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Technology - Software - Application - NASDAQ - US
$ 66.51
-1.1 %
$ 2.85 B
Market Cap
35.76
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one PRGS stock under the base case scenario is HIDDEN Compared to the current market price of 66.5 USD, Progress Software Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PRGS

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FINANCIALS
694 M REVENUE
15.35%
111 M OPERATING INCOME
-16.35%
70.2 M NET INCOME
-26.16%
174 M OPERATING CASH FLOW
-9.49%
-360 M INVESTING CASH FLOW
-5817.60%
51.2 M FINANCING CASH FLOW
155.83%
179 M REVENUE
2.06%
40.3 M OPERATING INCOME
28.57%
28.5 M NET INCOME
75.83%
57.7 M OPERATING CASH FLOW
-11.58%
-1.06 M INVESTING CASH FLOW
-11.41%
-17.5 M FINANCING CASH FLOW
-224.67%
Balance Sheet Decomposition Progress Software Corporation
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Current Assets 331 M
Cash & Short-Term Investments 127 M
Receivables 156 M
Other Current Assets 48 M
Non-Current Assets 1.27 B
Long-Term Investments 28.4 M
PP&E 33.9 M
Other Non-Current Assets 1.21 B
Current Liabilities 352 M
Accounts Payable 12.4 M
Short-Term Debt 33.3 M
Other Current Liabilities 306 M
Non-Current Liabilities 791 M
Long-Term Debt 724 M
Other Non-Current Liabilities 67.1 M
EFFICIENCY
Earnings Waterfall Progress Software Corporation
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Revenue 694 M
Cost Of Revenue 127 M
Gross Profit 568 M
Operating Expenses 438 M
Operating Income 111 M
Other Expenses 40.3 M
Net Income 70.2 M
RATIOS
81.77% GROSS MARGIN
81.77%
15.92% OPERATING MARGIN
15.92%
10.11% NET MARGIN
10.11%
15.27% ROE
15.27%
4.38% ROA
4.38%
8.16% ROIC
8.16%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Progress Software Corporation
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Net Income 70.2 M
Depreciation & Amortization 103 M
Capital Expenditures -5.57 M
Stock-Based Compensation 40.5 M
Change in Working Capital -23.3 M
Others -24.7 M
Free Cash Flow 168 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Progress Software Corporation
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Wall Street analysts predict an average 1-year price target for PRGS of $69 , with forecasts ranging from a low of $55 to a high of $80 .
PRGS Lowest Price Target Wall Street Target
55 USD -17.31%
PRGS Average Price Target Wall Street Target
69 USD 3.74%
PRGS Highest Price Target Wall Street Target
80 USD 20.28%
4. DIVIDEND ANALYSIS
0.31% DIVIDEND YIELD
0.175 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Progress Software Corporation
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Sold
0-3 MONTHS
1.57 M USD 7
3-6 MONTHS
955 K USD 5
6-9 MONTHS
6.02 M USD 7
9-12 MONTHS
5.28 M USD 7
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 04, 2024
Sell 107 K USD
Jarrett Loren
EVP/GM Digital Experience
- 1666
63.97 USD
2 weeks ago
Nov 01, 2024
Sell 41.5 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 649
64.02 USD
2 weeks ago
Nov 01, 2024
Sell 149 K USD
LoCoco Domenic
Chief Accounting Officer
- 2330
64.02 USD
3 weeks ago
Oct 23, 2024
Sell 114 K USD
Pitt Ian
Chief Information Officer
- 1747
65.07 USD
1 month ago
