Progress Software Corp

Market Summary

USD53.24+0.15

Delayedas of 08 Dec 2023, 11:09 am

0.28%

PRGS Alerts

2 major insider sales recently.

PRGS Stock Price

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PRGS RSI Chart

PRGS Alerts

2 major insider sales recently.

PRGS Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

29.44

Price/Sales (Trailing)

3.43

EV/EBITDA

17.32

Price/Free Cashflow

13.24

PRGS Price/Sales (Trailing)

PRGS Profitability

Operating Margin

84.31%

EBT Margin

19.51%

Return on Equity

23.77%

Return on Assets

5.98%

Free Cashflow Yield

7.55%

PRGS Fundamentals

PRGS Revenue

Revenue (TTM)

674.6M

Revenue Y/Y

15.72%

Revenue Q/Q

-1.83%

PRGS Earnings

Earnings (TTM)

78.6M

Earnings Y/Y

-12.38%

Earnings Q/Q

57.97%

Price Action

52 Week Range

48.9362.34

(Low)(High)

Last 7 days

-1.4%

Last 30 days

0.3%

Last 90 days

-8.8%

Trailing 12 Months

2.9%

How does PRGS drawdown profile look like?

PRGS Financial Health

Current Ratio

0.87

PRGS Investor Care

Dividend Yield

1.32%

Dividend/Share (TTM)

0.7

Shares Dilution (1Y)

0.82%

Diluted EPS (TTM)

1.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	621.3M	650.8M	674.6M	0
2022	555.0M	581.2M	585.0M	602.0M
2021	453.7M	475.9M	513.6M	531.3M
2020	433.4M	433.8M	436.8M	442.1M
2019	373.1M	380.3M	394.4M	413.3M
2018	402.0M	401.7M	397.0M	379.0M
2017	406.8M	403.9M	399.2M	397.6M
2016	385.7M	393.0M	400.3M	405.3M
2015	339.4M	347.4M	362.7M	377.6M
2014	324.8M	323.9M	325.6M	332.5M
2013	318.9M	326.5M	329.7M	334.0M
2012	355.7M	338.8M	324.5M	317.6M
2011	489.1M	452.4M	412.3M	360.7M
2010	502.8M	511.4M	520.7M	529.1M
2009	510.2M	504.8M	499.5M	494.1M
2008	0	0	0	515.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for PRGS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 01, 2023	subramanian sundar	sold	-113,653	53.6352	-2,119	evp/gm infrastructure mgmt
Nov 17, 2023	pitt ian	sold	-172,394	53.5053	-3,222	chief information officer
Nov 15, 2023	subramanian sundar	sold	-91,811	53.88	-1,704	evp/gm infrastructure mgmt
Nov 08, 2023	lococo domenic	sold	-15,852	52.84	-300	chief accounting officer
Nov 06, 2023	kulikoski kathryn	sold	-55,120	52.00	-1,060	chief people officer
Nov 06, 2023	kulikoski kathryn	acquired	49,989	47.16	1,060	chief people officer
Oct 19, 2023	kane charles francis	gifted	-	-	-3,000	-
Oct 03, 2023	wang yufan stephanie	sold	-40,409	51.94	-778	chief legal officer
Oct 02, 2023	kulikoski kathryn	acquired	63,361	42.61	1,487	chief people officer
Oct 02, 2023	kulikoski kathryn	sold	-78,067	52.5	-1,487	chief people officer

Which funds bought or sold PRGS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Dec 06, 2023	CITIGROUP INC	reduced	-3.69	-2,342,480	15,906,000	0.01%
Nov 27, 2023	USA FINANCIAL FORMULAS	reduced	-3.43	-10,879	75,400	0.11%
Nov 24, 2023	DEUTSCHE BANK AG\	added	8.03	-464,804	20,364,900	0.01%
Nov 22, 2023	Graham Capital Management, L.P.	new	-	2,472,730	2,472,730	0.06%
Nov 22, 2023	Public Sector Pension Investment Board	reduced	-30.27	-1,647,860	2,818,290	0.02%
Nov 22, 2023	KBC Group NV	unchanged	-	-	195,000	-%
Nov 21, 2023	COMERICA BANK	reduced	-93.38	2,233,170	2,236,170	0.01%
Nov 16, 2023	Financial Gravity Asset Management, Inc.	sold off	-100	-255	-	-%
Nov 16, 2023	Orion Capital Management LLC	new	-	40,750	40,750	0.03%
Nov 16, 2023	Creative Planning	new	-	201,539	201,539	-%

