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Progress Software Corp. (DE:PGR)
FRANKFURT:PGR
PGR Stock Chart & Stats
€31.00
€0.00(0.00%)
At close: 4:00 PM EST
€31.00
€0.00(0.00%)
Day’s Range― - ―
52-Week Range€29.60 - €56.50
Previous CloseN/A
Volume0.00
Average Volume (3M)98.00
Market Cap
€1.28B
Enterprise Value€2.49B
Total Cash (Recent Filing)€94.81M
Total Debt (Recent Filing)€850.99M
Price to Earnings (P/E)20.1
Beta0.35
Next Earnings
Mar 31, 2026EPS Estimate
1.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.28
Shares Outstanding42,113,647
10 Day Avg. Volume10
30 Day Avg. Volume98
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€51.96Price Target Upside67.60% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Free Cash Flow StrengthProgress delivered materially stronger free cash flow in FY25 (adjusted FCF $247M, up 16%) and guidance implies sustained high FCF in FY26. Durable cash conversion funds debt reduction, buybacks, and product investment, supporting long‑term financial flexibility and execution.
High Recurring Revenue MixWith ARR comprising over 87% of revenue and pro forma ARR ~$852M plus ~100% net retention, Progress has predictable, recurring top‑line streams. This recurring base increases revenue visibility, stabilizes cash flow, and supports longer‑term planning and margin sustainability.
Product Innovation & IntegrationSuccessful integration of acquisitions (ShareFile, Nuclea) and rollout of AI features (Agentic RAD, Sitefinity generative content) broaden product capabilities and cross‑sell potential. These durable product and platform strengths enhance market positioning and competitive differentiation over time.
Bears Say
Elevated LeverageSignificant post‑acquisition debt (~$1.4B, ~3.4x net leverage) constrains strategic flexibility and raises refinancing and interest exposure. Even with planned repayments, elevated leverage increases vulnerability to slower cash conversion or macro pressures and limits balance sheet optionality.
Modest Organic ARR GrowthOrganic ARR growth running near ~2% indicates limited underlying expansion despite product and AI investments. Reliance on acquisitions for top‑line gains reduces long‑term revenue compounding and implies more effort is needed to drive durable, customer‑led ARR acceleration.
Working Capital / Collections PressureDSO lengthened to 73 days, indicating slower collections and weaker cash conversion timing. Persistent working capital deterioration can pressure liquidity, increase short‑term financing needs, and complicate the company’s ability to repay debt or fund growth without relying on external capital.
Progress Software News
PGR FAQ
What was Progress Software Corp.’s price range in the past 12 months?
Progress Software Corp. lowest stock price was €29.60 and its highest was €56.50 in the past 12 months.
What is Progress Software Corp.’s market cap?
Progress Software Corp.’s market cap is €1.28B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Mar 31, 2026 which is in 36 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Jan 20, 2026. The company reported €1.277 earnings per share for the quarter, beating the consensus estimate of €1.11 by €0.167.
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. does not currently pay dividends.
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.33.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 42,113,647 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of €1.277 in its last earnings report, beating expectations of €1.11. Following the earnings report the stock price went up 3.529%.
Which hedge fund is a major shareholder of Progress Software Corp.?
Currently, no hedge funds are holding shares in DE:PGR
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:
€51.96 (67.60% Upside)
€51.96 (67.60% Upside)
Blogger Sentiment
Bullish
DE:PGR Sentiment 80%
Sector Average 69%
Sector Average 69%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.69%
12-Months-Change
Fundamentals
Return on Equity
15.95%
Trailing 12-Months
Asset Growth
-2.74%
Trailing 12-Months
Company Description
Progress Software Corp.
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
PGR Company Deck
PGR Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong financial results (30% revenue growth, $978M annual revenue), successful integration of ShareFile and Nuclea, robust Q4 operating performance, solid free cash flow growth, and continued AI product innovation. Counterbalancing these positives are modest organic ARR growth (~2%), elevated leverage (~3.4x) due to acquisition financing, rising operating expenses from the acquisition, and some early signs of working capital pressure (DSO +6 days). Management articulated clear plans to repay debt, maintain disciplined M&A, and expects FY26 revenue near $1 billion with continued profitability and free cash flow. Overall, the momentum and execution successes outweigh the risks, but leverage and modest organic growth are notable cautions.View all DE:PGR earnings summariesPGR Stock 12 Month Forecast
Average Price Target
€51.96
▲(67.60% Upside)
Technical Analysis
Options Prices
Currently, No data available
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