Oct 16, 2024
Sell 517 K USD
FOLGER ANTHONY
Chief Financial Officer
- 7678
67.3801 USD
1 month ago
Oct 16, 2024
Sell 8.08 K USD
FOLGER ANTHONY
Chief Financial Officer
- 119
67.868 USD
1 month ago
Oct 01, 2024
Sell 538 K USD
Gupta Yogesh K
Chief Executive Officer
- 8028
67.005 USD
1 month ago
Oct 02, 2024
Sell 93.2 K USD
WANG YUFAN STEPHANIE
Chief Legal Officer
- 1428
65.25 USD
3 months ago
Aug 01, 2024
Sell 17.4 K USD
LoCoco Domenic
Chief Accounting Officer
- 300
58.11 USD
4 months ago
Jul 16, 2024
Sell 558 K USD
Jarrett Loren
EVP/GM Digital Experience
- 9961
55.98 USD
4 months ago
Jul 05, 2024
Sell 32.1 K USD
Pitt Ian
Chief Information Officer
- 584
55 USD
4 months ago
Jul 01, 2024
Sell 158 K USD
Kulikoski Kathryn
Chief People Officer
- 2918
54.09 USD
5 months ago
Jun 03, 2024
Sell 190 K USD
FOLGER ANTHONY
Chief Financial Officer
- 3767
50.5 USD
6 months ago
May 15, 2024
Sell 331 K USD
Kulikoski Kathryn
Chief People Officer
- 6450
51.34 USD
6 months ago
May 14, 2024
Sell 1.56 M USD
Ainsworth John
EVP/GM App & Data Platform
- 30631
51.03 USD
6 months ago
May 06, 2024
Sell 39.5 K USD
WANG YUFAN STEPHANIE
Chief Legal Officer
- 779
50.67 USD
6 months ago
Apr 30, 2024
Sell 29.1 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 584
49.89 USD
7 months ago
Apr 11, 2024
Sell 1.02 M USD
KRALL DAVID
Director
- 20000
51 USD
7 months ago
Apr 01, 2024
Sell 2.48 M USD
Gupta Yogesh K
Chief Executive Officer
- 47212
52.4809 USD
7 months ago
Apr 01, 2024
Sell 192 K USD
Gupta Yogesh K
Chief Executive Officer
- 3596
53.3573 USD
7 months ago
Apr 02, 2024
Sell 66.9 K USD
Pitt Ian
Chief Information Officer
- 1283
52.14 USD
8 months ago
Mar 01, 2024
Sell 305 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 5799
52.58 USD
9 months ago
Feb 09, 2024
Sell 142 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 2475
57.38 USD
9 months ago
Feb 02, 2024
Sell 287 K USD
Kane Charles Francis
Director
- 5000
57.37 USD
9 months ago
Feb 02, 2024
Sell 431 K USD
FOLGER ANTHONY
Chief Financial Officer
- 7500
57.4064 USD
9 months ago
Jan 31, 2024
Sell 430 K USD
FOLGER ANTHONY
Chief Financial Officer
- 7500
57.312 USD
9 months ago
Feb 02, 2024
Sell 182 K USD
Pitt Ian
Chief Information Officer
- 3168
57.4037 USD
9 months ago
Feb 01, 2024
Sell 279 K USD
LoCoco Domenic
Chief Accounting Officer
- 4893
57 USD
9 months ago
Feb 01, 2024
Sell 13.4 K USD
LoCoco Domenic
Chief Accounting Officer
- 236
56.81 USD
9 months ago
Feb 01, 2024
Sell 1.82 M USD
Gupta Yogesh K
Chief Executive Officer
- 32128
56.7824 USD
9 months ago
Feb 01, 2024
Sell 463 K USD
Gupta Yogesh K
Chief Executive Officer
- 8046
57.5973 USD
9 months ago
Jan 18, 2024
Sell 257 K USD
LoCoco Domenic
Chief Accounting Officer
- 4503
57 USD
10 months ago
Jan 08, 2024
Sell 39.1 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 750
52.12 USD
10 months ago
Jan 02, 2024
Sell 438 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 8109
54.0246 USD
11 months ago
Dec 14, 2023
Sell 81.8 K USD
Kulikoski Kathryn
Chief People Officer
- 1487
55 USD
11 months ago
Dec 14, 2023
Sell 32.1 K USD
Pitt Ian
Chief Information Officer
- 584
55 USD
11 months ago
Dec 01, 2023
Sell 114 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 2119
