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Technology - Software - Application - NASDAQ - US
$ 56.45
0.498 %
$ 2.43 B
Market Cap
44.45
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PRGS stock under the worst case scenario is HIDDEN Compared to the current market price of 56.5 USD, Progress Software Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PRGS stock under the base case scenario is HIDDEN Compared to the current market price of 56.5 USD, Progress Software Corporation is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one PRGS stock under the best case scenario is HIDDEN Compared to the current market price of 56.5 USD, Progress Software Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PRGS

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$70.0$70.0$68.0$68.0$66.0$66.0$64.0$64.0$62.0$62.0$60.0$60.0$58.0$58.0$56.0$56.0$54.0$54.0$52.0$52.0$50.0$50.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
753 M REVENUE
8.49%
124 M OPERATING INCOME
12.20%
68.4 M NET INCOME
-2.51%
211 M OPERATING CASH FLOW
21.60%
-858 M INVESTING CASH FLOW
-138.06%
641 M FINANCING CASH FLOW
1151.90%
238 M REVENUE
10.72%
32.4 M OPERATING INCOME
50.82%
10.9 M NET INCOME
854.32%
68.9 M OPERATING CASH FLOW
250.86%
-2.48 M INVESTING CASH FLOW
99.71%
-58.9 M FINANCING CASH FLOW
-8.11%
Balance Sheet Progress Software Corporation
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Current Assets 369 M
Cash & Short-Term Investments 118 M
Receivables 198 M
Other Current Assets 52.5 M
Non-Current Assets 2.16 B
Long-Term Investments 0
PP&E 44.6 M
Other Non-Current Assets 2.11 B
4.67 %7.85 %83.64 %Total Assets$2.5b
Current Liabilities 455 M
Accounts Payable 13.9 M
Short-Term Debt 9.2 M
Other Current Liabilities 432 M
Non-Current Liabilities 1.63 B
Long-Term Debt 823 M
Other Non-Current Liabilities 811 M
20.69 %39.39 %38.81 %Total Liabilities$2.1b
EFFICIENCY
Earnings Waterfall Progress Software Corporation
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Revenue 753 M
Cost Of Revenue 130 M
Gross Profit 623 M
Operating Expenses 499 M
Operating Income 124 M
Other Expenses 55.6 M
Net Income 68.4 M
800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00753m(130m)623m(499m)124m(56m)68mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
82.68% GROSS MARGIN
82.68%
16.46% OPERATING MARGIN
16.46%
9.08% NET MARGIN
9.08%
15.60% ROE
15.60%
2.71% ROA
2.71%
4.33% ROIC
4.33%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Progress Software Corporation
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250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 68.4 M
Depreciation & Amortization 103 M
Capital Expenditures -5.21 M
Stock-Based Compensation 46.8 M
Change in Working Capital 0
Others 1.01 M
Free Cash Flow 206 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 $70.1 , with forecasts ranging from a low of $55 to a high of $80 .
PRGS Lowest Price Target Wall Street Target
55 USD -2.57%
PRGS Average Price Target Wall Street Target
70.1 USD 24.26%
PRGS Highest Price Target Wall Street Target
80 USD 41.72%
Price
Max Price Target
Min Price Target
Average Price Target
80807575707065656060555550504545May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.02% DIVIDEND YIELD
0.175 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.8000.8000.7000.7000.6000.6000.5000.5000.4000.4000.3000.3000.2000.2000.1000.1000.0000.0000.1250.140.1550.1650.1750.1750.1750.1750.1250.140.1550.1650.1750.1750.1750.1750.1250.140.1550.1650.1750.1750.1750.1750.1250.500.140.560.1550.620.1650.660.1750.700.1750.700.1750.700.1750.700.00201620162017201720182018201920192020202020212021202220222023202320242024
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5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership Progress Software Corporation
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Sold
0-3 MONTHS
1.96 M USD 4
3-6 MONTHS
411 K USD 4
6-9 MONTHS
1.17 M USD 4
9-12 MONTHS
2.9 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
7. News
Progress Software Q1 Earnings & Revenues Beat Estimates, Stock Up PRGS' first-quarter fiscal 2025 results benefit from strong demand, strategic acquisition, and an improved financial outlook. zacks.com - 2 weeks ago
Progress Unveils Powerful AI Tools in ShareFile Platform to Dramatically Increase Efficiency and Productivity Advanced capabilities strengthen data security, streamline workflows and accelerate document collection by nearly 3.5x BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced purpose-built AI in Progress® ShareFile®, the SaaS-native document collaboration platform. globenewswire.com - 2 weeks ago
