technology
Industry
Software
CEO
Yogesh K. Gupta
Employees
1,796
ISIN
US7433121008
Address
14 Oak Park, Bedford, MA, 01730, US

Financials


P/E Ratio Range

The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.

PRGS FAQ

What was Progress Software’s price range in the past 12 months?
Progress Software lowest stock price was $39.91 and its highest was $53.99 in the past 12 months.
    What is Progress Software’s market cap?
    Progress Software’s market cap is $2.16B.
      What is Progress Software’s price target?
      The average price target for Progress Software is $57.00. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
      The highest analyst price target is $60.00 ,the lowest forecast is $50.00. The average price target represents 15.95% Increase from the current price of $49.16.
        What do analysts say about Progress Software?
        Progress Software’s analyst rating consensus is a ‘Strong Buy. This is based on the ratings of 4 Wall Streets Analysts.
          When is Progress Software’s upcoming earnings report date?
          Progress Software’s upcoming earnings report date is Jan 12, 2022 which is in 40 days.
            How were Progress Software’s earnings last quarter?
            Progress Software released its earnings results on Sep 23, 2021. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.822 by $0.358.
              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 $0.17 which represents an annual dividend yield of 1.44%. Progress Software’s last Quarterly dividend payment was on Dec 15, 2021. Progress Software’s upcoming ex-dividend date is Nov 30, 2021
                  What is Progress Software’s EPS estimate?
                  Progress Software’s EPS estimate for its next earnings report is not yet available.
                  How many shares outstanding does Progress Software have?
                  Progress Software has 43,840,000 shares outstanding.
                    What happened to Progress Software’s price movement after its last earnings report?
                    Progress Software reported an EPS of $1.18 in its last earnings report, beating expectations of $0.822. Following the earnings report the stock price went up 17.447%.
                      Which hedge fund is a major shareholder of Progress Software?
                      Among the largest hedge funds holding Progress Software’s share is Caxton Associates LP. It holds Progress Software’s shares valued at 399K.

                        What's Included in PREMIUM?
                        Make informed decisions based on Top Analysts' activity
                        Know what industry insiders are buying
                        Get actionable alerts from top Wall Street Analysts
                        Find out before anyone else which stock is going to shoot up
                        Get powerful stock screeners & detailed portfolio analysis