Progress Software Corp. (PRGS)
NASDAQ:PRGS
PRGS Stock Chart & Stats
$29.02
-$0.73(-1.14%)
At close: 4:00 PM EST
$29.02
-$0.73(-1.14%)
Day’s Range― - ―
52-Week Range$23.82 - $65.50
Previous CloseN/A
Volume81.75K
Average Volume (3M)1.30M
Market Cap
$1.21B
Enterprise Value$1.93B
Total Cash (Recent Filing)$113.17M
Total Debt (Recent Filing)$835.51M
Price to Earnings (P/E)19.3
Beta0.42
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. Volume1,600,854
30 Day Avg. Volume1,298,563
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 Cap1.60
Enterprise Value/Revenue1.96
Enterprise Value/Gross Profit2.41
Enterprise Value/Ebitda14.21
Forecast
1Y Price Target
$52.50Price Target Upside80.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)5.98
Revenue Forecast (FY)$993.34M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationProgress converts earnings to cash reliably (FCF ~0.97x net income TTM) with rising OCF. Durable free cash flow supports debt reduction, buybacks and reinvestment, giving management flexibility to fund product development and strategic M&A without depending on external financing.
Very High Gross MarginsSustained ~80%+ gross margins reflect scalable software and product-led economics. High gross margins create structural profit leverage, enabling healthy operating margins and cash flow even with modest revenue growth, and provide capacity to invest in R&D and sales to drive medium-term product adoption.
Active Deleveraging And Capital AllocationManagement is prioritizing balance sheet repair and shareholder returns via targeted debt paydown and share repurchases while retaining revolver capacity. Reducing leverage and disciplined buybacks improve financial flexibility and lower refinancing risk over the medium term, strengthening resilience.
Bears Say
Elevated LeverageHigher absolute debt and leverage increase sensitivity to interest-rate moves and operational setbacks. Leverage has improved but remains a structural constraint on flexibility; refinancing of convertible notes could raise interest expense and compress net margins if revenue or cash flow weaken.
Slowing Top-line / Modest ARR GrowthRevenue and ARR growth have decelerated meaningfully versus prior years, limiting operating leverage potential. With modest organic growth guidance, long-term margin and cash trajectory depends more on efficiency and renewals than expansion, constraining upside from market share gains.
SaaS Volatility And Legal Churn RiskCustomer-specific legal rulings and integration/billing issues have produced churn and sequential SaaS revenue swings. Such structural execution and geopolitical/legal risks can depress retention and recurring revenue predictability, requiring continued investment in billing, collections and compliance to stabilize NRR.
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 $1.21B.
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 82 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
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$52.50 (80.91% Upside)
$52.50 (80.91% 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
Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 2.8%
Last 30 Days ▲ 2.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-49.43%
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
▲(80.91% Upside)
Technical Analysis
Ownership Overview
Currently, No data available
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