Progress Software Corp. (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)1.14M
Market Cap
$1.15B
Enterprise Value$1.92B
Total Cash (Recent Filing)$113.17M
Total Debt (Recent Filing)$869.63M
Price to Earnings (P/E)19.3
Beta0.58
Next Earnings
Jun 30, 2026EPS Estimate
1.49Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.60
Shares Outstanding42,078,610
10 Day Avg. Volume1,182,333
30 Day Avg. Volume1,139,637
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 Cap1.67
Enterprise Value/Revenue1.95
Enterprise Value/Gross Profit2.40
Enterprise Value/Ebitda11.01
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 And ConversionConsistent, high OCF and FCF with FCF ≈0.97x net income indicate durable earnings quality and cash conversion. That steady cash generation supports reinvestment, debt reduction and buybacks, providing financial flexibility through business cycles and enabling long-term strategic choices.
Very High Gross MarginsGross margins in the low‑80s reflect scalable software/SaaS economics and low incremental cost of sales. This structural margin base supports operating leverage and resilient cash flow even if top-line growth moderates, allowing durable profitability and investment capacity.
Disciplined Capital Allocation & LiquidityManagement is prioritizing deleveraging and targeted buybacks while retaining large revolver capacity. Executed paydowns and planned $250M reduction are structural actions that lower refinancing risk, improve balance sheet optionality and increase resilience to shocks over the medium term.
Bears Say
Elevated LeverageRelative equity is modest and leverage remains elevated, increasing sensitivity to earnings volatility. High absolute debt can raise interest and refinancing risk, limit flexibility for large strategic investments, and magnify the impact of any margin or revenue setbacks on returns.
Slowing Revenue / Modest ARR GrowthTop-line momentum has decelerated to low single‑digit ARR and revenue growth, constraining the company’s ability to leverage scale for faster margin or profit expansion. With limited organic growth, value creation increasingly depends on margin gains, cash returns and M&A execution.
NRR, Churn And SaaS Revenue VolatilityNRR under 100% and an isolated legal-driven churn event highlight contract-level and regulatory/geopolitical risks. Combined with billing and integration-driven SaaS volatility, this reduces ARR predictability and makes subscription growth and renewal economics less stable over time.
Progress Software News
PRGS FAQ
What was Progress Software Corp.’s price range in the past 12 months?
Progress Software Corp. lowest stock price was $23.82 and its highest was $65.50 in the past 12 months.
What is Progress Software Corp.’s market cap?
Progress Software Corp.’s market cap is $1.15B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Jun 30, 2026 which is in 61 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. 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 Corp. overvalued?
According to Wall Street analysts Progress Software Corp.’s price is currently Undervalued.
Does Progress Software Corp. pay dividends?
Progress Software Corp. pays a Quarterly dividend of $0.175 which represents an annual dividend yield of N/A. See more information on Progress Software Corp. dividends here
What is Progress Software Corp.’s EPS estimate?
Progress Software Corp.’s EPS estimate is 1.49.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 42,078,610 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. 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 Corp.?
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
Underperform
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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 80%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 29.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 1.1%
Last 30 Days ▼ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-44.76%
12-Months-Change
Fundamentals
Return on Equity
17.82%
Trailing 12-Months
Asset Growth
-2.75%
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.
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
39.40% Mutual Funds
4.92% Other Institutional Investors
22.69% Public Companies and Individual Investors