Latest Funds Activity

Are funds buying PRGS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PRGS

No. of Funds

Schedule 13G FIlings of Progress Software Corp

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	blackrock inc.	17.2%	7,566,013	SC 13G/A
Feb 09, 2023	vanguard group inc	11.66%	5,012,970	SC 13G/A
Jan 23, 2023	blackrock inc.	17.2%	7,378,311	SC 13G/A
Feb 10, 2022	vanguard group inc	11.09%	4,861,203	SC 13G/A
Feb 10, 2022	renaissance technologies llc	3.05%	1,346,581	SC 13G/A
Jan 27, 2022	blackrock inc.	18.6%	8,136,361	SC 13G/A
Jan 25, 2022	blackrock inc.	18.6%	8,136,361	SC 13G/A
Feb 10, 2021	renaissance technologies llc	5.26%	2,370,990	SC 13G
Feb 10, 2021	vanguard group inc	10.73%	4,837,743	SC 13G/A
Jan 25, 2021	blackrock inc.	16.2%	7,298,629	SC 13G

Recent SEC filings of Progress Software Corp

View All Filings

Date Filed	Form Type	Document
Dec 05, 2023	4	Insider Trading
Dec 01, 2023	144	Notice of Insider Sale Intent
Nov 22, 2023	S-8	Employee Benefits Plan
Nov 21, 2023	4	Insider Trading
Nov 20, 2023	144	Notice of Insider Sale Intent
Nov 17, 2023	144	Notice of Insider Sale Intent
Nov 17, 2023	4	Insider Trading
Nov 15, 2023	144	Notice of Insider Sale Intent
Nov 09, 2023	4	Insider Trading
Nov 07, 2023	4	Insider Trading

PRGS Fair Value

Peers (Alternatives to Progress Software Corp)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	242.7B	34.0B	17.49%	90.75%	93.62	7.15	12.08%	832.37%
UBER	125.2B	36.0B	22.14%	130.95%	118.84	3.48	23.77%	111.91%
ADSK	47.9B	5.3B	9.04%	15.80%	52.25	8.96	9.15%	48.14%
ANSS	24.8B	2.2B	1.53%	17.78%	51.29	11.49	6.50%	3.13%
ZM	21.5B	4.5B	14.74%	2.95%	91.71	4.78	3.50%	-66.41%
MID-CAP
APPF	6.5B	572.7M	-8.52%	64.37%	-136.86	11.3	29.15%	4.99%
LYFT	4.7B	4.4B	14.77%	20.45%	-5.26	1.09	11.93%	29.50%
AI	3.0B	273.8M	-5.90%	117.20%	-11.52	10.99	3.08%	-15.39%
AYX	3.0B	920.0M	15.38%	-2.61%	-10.17	3.21	26.29%	10.26%
ALRM	2.8B	863.6M	8.66%	16.72%	43.26	3.29	4.08%	56.97%
AGYS	2.1B	217.5M	-3.18%	34.97%	152.17	9.84	19.98%	38.67%
SMALL-CAP
AVID	1.2B	413.5M	0.67%	10.41%	92.02	2.88	-1.65%	-71.35%
APPS	587.3M	592.1M	13.06%	-62.95%	-3.27	0.99	-22.55%	-433.99%
ASUR	189.1M	122.1M	-10.99%	-8.97%	-28.28	1.55	39.32%	62.24%
AEYE	53.1M	31.2M	-0.88%	4.38%	-7.31	1.7	8.78%	46.25%

Progress Software Corp News

Latest updates

Stocks Register • 06 Dec 2023 • 12:05 pm • 2 days ago

Insider Trading At MongoDB Inc (NASDAQ: MDB): What Did We ...

Stocks Register • 30 Nov 2023 • 02:02 pm • 8 days ago

Okta Inc (NASDAQ: OKTA) Has Great Upside Potential – Stocks ...

GuruFocus.com • 29 Nov 2023 • 03:01 pm • 9 days ago

Alteryx Inc's Stock Performance: A Comprehensive Analysis

Nasdaq • 28 Nov 2023 • 08:00 am • 10 days ago

Ex-Dividend Reminder: Jack Henry & Associates, Progress Software ...

Nasdaq • 04 Oct 2023 • 07:00 am • 2 months ago

Noteworthy Wednesday Option Activity: LAD, PRGS, CROX

Morningstar • 27 Sep 2023 • 07:00 am • 2 months ago

Costco share fall following results, while Cardiff Oncology and ...