53.6352 USD
1 year ago
Nov 17, 2023
Sell 172 K USD
Pitt Ian
Chief Information Officer
- 3222
53.5053 USD
1 year ago
Nov 15, 2023
Sell 91.8 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 1704
53.88 USD
1 year ago
Nov 08, 2023
Sell 15.9 K USD
LoCoco Domenic
Chief Accounting Officer
- 300
52.84 USD
1 year ago
Nov 06, 2023
Sell 55.1 K USD
Kulikoski Kathryn
Chief People Officer
- 1060
52 USD
1 year ago
Oct 02, 2023
Sell 78.1 K USD
Kulikoski Kathryn
Chief People Officer
- 1487
52.5 USD
1 year ago
Oct 03, 2023
Sell 40.4 K USD
WANG YUFAN STEPHANIE
Chief Legal Officer
- 778
51.94 USD
1 year ago
Sep 01, 2023
Sell 199 K USD
Kulikoski Kathryn
Chief People Officer
- 3265
61.06 USD
1 year ago
Aug 18, 2023
Sell 147 K USD
FOLGER ANTHONY
Chief Financial Officer
- 2513
58.4414 USD
1 year ago
Aug 21, 2023
Sell 590 K USD
FOLGER ANTHONY
Chief Financial Officer
- 10000
58.9947 USD
1 year ago
Aug 15, 2023
Sell 12.1 K USD
LoCoco Domenic
Chief Accounting Officer
- 200
60.26 USD
1 year ago
Jul 31, 2023
Sell 63.7 K USD
Kulikoski Kathryn
Chief People Officer
- 1061
60 USD
1 year ago
Aug 01, 2023
Sell 88.7 K USD
Kulikoski Kathryn
Chief People Officer
- 1487
59.62 USD
1 year ago
Jul 03, 2023
Sell 123 K USD
Kulikoski Kathryn
Chief People Officer
- 2122
57.87 USD
1 year ago
Jun 01, 2023
Sell 89.5 K USD
Kulikoski Kathryn
Chief People Officer
- 1500
59.69 USD
1 year ago
May 25, 2023
Sell 27.7 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 461
60 USD
1 year ago
May 15, 2023
Sell 141 K USD
Kulikoski Kathryn
Chief People Officer
- 2526
55.6432 USD
1 year ago
May 15, 2023
Sell 12.6 K USD
LoCoco Domenic
Chief Accounting Officer
- 226
55.62 USD
1 year ago
May 08, 2023
Sell 12.7 K USD
WANG YUFAN STEPHANIE
Chief Legal Officer
- 234
54.39 USD
1 year ago
Apr 20, 2023
Sell 1.33 M USD
Jarrett Loren
EVP/GM Digital Experience
- 23490
56.5763 USD
1 year ago
Apr 20, 2023
Sell 751 K USD
Jarrett Loren
EVP/GM Digital Experience
- 13271
56.5669 USD
1 year ago
Apr 20, 2023
Sell 524 K USD
Jarrett Loren
EVP/GM Digital Experience
- 9267
56.5719 USD
1 year ago
Apr 05, 2023
Sell 1.09 M USD
Kane Charles Francis
Director
- 20000
54.3406 USD
1 year ago
Apr 04, 2023
Sell 195 K USD
FOLGER ANTHONY
Chief Financial Officer
- 3502
55.7974 USD
1 year ago
Apr 04, 2023
Sell 15.4 K USD
FOLGER ANTHONY
Chief Financial Officer
- 273
56.42 USD
1 year ago
Feb 15, 2023
Sell 9.04 K USD
LoCoco Domenic
Chief Accounting Officer
- 156
57.97 USD
1 year ago
Feb 07, 2023
Sell 50.8 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 875
58 USD
1 year ago
Feb 06, 2023
Sell 259 K USD
Jarrett Loren
EVP/GM Digital Experience
- 4629
55.8962 USD
1 year ago
Feb 03, 2023
Sell 226 K USD
Pitt Ian
Chief Information Officer
- 3970
56.8171 USD
1 year ago
Feb 01, 2023
Sell 30.6 K USD
Subramanian Sundar
EVP/GM Infrastructure Mgmt
- 556
55 USD
1 year ago
Feb 01, 2023
Sell 632 K USD
SEGAL JEREMY
EVP, Corporate Development
- 11820
53.4402 USD
1 year ago
Feb 02, 2023
Sell 653 K USD
SEGAL JEREMY
EVP, Corporate Development
- 11677
55.9462 USD
1 year ago
Feb 01, 2023
Sell 493 K USD
Gupta Yogesh K
Chief Executive Officer
- 8968
55.0045 USD
1 year ago
Feb 02, 2023
Sell 617 K USD
Gupta Yogesh K
Chief Executive Officer
- 11032
