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Progress Software Corporation (PRGS)

28.99 -0.20 (-0.69%)
At close: May 19 at 4:00:00 PM EDT
Trade PRGS on Coinbase
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  • Previous Close 29.19
  • Open 29.76
  • Bid 21.24 x 100
  • Ask 36.90 x 200
  • Day's Range 28.69 - 30.16
  • 52 Week Range 23.82 - 65.50
  • Volume 460,438
  • Avg. Volume 1,030,545
  • Market Cap (intraday) 1.22B
  • Beta (5Y Monthly) 0.78
  • PE Ratio (TTM) 14.87
  • EPS (TTM) 1.95
  • Earnings Date (est.) Jun 29, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date Aug 30, 2024
  • 1y Target Est 50.83

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

www.progress.com

2,801

Full Time Employees

November 30

Fiscal Year Ends

Technology

Sector

Performance Overview: PRGS

Trailing total returns as of 5/19/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PRGS
32.52%
S&P 500 (^GSPC)
7.42%

1-Year Return

PRGS
53.90%
S&P 500 (^GSPC)
23.31%

3-Year Return

PRGS
48.62%
S&P 500 (^GSPC)
75.42%

5-Year Return

PRGS
30.48%
S&P 500 (^GSPC)
78.67%

Earnings Trends: PRGS

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 247.8M
Earnings 68.3M

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
50M
100M
150M
200M
250M

Analyst Insights: PRGS

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Analyst Price Targets

34.00
50.83 Average
28.99 Current
83.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 4/1/2026
Analyst Citigroup
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 60 -> 46

Statistics: PRGS

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Valuation Measures

Annual
As of 5/8/2026
  • Market Cap

    1.26B

  • Enterprise Value

    2.52B

  • Trailing P/E

    15.32

  • Forward P/E

    4.98

  • PEG Ratio (5yr expected)

    1.00

  • Price/Sales (ttm)

    1.32

  • Price/Book (mrq)

    2.52

  • Enterprise Value/Revenue

    2.55

  • Enterprise Value/EBITDA

    7.98

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.61%

  • Return on Assets (ttm)

    4.66%

  • Return on Equity (ttm)

    18.27%

  • Revenue (ttm)

    987.61M

  • Net Income Avi to Common (ttm)

    85M

  • Diluted EPS (ttm)

    1.95

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    113.17M

  • Total Debt/Equity (mrq)

    275.77%

  • Levered Free Cash Flow (ttm)

    247.74M

Compare To: PRGS

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Company Insights: PRGS

Fair Value

28.99 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports: PRGS

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  • Lowering target price to $26.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $26.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
  • Raising target price to $28.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $28.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
  • Lowering target price to $26.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $26.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target
  • Raising target price to $29.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $29.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Low; a Financial Strength Subrating of Low; a Growth Subrating of High; and a Value Subrating of Low.

    Rating
    Price Target

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