Benzinga • 26 Sep 2023 • 07:00 am • 2 months ago

Stocks Tumble, VIX Spikes As Fear Over High Interest Rates Intensifies: What's Driving Markets Tuesday? -

Barchart • 26 Sep 2023 • 07:00 am • 2 months ago

Markets Today: Stocks Slip on Additional Hawkish Fed Comments

Nasdaq • 15 Sep 2023 • 07:00 am • 2 months ago

Notable Friday Option Activity: PRGS, POOL, A

Reuters • 24 Jul 2023 • 07:00 am • 4 months ago

1st Source says 450000 records affected in client data breach

Bloomberg • 21 Jun 2023 • 07:00 am • 5 months ago

Progress Software Says Purported Bug in MOVEit Isn't a Fourth 'Zero ...

Reuters • 16 Jun 2023 • 07:00 am • 5 months ago

Explainer: How MOVEit breach shows hackers' interest in corporate ...

New York Post • 15 Jun 2023 • 07:00 am • 5 months ago

Multiple US government agencies hit in global hacking campaign: report

Reuters • 02 Jun 2023 • 07:00 am • 6 months ago

Hackers use flaw in popular file transfer tool to steal data ...

Seeking Alpha • 12 Jan 2023 • 08:00 am • 11 months ago

Commvault Systems: Unfortunate Surprise Has Not Pushed Stock ...

Financials for Progress Software Corp

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	-1.8%	175	178	164	157	151	149	145	140	147	122	121	122	110	100	110	117	107	100	90.00	98.00	93.00
Cost Of Revenue	-2.5%	33.00	34.00	26.00	24.00	24.00	24.00	23.00	21.00	20.00	19.00	18.00	18.00	15.00	14.00	15.00	21.00	21.00	18.00	16.00	17.00	17.00
Gross Profit	-1.7%	142	144	138	134	127	125	122	119	127	103	103	104	95.00	86.00	95.00	96.00	86.00	82.00	74.00	81.00	76.00
Operating Expenses	-7.2%	113	121	102	103	95.00	85.00	92.00	99.00	81.00	81.00	76.00	86.00	62.00	61.00	64.00	102	70.00	68.00	58.00	70.00	57.00
S&GA Expenses	-3.8%	39.00	40.00	34.00	40.00	35.00	33.00	33.00	37.00	30.00	29.00	29.00	32.00	22.00	22.00	24.00	29.00	25.00	25.00	22.00	28.00	22.00
EBITDA Margin	-	-	-	0.23*	0.23*	0.22*	0.24*	0.22*	0.23*	0.23*	0.22*	0.24*	0.26*	0.20*	0.17*	0.14*	0.11*	-	-	-	-	-
Interest Expenses	0.2%	9.00	9.00	6.00	4.00	4.00	4.00	4.00	6.00	7.00	5.00	3.00	2.00	2.00	3.00	3.00	3.00	3.00	2.00	1.00	1.00	1.00
Income Taxes	-26.4%	2.00	3.00	6.00	3.00	6.00	8.00	5.00	-0.73	9.00	4.00	6.00	-1.03	6.00	5.00	6.00	-4.84	-1.31	4.00	4.00	0.00	3.00
Earnings Before Taxes	43.4%	21.00	15.00	30.00	27.00	28.00	37.00	26.00	14.00	40.00	17.00	25.00	17.00	30.00	22.00	27.00	-9.58	12.00	12.00	13.00	9.00	17.00
EBT Margin	-	-	-	0.20*	0.19*	0.18*	0.20*	0.17*	0.18*	0.19*	0.19*	0.21*	0.22*	0.16*	0.12*	0.10*	0.07*	-	-	-	-	-
Net Income	58.0%	19.00	12.00	24.00	24.00	22.00	29.00	20.00	15.00	31.00	14.00	19.00	18.00	24.00	17.00	21.00	-4.74	14.00	8.00	9.00	9.00	14.00
Net Income Margin	-	-	-	0.16*	0.16*	0.15*	0.16*	0.14*	0.15*	0.16*	0.16*	0.17*	0.18*	0.13*	0.11*	0.09*	0.06*	-	-	-	-	-
Free Cashflow	-	-	-	46.00	37.00	39.00	67.00	43.00	42.00	35.00	54.00	44.00	40.00	29.00	37.00	32.00	34.00	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	-0.3%	1,597	1,602	1,644	1,411	1,346	1,355	1,353	1,364	1,275	1,240	1,027	1,042	919	896	890	881	860	830	616	644	625
Current Assets	7.7%	303	281	293	426	364	356	343	338	509	471	239	239	320	291	275	285	236	204	216	232	197
Cash Equivalents	9.9%	138	126	108	256	224	225	172	155	380	357	108	98.00	221	193	161	154	124	103	107	105	99.00
Net PPE	10.3%	16.00	15.00	15.00	15.00	13.00	14.00	14.00	14.00	29.00	29.00	30.00	30.00	28.00	28.00	29.00	30.00	32.00	33.00	29.00	31.00	43.00
Goodwill	0.0%	826	826	812	671	673	673	673	671	491	492	492	492	432	117	433	433	433	433	315	315	-
Current Liabilities	0.4%	325	323	337	318	280	284	284	323	272	266	266	263	228	225	231	241	215	204	182	186	188
LT Debt, Current	17.8%	11.00	10.00	8.00	6.00	6.00	6.00	6.00	26.00	24.00	22.00	20.00	18.00	16.00	14.00	13.00	11.00	9.00	7.00	7.00	6.00	6.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	344	364	271	277	280	284	288	291	108	110	112
Shareholder's Equity	6.3%	445	419	413	399	367	372	368	412	397	366	353	346	368	340	328	330	333	315	307	324	337
Retained Earnings	10.7%	115	104	108	102	87.00	94.00	94.00	90.00	83.00	60.00	71.00	73.00	90.00	74.00	64.00	64.00	76.00	62.00	60.00	85.00	68.00
Additional Paid-In Capital	4.0%	361	347	338	332	319	310	303	354	-	-	-	306	-	-	-	296	-	-	-	267	-
Shares Outstanding	0.5%	44.00	43.00	43.00	43.00	43.00	44.00	44.00	44.00	44.00	44.00	44.00	44.00	45.00	45.00	45.00	45.00	45.00	45.00	45.00	45.00	45.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-4.0%	46,041	47,951	46,767	40,137	39,670	68,260	44,093	43,928	35,224	54,690	44,688	42,762	31,112	37,957	33,016	36,601	26,765	40,674	24,444	24,327	23,300
Share Based Compensation	-2.1%	10,072	10,287	9,752	10,984	8,639	9,357	8,114	7,739	6,839	8,362	6,784	6,123	5,685	5,623	6,051	5,900	5,489	6,116	5,806	5,853	4,566
Cashflow From Investing	-102.7%	-366	13,441	-371,068	-2,254	-673	25,450	-531	-254,074	1,075	400	2,264	-213,766	-812	4,925	2,360	-278	3,171	-218,432	7,159	3,324	5,000
Cashflow From Financing	22.5%	-35,510	-45,842	174,798	-7,890	-30,935	-34,567	-28,031	-10,835	-10,477	192,449	-39,024	48,008	-9,673	-8,201	-27,054	-8,545	-6,769	177,251	-31,645	-18,659	-24,657
Dividend Payments	-0.6%	7,798	7,848	8,023	7,712	7,778	7,789	7,784	8,189	7,755	7,763	7,854	7,542	7,452	7,438	7,468	6,941	6,933	6,894	6,992	6,317	6,371
Buy Backs	-100.0%	-	15,000	15,000	1,517	24,051	26,473	25,000	-	-	20,000	15,000	40,000	-	-	20,000	-	-	-	25,000	10,000	20,000

