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Progress Software (PRGS) Stock

Profile

Sector:

Technology

Country:

United States

IPO:

30 July 1991

Indexes:

Not included

Description:

Progress Software Corporation is an American technology company headquartered in Bedford, Massachusetts, providing solutions for developing business applications. It was founded in 1981. Progress Software offerings enable developers to quickly and easily create the most modern applications and include: - OpenEdge software; - User interface development tools; - Data integration solutions (Progress DataDirect Connect); - Secure file transfer solutions (Progress DataDirect Hybrid Data Pipeline); - Network management tools; - Web content management solutions, etc. (Sitefinity).

Key Details

Price

$67.10

TTM Dividend Yield

1.04%(-20.00% YoY)

Annual Revenue

$694.44 M(+15.35% YoY)

Annual EPS

$1.57(-26.98% YoY)

PE Ratio

35.88(+17.22% YoY)

Beta

0.60

Events Calendar

Earnings

Next earnings date:

Jan 16, 2025

Recent quarterly earnings:

Sept 24, 2024

Recent annual earnings:

Jan 16, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Aug 30, 2024
Splits

Next split:

N/A

Recent split:

Jan 31, 2011

Analyst ratings

Recent major analysts updates

22 Oct '24 Oppenheimer
Outperform
25 Sept '24 Oppenheimer
Outperform
25 Sept '24 Guggenheim
Buy
25 Sept '24 DA Davidson
Buy
10 Sept '24 Wedbush
Outperform
10 Sept '24 DA Davidson
Buy
18 July '24 Wedbush
Outperform
26 June '24 Oppenheimer
Outperform
26 June '24 Jefferies
Hold
26 June '24 DA Davidson
Buy

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Institutional Ownership

Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences
Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences
Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences
PRGS
globenewswire.com21 November 2024

Latest Sitefinity release offers out-of-the-box native support for Next.js and Gen AI-powered content workflows--accelerating the delivery of digital experiences BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.

Progress Software Gains 17% in 3 Months: Is the Stock Worth Buying?
Progress Software Gains 17% in 3 Months: Is the Stock Worth Buying?
Progress Software Gains 17% in 3 Months: Is the Stock Worth Buying?
PRGS
zacks.com18 November 2024

PRGS shares rise on full-year revenue growth projections, a diverse portfolio and strategic acquisitions.

Progress Software Corporation (PRGS) Hits Fresh High: Is There Still Room to Run?
Progress Software Corporation (PRGS) Hits Fresh High: Is There Still Room to Run?
Progress Software Corporation (PRGS) Hits Fresh High: Is There Still Room to Run?
PRGS
zacks.com08 November 2024

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.

Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
PRGS
globenewswire.com06 November 2024

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.

Progress Appoints Amanda Arria to the Role of Chief People Officer
Progress Appoints Amanda Arria to the Role of Chief People Officer
Progress Appoints Amanda Arria to the Role of Chief People Officer
PRGS
globenewswire.com28 October 2024

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.

Progress Software Corporation (PRGS) Hit a 52 Week High, Can the Run Continue?
Progress Software Corporation (PRGS) Hit a 52 Week High, Can the Run Continue?
Progress Software Corporation (PRGS) Hit a 52 Week High, Can the Run Continue?
PRGS
zacks.com17 October 2024

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.

Deciphering Progress Software (PRGS) International Revenue Trends
Deciphering Progress Software (PRGS) International Revenue Trends
Deciphering Progress Software (PRGS) International Revenue Trends
PRGS
zacks.com30 September 2024

Examine the evolution of Progress Software's (PRGS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Progress Software (PRGS) Upgraded to Buy: Here's Why
Progress Software (PRGS) Upgraded to Buy: Here's Why
Progress Software (PRGS) Upgraded to Buy: Here's Why
PRGS
zacks.com26 September 2024

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.

Progress Software Beats Q3 Estimates: Guidance Raise to Lift Shares?
Progress Software Beats Q3 Estimates: Guidance Raise to Lift Shares?
Progress Software Beats Q3 Estimates: Guidance Raise to Lift Shares?
PRGS
zacks.com25 September 2024

PRGS' third-quarter fiscal 2024 results benefit from robust demand for multiple products in its portfolio.

Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
PRGS
seekingalpha.com25 September 2024

Progress Software's acquisition of ShareFile is a game-changer, expected to significantly boost recurring revenue and operating margins despite short-term cash flow challenges. PRGS is trading at an attractive valuation of 11x next year's free cash flow, making $60 per share a bargain entry point. Despite competitive pressures from Microsoft and IBM, Progress Software's diverse product portfolio and strong customer retention position it well for future growth.

FAQ

  • What is the primary business of Progress Software?
  • What is the ticker symbol for Progress Software?
  • Does Progress Software pay dividends?
  • What sector is Progress Software in?
  • What industry is Progress Software in?
  • What country is Progress Software based in?
  • When did Progress Software go public?
  • Is Progress Software in the S&P 500?
  • Is Progress Software in the NASDAQ 100?
  • Is Progress Software in the Dow Jones?
  • When was Progress Software's last earnings report?
  • When does Progress Software report earnings?
  • Should I buy Progress Software stock now?

What is the primary business of Progress Software?

Progress Software Corporation is an American technology company headquartered in Bedford, Massachusetts, providing solutions for developing business applications. It was founded in 1981. Progress Software offerings enable developers to quickly and easily create the most modern applications and include: - OpenEdge software; - User interface development tools; - Data integration solutions (Progress DataDirect Connect); - Secure file transfer solutions (Progress DataDirect Hybrid Data Pipeline); - Network management tools; - Web content management solutions, etc. (Sitefinity).

What is the ticker symbol for Progress Software?

The ticker symbol for Progress Software is NASDAQ:PRGS

Does Progress Software pay dividends?

Yes, Progress Software pays dividends. The last payment was $0.17, with an ex-dividend date on 30 August 2024

What sector is Progress Software in?

Progress Software is in the Technology sector

What industry is Progress Software in?

Progress Software is in the Software Infrastructure industry

What country is Progress Software based in?

Progress Software is headquartered in United States

When did Progress Software go public?

Progress Software's initial public offering (IPO) was on 30 July 1991

Is Progress Software in the S&P 500?

No, Progress Software is not included in the S&P 500 index

Is Progress Software in the NASDAQ 100?

No, Progress Software is not included in the NASDAQ 100 index

Is Progress Software in the Dow Jones?

No, Progress Software is not included in the Dow Jones index

When was Progress Software's last earnings report?

Progress Software's most recent earnings report was on 24 September 2024

When does Progress Software report earnings?

The next expected earnings date for Progress Software is 16 January 2025

Should I buy Progress Software stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions