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PRGS Stock Chart & Stats
$37.85
$2.03(5.38%)
At close: 4:00 PM EDT
$37.85
$2.03(5.38%)
Day’s Range― - ―
52-Week Range$23.82 - $47.37
Previous CloseN/A
Volume138.41K
Average Volume (3M)857.00K
Market Cap
$1.79B
Enterprise Value$2.61K
Total Cash (Recent Filing)$102.98M
Total Debt (Recent Filing)$1.33B
Price to Earnings (P/E)21.4
Beta0.66
Next Earnings
Sep 29, 2026EPS Estimate
1.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.09
Shares Outstanding41,012,943
10 Day Avg. Volume583,639
30 Day Avg. Volume857,001
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$54.75Price Target Upside44.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)6.16
Revenue Forecast (FY)$997.49M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationConsistent, high operating and free cash flow provide durable funding for debt repayment, share repurchases, and strategic M&A without needing dilutive capital. Over 2–6 months, strong FCF supports deleveraging and preserves flexibility to invest in product development and AI/data initiatives.
Strategic AI/data AcquisitionAcquiring Domo’s AI/data platform and customer base materially expands Progress’s data and AI capabilities, accelerating product roadmap and addressable market. This structural move strengthens recurring revenue mix and cross-sell potential, reinforcing medium-term competitive advantage in data/AI tooling.
High Margins And Operating ProfitabilitySustained high gross margins and solid operating margins reflect scalable software economics and pricing power. Margin durability supports cash conversion and reinvestment capacity, enabling long-term R&D and go‑to‑market investment while absorbing integration costs from strategic deals.
Bears Say
Elevated Leverage And Debt LoadA sizable absolute debt burden and thin equity base constrain financial flexibility and increase refinancing and interest-rate risk. Over the next several quarters, leverage limits the company’s ability to pursue large organic investments or aggressive M&A without materially improving cash generation or paying down debt.
Modest ARR/recurring Revenue GrowthLow ARR growth signals limited organic expansion of the recurring base, weakening a core durability driver for subscription software. Without faster net-new or expansion growth, top-line reliance on timing and one-off items increases, making long-term revenue visibility and multiple-year CAGR execution more challenging.
Revenue Timing And Quarter-to-quarter VariabilityReliance on renewal timing and lumpy enterprise contracts creates volatile near-term revenue recognition and planning. Persisting timing-driven variability complicates forecasting, could mask underlying ARR trends, and can impair the predictability of cash flows needed to sustain deleveraging and long-term investments.
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 $47.37 in the past 12 months.
What is Progress Software’s market cap?
Progress Software’s market cap is $1.79B.
When is Progress Software’s upcoming earnings report date?
Progress Software’s upcoming earnings report date is Sep 29, 2026 which is in 46 days.
How were Progress Software’s earnings last quarter?
Progress Software released its earnings results on Jun 30, 2026. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.489 by $0.131.
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 1.52.
How many shares outstanding does Progress Software have?
Progress Software has 41,012,943 shares outstanding.
What happened to Progress Software’s price movement after its last earnings report?
Progress Software reported an EPS of $1.62 in its last earnings report, beating expectations of $1.489. Following the earnings report the stock price went up 16.617%.
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:
$54.75 (44.65% Upside)
$54.75 (44.65% Upside)
Blogger Sentiment
Bullish
PRGS Sentiment 75%
Sector Average 59%
Sector Average 59%
Hedge Fund Trend
Decreased
By 428.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-24.25%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-2.82%
Trailing 12-Months
Company Description
Progress Software
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.
PRGS Company Deck
PRGS Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial update: Progress exceeded expectations across revenue, EPS, margins, and free cash flow in Q2, raised full-year guidance, improved collections, and continued deleveraging while highlighting strong product momentum (notably the data platform and AI-related wins such as the NVIDIA Chef partnership). Key risks and constraints were also clearly acknowledged — ARR growth remains modest at 2% pro forma, total leverage is still significant (~2.9x), some of the quarter's outperformance was timing-driven, and a portion of cash flow gains reflected one-time collection improvements. Management signaled disciplined capital allocation, opportunistic M&A appetite, and confidence in continued execution. Overall, positives (outperformance, margin and cash generation, balance sheet improvement, product momentum and raised guidance) outweigh the negatives (modest ARR growth, substantial absolute debt, and some timing-driven variability).View all PRGS earnings summariesPRGS Stock 12 Month Forecast
Average Price Target
$54.75
▲(44.65% Upside)
Technical Analysis
Ownership Overview
2.29% Insiders
38.12% Mutual Funds
15.95% Other Institutional Investors
9.32% Public Companies and
Individual Investors