55.9111 USD
1 year ago
Feb 02, 2023
Sell 278 K USD
FOLGER ANTHONY
Chief Financial Officer
- 5000
55.6975 USD
1 year ago
Jan 30, 2023
Sell 22.4 K USD
Kulikoski Kathryn
Chief People Officer
- 425
52.7 USD
1 year ago
Jan 09, 2023
Sell 621 K USD
FOLGER ANTHONY
Chief Financial Officer
- 11863
52.3483 USD
1 year ago
Jan 17, 2023
Sell 537 K USD
Gupta Yogesh K
Chief Executive Officer
- 10000
53.6616 USD
1 year ago
Jan 11, 2023
Sell 5.3 K USD
Subramanian Sundar
EVP/GM DevOps
- 100
53 USD
1 year ago
Dec 21, 2022
Sell 247 K USD
Gupta Yogesh K
Chief Executive Officer
- 5000
49.4318 USD
1 year ago
Dec 01, 2022
Sell 540 K USD
Gupta Yogesh K
Chief Executive Officer
- 10000
54.0137 USD
1 year ago
Nov 21, 2022
Sell 257 K USD
Gupta Yogesh K
Chief Executive Officer
- 5000
51.3163 USD
2 years ago
Nov 16, 2022
Sell 20.8 K USD
Ortiz Jennifer
EVP, Corporate Marketing
- 397
52.49 USD
2 years ago
Nov 15, 2022
Sell 26.1 K USD
LoCoco Domenic
Chief Accounting Officer
- 500
52.1192 USD
2 years ago
Nov 15, 2022
Sell 15.6 K USD
LoCoco Domenic
Chief Accounting Officer
- 300
52.0132 USD
2 years ago
Nov 15, 2022
Sell 10.4 K USD
LoCoco Domenic
Chief Accounting Officer
- 200
51.9876 USD
2 years ago
Nov 10, 2022
Sell 520 K USD
Gupta Yogesh K
Chief Executive Officer
- 10000
52.0096 USD
2 years ago
Nov 04, 2022
Sell 201 K USD
Jarrett Loren
EVP & GM Developer Tools
- 4115
48.9351 USD
2 years ago
Nov 04, 2022
Sell 4.94 K USD
Jarrett Loren
EVP & GM Developer Tools
- 100
49.38 USD
2 years ago
Oct 28, 2022
Sell 25.5 K USD
LoCoco Domenic
Chief Accounting Officer
- 500
50.9429 USD
2 years ago
Oct 26, 2022
Sell 6.45 K USD
Kulikoski Kathryn
Chief People Officer
- 129
50 USD
2 years ago
Oct 21, 2022
Sell 232 K USD
Gupta Yogesh K
Chief Executive Officer
- 5000
46.3567 USD
2 years ago
Oct 12, 2022
Sell 13.9 K USD
Kulikoski Kathryn
Chief People Officer
- 308
45 USD
2 years ago
Oct 03, 2022
Sell 55.1 K USD
SEGAL JEREMY
EVP, Corporate Development
- 1258
43.82 USD
7. News
Progress Software Corporation (PRGS) Hits Fresh High: Is There Still Room to Run? Progress Software (PRGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. zacks.com - 1 week ago
Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership Enduring partnership highlights both companies' dedication to providing cutting-edge cybersecurity solutions for customers throughout the Middle East BURLINGTON, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced 10 years of partnership with emt Distribution—a leading cybersecurity distributor in the Middle East and Africa. globenewswire.com - 1 week ago
Progress Completes Acquisition of ShareFile ShareFile's AI-powered, document-centric collaboration platform expands Progress' industry-leading product portfolio and marks a major milestone in the company's Total Growth Strategy BURLINGTON, Mass., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the completion of the acquisition of ShareFile, a business unit of Cloud Software Group, Inc., providing a SaaS-native, AI-powered, document-centric collaboration platform, focusing on industry segments including business and professional services, financial services, industrial and healthcare. globenewswire.com - 2 weeks ago
