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Progress Software Corporation (PRGS)

46.45 +0.47 (+1.02%)
At close: October 23 at 4:00:00 PM EDT
46.05 -0.40 (-0.86%)
After hours: October 23 at 4:02:44 PM EDT
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Chart Range Bar
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  • Previous Close 45.98
  • Open 45.98
  • Bid 33.27 x 200
  • Ask 58.16 x 200
  • Day's Range 45.28 - 46.51
  • 52 Week Range 23.82 - 47.25
  • Volume 354,389
  • Avg. Volume 549,851
  • Market Cap (intraday) 1.899B
  • Beta (5Y Monthly) 0.89
  • PE Ratio (TTM) 21.41
  • EPS (TTM) 2.17
  • Earnings Date Sep 30, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 56.20
  • Motley Fool Rating Bullish

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

Trailing total returns as of 10/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

PRGS
8.12%
S&P 500 (^GSPC)
11.37%

1-Year Return

PRGS
3.06%
S&P 500 (^GSPC)
13.14%

3-Year Return

PRGS
6.37%
S&P 500 (^GSPC)
80.78%

5-Year Return

PRGS
5.49%
S&P 500 (^GSPC)
67.74%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 246M
Earnings 22.78M
Profit Margin 9.26%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
50M
100M
150M
200M
250M
8.5%
9.0%
9.5%
10.0%

Analyst Insights

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Analyst Price Targets

40.00 Low
56.20 Average
46.45 Current
83.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/2/2026
Analyst DA Davidson
Rating Action Maintains
Rating Buy
Price Action Maintains
Price Target 55 -> 55

Statistics

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Valuation Measures

Annual
As of 9/22/2026
  • Market Cap

    1.67B

  • Enterprise Value

    2.89B

  • Trailing P/E

    19.72

  • Forward P/E

    6.47

  • PEG Ratio (5yr expected)

    1.29

  • Price/Sales (ttm)

    1.74

  • Price/Book (mrq)

    3.29

  • Enterprise Value/Revenue

    2.88

  • Enterprise Value/EBITDA

    9.01

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    9.24%

  • Return on Assets (ttm)

    5.13%

  • Return on Equity (ttm)

    18.34%

  • Revenue (ttm)

    999.93M

  • Net Income Avi to Common (ttm)

    92.41M

  • Diluted EPS (ttm)

    2.17

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    113.65M

  • Total Debt/Equity (mrq)

    238.70%

  • Levered Free Cash Flow (ttm)

    320.52M

Compare

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Company Insights

Fair Value

46.45 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

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  • Raising target price to $46.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $46.000000; 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 High.

  • Raising target price to $41.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $41.000000; 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 High.

  • Lowering target price to $39.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $39.000000; 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 Medium.

  • Lowering target price to $41.00

    PROGRESS SOFTWARE CORP has an Investment Rating of HOLD; a target price of $41.000000; 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 High.

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