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)641.33K
Market Cap
$1.32B
Enterprise Value$2.14B
Total Cash (Recent Filing)$113.17M
Total Debt (Recent Filing)$869.63M
Price to Earnings (P/E)15.6
Beta0.64
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. Volume710,401
30 Day Avg. Volume641,325
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 Cap1.62
Enterprise Value/Revenue2.16
Enterprise Value/Gross Profit2.66
Enterprise Value/Ebitda12.23
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 GenerationConsistently strong operating and free cash flow provides durable internal funding for R&D, integration work, buybacks and debt repayment. High conversion (~0.97x net income) underpins capital allocation flexibility and reduces reliance on external financing over the medium term.
Strong Margin ProfileSustained high gross margins and recent operating-margin expansion reflect scalable software economics and pricing power. Durable margin strength supports reinvestment, resilient profitability through cyclical pressures, and the ability to absorb integration costs while preserving cash generation.
Strategic Product Momentum & IntegrationAI product traction and successful ShareFile integration materially expand SaaS capabilities and recurring revenue mix. These strategic moves deepen product stickiness, broaden addressable use cases and improve long-term retention potential versus legacy on-premises models.
Bears Say
Elevated LeverageHigh absolute debt and multi-turn leverage constrain financial flexibility and raise refinancing and interest-service risk. Although management plans paydowns, elevated leverage increases sensitivity to operating setbacks and limits strategic optionality for M&A or large investments.
Sluggish Top-Line GrowthVery modest revenue and ARR growth limits the company's ability to scale operating leverage and expand market share. In a competitive software market, persistently low top-line growth pressures long-term margin expansion potential and reduces room to invest without sacrificing returns.
SaaS Volatility & NRR Slightly Below TargetNRR under 100% plus billing/integration-driven SaaS volatility indicate recurring revenue instability. Legal/geopolitical churn examples and billing cleanups make subscription predictability weaker, complicating forecasting and increasing reliance on collections and operational fixes.
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 $1.32B.
When is Progress Software’s upcoming earnings report date?
Progress Software’s upcoming earnings report date is Jun 30, 2026 which is in 19 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 428.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 3.0%
Last 30 Days ▼ 3.0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-50.78%
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 (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
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
2.15% Insiders
35.89% Mutual Funds
24.46% Other Institutional Investors
6.21% Public Companies and Individual Investors