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Progress Software Corp. (PRGS)
NASDAQ:PRGS
PRGS Stock Chart & Stats
$32.06
-$0.73(-1.14%)
At close: 4:00 PM EST
$32.06
-$0.73(-1.14%)
Day’s Range― - ―
52-Week Range$31.96 - $65.50
Previous CloseN/A
Volume81.75K
Average Volume (3M)1.08M
Market Cap
$1.35B
Enterprise Value$2.13B
Total Cash (Recent Filing)$94.81M
Total Debt (Recent Filing)$850.99M
Price to Earnings (P/E)24.7
Beta0.39
Next Earnings
Mar 30, 2026EPS Estimate
1.57Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.51
Shares Outstanding42,113,647
10 Day Avg. Volume675,114
30 Day Avg. Volume1,079,498
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 Cap1.58
Enterprise Value/Revenue2.18
Enterprise Value/Gross Profit2.70
Enterprise Value/Ebitda13.36
Forecast
1Y Price Target
$61.25Price Target Upside91.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)5.88
Revenue Forecast (FY)$993.34M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationConsistent, improving free cash flow demonstrates durable earnings quality and cash conversion. High FCF enables internal investment, debt paydown, share repurchases and cushions cyclical weakness, supporting sustained funding for product development and strategic initiatives over the next several years.
High Recurring Revenue MixA large, recurring ARR base with 100% net retention provides durable revenue visibility and reduces cyclicality. With ARR comprising most revenue, renewal predictability supports margin stability, planning for R&D and sales investments, and steady cash flow even if new-sales growth moderates.
M&A Integration & Product InnovationSuccessful integration of acquisitions and rapid AI product rollouts signal operational execution and growing product breadth. This strengthens competitive positioning, expands cross-sell opportunities, and embeds AI capabilities into core offerings—structural advantages that can lift long-term revenue mix and customer value.
Bears Say
Modest Organic ARR GrowthLow organic ARR expansion limits the company's ability to grow revenue without acquisitions. Over time, subpar organic growth pressures operating leverage and reduces upside from product improvements, increasing dependence on M&A to hit aggregate revenue targets and sustain long-term growth rates.
Elevated LeverageHigh absolute debt and near-term refinancing/repayment tasks constrain financial flexibility. Elevated leverage limits ability to fund organic projects or opportunistic M&A, raises covenant and interest exposure, and makes results more sensitive to cash-collection slippage or margin pressures over a multi-quarter horizon.
Rising Cost Base & Working-capital PressureA materially higher cost base combined with longer DSO (collections deterioration) compresses free cash flow and margin upside. Persistently elevated operating expenses reduce return on incremental revenue and make leveraging fixed-cost scale harder unless organic ARR growth and monetization of AI meaningfully accelerate.
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 $31.96 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 $1.35B.
When is Progress Software Corp.’s upcoming earnings report date?
Progress Software Corp.’s upcoming earnings report date is Mar 30, 2026 which is in 11 days.
How were Progress Software Corp.’s earnings last quarter?
Progress Software Corp. released its earnings results on Jan 20, 2026. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.313 by $0.197.
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 1.57.
How many shares outstanding does Progress Software Corp. have?
Progress Software Corp. has 42,113,647 shares outstanding.
What happened to Progress Software Corp.’s price movement after its last earnings report?
Progress Software Corp. reported an EPS of $1.51 in its last earnings report, beating expectations of $1.313. Following the earnings report the stock price went up 10.622%.
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:
$61.25 (91.05% Upside)
$61.25 (91.05% 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 ▲ 0.2%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-39.24%
12-Months-Change
Fundamentals
Return on Equity
15.89%
Trailing 12-Months
Asset Growth
-2.74%
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
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong financial results (30% revenue growth, $978M annual revenue), successful integration of ShareFile and Nuclea, robust Q4 operating performance, solid free cash flow growth, and continued AI product innovation. Counterbalancing these positives are modest organic ARR growth (~2%), elevated leverage (~3.4x) due to acquisition financing, rising operating expenses from the acquisition, and some early signs of working capital pressure (DSO +6 days). Management articulated clear plans to repay debt, maintain disciplined M&A, and expects FY26 revenue near $1 billion with continued profitability and free cash flow. Overall, the momentum and execution successes outweigh the risks, but leverage and modest organic growth are notable cautions.View all PRGS earnings summariesPRGS Stock 12 Month Forecast
Average Price Target
$61.25
▲(91.05% Upside)
Technical Analysis
Ownership Overview
Currently, No data available
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