PRGS Income Statement

2023-08-31

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2023	Aug. 31, 2022
Revenue:
Total revenue	$ 174,992	$ 151,217	$ 517,469	$ 444,886
Costs of revenue:
Amortization of acquired intangibles	7,995	5,558	22,253	16,589
Total costs of revenue	32,919	23,796	92,914	70,965
Gross profit	142,073	127,421	424,555	373,921
Operating expenses:
Sales and marketing	38,612	34,595	112,513	100,768
Product development	33,138	28,650	98,396	85,966
General and administrative	20,791	20,141	61,046	56,339
Amortization of acquired intangibles	17,668	11,716	48,825	35,330
Cyber incident and vulnerability response expenses, net	951	0	5,126	0
Restructuring expenses	843	130	6,230	784
Acquisition-related expenses	699	168	4,433	3,816
Gain on sale of assets held for sale	0	0	0	(10,770)
Total operating expenses	112,702	95,400	336,569	272,233
Income from operations	29,371	32,021	87,986	101,688
Other (expense) income:
Interest expense	(8,532)	(4,009)	(22,894)	(11,368)
Interest income and other, net	788	247	1,895	991
Foreign currency loss, net	(675)	(577)	(1,502)	(832)
Total other expense, net	(8,419)	(4,339)	(22,501)	(11,209)
Income before income taxes	20,952	27,682	65,485	90,479
Provision for income taxes	1,854	5,885	10,623	19,118
Net income	$ 19,098	$ 21,797	$ 54,862	$ 71,361
Earnings per share:
Basic (in dollars per share)	$ 0.44	$ 0.50	$ 1.27	$ 1.64
Diluted (in dollars per share)	$ 0.42	$ 0.50	$ 1.23	$ 1.61
Weighted average shares outstanding:
Basic (in shares)	43,452	43,211	43,365	43,589
Diluted (in shares)	44,981	43,935	44,543	44,299
Cash dividends declared per common share (in dollars per share)	$ 0.175	$ 0.175	$ 0.525	$ 0.525
Software licenses
Revenue:
Total revenue	$ 50,544	$ 47,618	$ 164,519	$ 135,182
Costs of revenue:
Cost of revenue	2,732	2,477	7,998	7,669
Maintenance and services
Revenue:
Total revenue	124,448	103,599	352,950	309,704
Costs of revenue:
Cost of revenue	$ 22,192	$ 15,761	$ 62,663	$ 46,707

