Progress Software (PRGS)
NASDAQ:PRGS
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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 - $65.50
Previous CloseN/A
Volume81.75K
Average Volume (3M)898.38K
Market Cap
$1.23B
Enterprise Value$1.98B
Total Cash (Recent Filing)$113.17M
Total Debt (Recent Filing)$869.63M
Price to Earnings (P/E)19.3
Beta0.60
Next Earnings
Jun 30, 2026EPS Estimate
1.49Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.99
Shares Outstanding42,078,610
10 Day Avg. Volume559,877
30 Day Avg. Volume898,380
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 Cap1.61
Enterprise Value/Revenue2.00
Enterprise Value/Gross Profit2.46
Enterprise Value/Ebitda11.31
Forecast
1Y Price Target
$52.50Price Target Upside69.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)5.98
Revenue Forecast (FY)$993.34M
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationProgress converts reported earnings into cash reliably (TTM operating cash flow $265M; FCF $258M, ~0.97x net income). This durable cash generation funds debt paydown, buybacks, R&D and inorganic activity, supporting capital allocation and financial flexibility over the next 2–6 months.
High Gross And Operating MarginsThe software licensing and maintenance model sustains very high gross margins (~81–85%), and management targets operating margins near ~39% (Q1 >41%). Durable margin structure underpins long‑term cash flow, funds reinvestment, and cushions earnings versus cyclical revenue swings.
Recurring ARR And Product MomentumA sizable ARR base (~$863M) plus AI-driven product wins and the accretive ShareFile acquisition strengthen recurring revenue and SaaS capability. This portfolio and integration progress support stable renewals, cross‑sell and incremental SaaS scale over the medium term.
Bears Say
Elevated LeverageAbsolute debt and elevated leverage (net ~3.1x; debt-to-equity ~1.68) reduce financial flexibility and increase sensitivity to higher interest costs after refinancing. Even with planned paydown, servicing debt constrains capital allocation and raises execution risk if cash flow weakens.
Slowing Revenue GrowthTop-line momentum has slowed to low single digits (TTM revenue ~1%, ARR ~2%, FY26 guide ~1–2%). Modest growth limits operating leverage benefits from high margins, constrains long‑term EPS expansion drivers and raises reliance on non‑organic initiatives or efficiency gains.
NRR Shortfall And SaaS VolatilityNRR at 99% and temporary SaaS revenue volatility tied to billing/integration cleanup plus an isolated legal-driven churn episode highlight retention and operational risks. Persistent or recurring issues could erode recurring revenue stability and raise customer concentration or geopolitical exposure concerns.
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 $65.50 in the past 12 months.
What is Progress Software’s market cap?
Progress Software’s market cap is $1.23B.
When is Progress Software’s upcoming earnings report date?
Progress Software’s upcoming earnings report date is Jun 30, 2026 which is in 41 days.
How were Progress Software’s earnings last quarter?
Progress Software released its earnings results on Mar 30, 2026. The company reported $1.6 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.03.
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 1.49.
How many shares outstanding does Progress Software have?
Progress Software has 42,078,610 shares outstanding.
What happened to Progress Software’s price movement after its last earnings report?
Progress Software reported an EPS of $1.6 in its last earnings report, beating expectations of $1.57. Following the earnings report the stock price went down -9.268%.
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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$52.50 (69.74% Upside)
$52.50 (69.74% Upside)
Blogger Sentiment
Bullish
PRGS Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 29.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-53.90%
12-Months-Change
Fundamentals
Return on Equity
17.82%
Trailing 12-Months
Asset Growth
-2.75%
Trailing 12-Months
Company Description
Progress Software
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.
PRGS Company Deck
PRGS Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveys a predominantly positive operational and financial picture: solid revenue growth (+4% YoY), strong margin expansion (operating margin >41%), meaningful EPS improvement (+22% YoY), record cash generation (adjusted FCF $99M), and clear capital allocation actions (debt paydown, buybacks). AI-driven product momentum, ShareFile integration progress, and improved collections are notable strengths. Offsetting items are modest: NRR at 99% (slightly below the 100% target), a discrete churn event driven by external legal action, SaaS revenue volatility from integration/billing cleanup, and elevated absolute debt with expected higher interest expense following refinancing. On balance the positives (profitability, cash flow, product momentum and disciplined capital allocation) outweigh the lowlights, though management is conservative in full-year top-line guidance.View all PRGS earnings summariesPRGS Stock 12 Month Forecast
Average Price Target
$52.50
▲(69.74% Upside)
Technical Analysis
Ownership Overview
2.17% Insiders
38.37% Mutual Funds
24.44% Other Institutional Investors
3.74% Public Companies and Individual Investors