Progress Appoints Amanda Arria to the Role of Chief People Officer Accomplished industry leader with proven track record in developing people strategies and creating impactful employee experiences for global multi-billion-dollar organizations to enhance award-winning best employer BURLINGTON, Mass., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the appointment of Amanda Arria as Chief People Officer (CPO), effective October 28, 2024. globenewswire.com - 2 weeks ago
Progress Software Corporation (PRGS) Hit a 52 Week High, Can the Run Continue? Progress Software (PRGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. zacks.com - 1 month ago
Progress AI-Powered Flowmon Introduces Up to 10x Search Acceleration for Faster Cyberthreat Hunting and Network Troubleshooting IP Address Indexing is the first in a series of major performance and scalability enhancements to the Flowmon AI-powered Network Detection and Response & Network Visibility offerings. BURLINGTON, Mass. globenewswire.com - 1 month ago
Progress Announces Winners of the 2024 OpenEdge North America Partner Awards Announced during the OpenEdge World Tour and PUG Challenge Americas event, the awards recognize partners for their exemplary collaboration, modern business applications and exceptional commitment to customers BURLINGTON, Mass., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Progress, the trusted provider of AI-powered infrastructure software, today announced the winners of its 2024 OpenEdge North America Partner Awards. globenewswire.com - 1 month ago
Deciphering Progress Software (PRGS) International Revenue Trends Examine the evolution of Progress Software's (PRGS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects. zacks.com - 1 month ago
Progress Software (PRGS) Upgraded to Buy: Here's Why Progress Software (PRGS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 1 month ago
Progress Software Corporation (PRGS) Soars to 52-Week High, Time to Cash Out? Progress Software (PRGS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. zacks.com - 1 month ago
Top 3 Tech Stocks That Are Ticking Portfolio Bombs As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. benzinga.com - 1 month ago
8. Profile Summary

Progress Software Corporation PRGS

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 2.85 B
Dividend Yield 0.31%
Description 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.
Contact 15 Wayside Road, Burlington, MA, 01803 https://www.progress.com
IPO Date July 30, 1991
Employees 2284
Officers Ms. Jennifer Ortiz Executive Vice President of Marketing Mr. Yogesh K. Gupta Chief Executive Officer, President & Director Mr. Brian Flanagan Directory of Treasury & Investor Relations Mr. Sundar Subramanian Executive Vice President & GM of Infrastructure Management Mr. Ian Pitt Executive Vice President & Chief Information Officer Ms. YuFan Wang Executive Vice President, Chief Legal Officer & Secretary Mr. Jeremy Segal Executive Vice President of Corporate Development Mr. John Ainsworth Executive Vice President & GM of Application & Data Platform Ms. Loren Weinberg Jarrett Executive Vice President & GM of Digital Experience Mr. Domenic Lococo Chief Accounting Officer