Progress MOVEit Recognized in G2's Best IT Infrastructure Products List for Third Consecutive Year Managed file transfer solution recognized for excellence based on user reviews BURLINGTON, Mass., April 01, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that its Progress® MOVEit® managed file transfer (MFT) software has been recognized with a 2025 Best Software Award from G2 in the Best IT Infrastructure Products category. globenewswire.com - 2 weeks ago
Progress Software Corporation (PRGS) Q1 2025 Earnings Call Transcript Progress Software Corporation (NASDAQ:PRGS ) Q1 2025 Earnings Conference Call March 31, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani – Citi Pinjalim Bora - JPMorgan Lucky Schreiner - D. A. Davidson John DiFucci - Guggenheim Securities Operator Good day, and thank you for standing by. seekingalpha.com - 2 weeks ago
Progress Software (PRGS) Reports Q1 Earnings: What Key Metrics Have to Say While the top- and bottom-line numbers for Progress Software (PRGS) give a sense of how the business performed in the quarter ended February 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago
Progress Software (PRGS) Q1 Earnings and Revenues Top Estimates Progress Software (PRGS) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.25 per share a year ago. zacks.com - 2 weeks ago
Progress Announces First Quarter 2025 Financial Results Annualized Recurring Revenue ("ARR") of $836 million Grew 48% year-over-year Revenue of $238 million Grew 29% year-over-year ShareFile Integration Underway BURLINGTON, Mass., March 31, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2025. globenewswire.com - 2 weeks ago
Insights Into Progress Software (PRGS) Q1: Wall Street Projections for Key Metrics Beyond analysts' top -and-bottom-line estimates for Progress Software (PRGS), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended February 2025. zacks.com - 3 weeks ago
ShareFile Named a Visionary in 2024 Gartner® Magic Quadrant™ for Document Management ShareFile is recognized for its completeness of vision and ability to execute BURLINGTON, Mass., March 25, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that Progress® ShareFile® has been recognized by Gartner as a Visionary in the 2024 Gartner Magic Quadrant for Document Management1. globenewswire.com - 3 weeks ago
Progress to Report First Quarter 2025 Financial Results on March 31, 2025 BURLINGTON, Mass.,, March 17, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2025 after the market close on Monday, March 31, 2025. globenewswire.com - 1 month ago
Progress Releases Over 50 Free Enterprise-grade UI Components for React Developers Developers gain access to market-leading components and UI customization tools free of charge BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it is offering over 50 enterprise-grade UI components from Progress® KendoReact™, the most comprehensive React UI library for business application development, for free. globenewswire.com - 1 month ago
Progress Chef Platform Named to Constellation ShortList™ for DevOps The annual vendors list recognizes Chef as a top offering for digital leaders reinventing operations and transforming business models BURLINGTON, Mass., March 11, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it has been named to the Constellation ShortList™ for DevOps in Q1 2025. globenewswire.com - 1 month ago
8. Profile Summary

Progress Software Corporation PRGS

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 2.43 B
Dividend Yield 0.02%
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 2815
Officers Mr. John Ainsworth Executive Vice President and GM of Application & Data Platform Ms. YuFan Wang Executive Vice President, Chief Legal Officer, Chief Compliance Officer & Corporate Secretary Ms. Amanda Arria Chief People Officer Mr. Jeremy Segal Executive Vice President of Corporate Development Mr. Ian Pitt Executive Vice President & Chief Information Officer Mr. Michael Micciche Senior Vice President of Investor Relations Ms. Jennifer Ortiz Executive Vice President of Marketing Mr. Sundar Subramanian Executive Vice President & GM of Infrastructure Management Ms. Loren Weinberg Jarrett Executive Vice President & GM of Digital Experience Mr. Yogesh K. Gupta Chief Executive Officer, President & Director