PRGS Balance Sheet

2023-08-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2023	Nov. 30, 2022
Current assets:
Cash and cash equivalents	$ 137,999	$ 256,277
Accounts receivable (less allowances of $985 and $859, respectively)	99,726	97,834
Unbilled receivables	31,668	29,158
Other current assets	33,447	42,784
Total current assets	302,840	426,053
Long-term unbilled receivables	33,121	39,936
Property and equipment, net	16,166	14,927
Intangible assets, net	378,824	217,355
Goodwill	826,048	671,037
Right-of-use lease assets	20,596	17,574
Deferred tax assets	11,745	11,765
Other assets	8,128	12,832
Total assets	1,597,468	1,411,479
Current liabilities:
Current portion of long-term debt, net	11,390	6,234
Accounts payable	8,729	9,282
Accrued compensation and related taxes	41,606	42,467
Dividends payable to stockholders	8,354	8,115
Short-term operating lease liabilities	10,088	7,471
Other accrued liabilities	24,935	16,765
Short-term deferred revenue, net	219,601	227,670
Total current liabilities	324,703	318,004
Long-term debt, net	389,388	259,220
Convertible senior notes, net	354,246	352,625
Long-term operating lease liabilities	15,086	15,041
Long-term deferred revenue, net	60,167	54,770
Deferred tax liabilities	4,240	4,628
Other noncurrent liabilities	4,592	8,687
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; authorized, 10,000,000 shares; issued, none	0	0
Common stock, $0.01 par value; authorized, 200,000,000 shares; issued and outstanding, 43,565,346 shares in 2023 and 43,257,008 shares in 2022	438	433
Additional paid-in capital	361,062	331,650
Retained earnings	115,133	101,656
Accumulated other comprehensive loss	(31,587)	(35,235)
Total stockholders’ equity	445,046	398,504
Total liabilities and stockholders’ equity	$ 1,597,468	$ 1,411,479

About Progress Software Corp

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, a flexible application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. It 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.

CEO	Mr. Yogesh K. Gupta
WEBSITE	www.progress.com
EMPLOYEES	2071

Progress Software Corp Frequently Asked Questions

What is the ticker symbol for Progress Software Corp? What does PRGS stand for in stocks?

PRGS is the stock ticker symbol of Progress Software Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Progress Software Corp (PRGS)?

As of Thu Dec 07 2023, market cap of Progress Software Corp is 2.31 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PRGS stock?

You can check PRGS's fair value in chart. The fair value of Progress Software Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Progress Software Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PRGS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Progress Software Corp a good stock to buy?

The fair value guage provides a quick view whether PRGS is over valued or under valued. Whether Progress Software Corp is cheap or expensive depends on the assumptions which impact Progress Software Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PRGS.

What is Progress Software Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Dec 07 2023, PRGS's PE ratio (Price to Earnings) is 29.44 and Price to Sales (PS) ratio is 3.43. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PRGS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Progress Software Corp's stock?

In the past 10 years, Progress Software Corp has provided 0.082 (multiply by 100 for percentage) rate of return.

Market Summary

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Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

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About Progress Software Corp

Progress Software Corp Frequently Asked Questions

What is the ticker symbol for Progress Software Corp? What does PRGS stand for in stocks?

What is the market capital of Progress Software Corp (PRGS)?

What is the fair value of PRGS stock?

Is Progress Software Corp a good stock to buy?

What is Progress Software Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

What is 5 year return on Progress Software Corp's stock?

Income Statement (Last 12 Months)
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Cashflow (Last 12 Months)
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