Progress Software Corporation (PRGS): Price and Financial Metrics

Progress Software Corporation (PRGS): $52.63

0.02 (-0.04%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

B

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Industry: Software - Application

Industry

B

Ranked

#28 of 131

in industry

PRGS Price/Volume Stats

Current price $52.63 52-week high $62.34
Prev. close $52.65 52-week low $49.02
Day low $51.50 Volume 2,288,800
Day high $53.20 Avg. volume 583,513
50-day MA $55.30 Dividend yield 1.33%
200-day MA $55.64 Market Cap 2.31B

PRGS Stock Price Chart Interactive Chart >

PRGS POWR Grades

  • PRGS scores best on the Quality dimension, with a Quality rank ahead of 88.14% of US stocks.
  • The strongest trend for PRGS is in Quality, which has been heading down over the past 26 weeks.
  • PRGS's current lowest rank is in the Growth metric (where it is better than 39.96% of US stocks).

PRGS Stock Summary

  • PROGRESS SOFTWARE CORP's stock had its IPO on August 5, 1991, making it an older stock than 83.86% of US equities in our set.
  • With a year-over-year growth in debt of 21.3%, PROGRESS SOFTWARE CORP's debt growth rate surpasses 78.35% of about US stocks.
  • In terms of volatility of its share price, PRGS is more volatile than merely 7.8% of stocks we're observing.
  • Stocks that are quantitatively similar to PRGS, based on their financial statements, market capitalization, and price volatility, are DOX, ACIW, ST, ALIM, and CALX.
  • Visit PRGS's SEC page to see the company's official filings. To visit the company's web site, go to www.progress.com.

PRGS Valuation Summary

  • In comparison to the median Technology stock, PRGS's price/sales ratio is 29.63% higher, now standing at 3.5.
  • PRGS's price/sales ratio has moved up 1.1 over the prior 243 months.

Below are key valuation metrics over time for PRGS.

Stock Date P/S P/B P/E EV/EBIT
PRGS 2023-12-08 3.5 5.2 29.6 24.8
PRGS 2023-12-07 3.4 5.2 29.4 24.7
PRGS 2023-12-06 3.5 5.2 29.7 24.9
PRGS 2023-12-05 3.5 5.3 30.1 25.2
PRGS 2023-12-04 3.5 5.4 30.4 25.3
PRGS 2023-12-01 3.5 5.3 30.3 25.3

PRGS Growth Metrics

    Its year over year net cashflow from operations growth rate is now at 13.68%.
  • Its 3 year revenue growth rate is now at 41.33%.
  • The 2 year net income to common stockholders growth rate now stands at 109.67%.
PRGS's revenue has moved up $200,102,000 over the prior 52 months.

The table below shows PRGS's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-12-31 602.013 192.16 95.069
2022-09-30 585.014 195.951 86.287
2022-06-30 581.214 191.505 95.466
2022-03-31 554.955 177.935 79.913
2021-12-31 531.313 178.53 78.42
2021-09-30 513.57 177.364 81.155

PRGS's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • PRGS has a Quality Grade of A, ranking ahead of 97.95% of graded US stocks.
  • PRGS's asset turnover comes in at 0.448 -- ranking 344th of 561 Business Services stocks.
  • BOX, CCO, and UPLD are the stocks whose asset turnover ratios are most correlated with PRGS.

The table below shows PRGS's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-08-31 0.448 0.853 0.252
2021-05-31 0.450 0.852 0.264
2021-02-28 0.467 0.856 0.329
2020-11-30 0.472 0.860 0.360
2020-08-31 0.487 0.852 0.314
2020-05-31 0.492 0.837 0.257

PRGS Price Target

For more insight on analysts targets of PRGS, see our PRGS price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $55.17 Average Broker Recommendation 1.25 (Strong Buy)

Progress Software Corporation (PRGS) Company Bio


Dedicated to propelling business forward in a technology-driven world, Progress helps businesses drive faster cycles of innovation, fuel momentum and accelerate their path to success. As the trusted provider of the best products to develop, deploy and manage high-impact applications, Progress enables customers to develop the applications and experiences they need, deploy where and how they want and manage it all safely and securely. Hundreds of thousands of enterprises, including 1,700 software companies and 3.5 million developers, depend on Progress to achieve their goals—with confidence. 


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Latest PRGS News From Around the Web

Below are the latest news stories about PROGRESS SOFTWARE CORP that investors may wish to consider to help them evaluate PRGS as an investment opportunity.

Investors in Progress Software (NASDAQ:PRGS) have seen notable returns of 82% over the past five years

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...

Yahoo | December 17, 2023

Progress Wins Gold in the 2023 SoftwareReviews Data Quadrant Awards for Metadata Management

Based on user reviews, Progress Semaphore ranks #1 for the third consecutive year, with the highest marks for usability, breadth and quality of features, business value created and more BURLINGTON, Mass., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced that Progress® Semaphore™, its metadata management and semantic AI platform, has been recognized as a gold medalist and overall leader in the 2023 Metadata Management Data

Yahoo | December 12, 2023

Progress Recognized as a 2023 Gartner® Peer Insights™ Customers’ Choice for Digital Experience Platforms

Large and midsize enterprise customers from around the world recommend the Progress Digital Experience (DX) Solution BURLINGTON, Mass., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced it has been recognized as a 2023 Gartner® Peer Insights™ Customers' Choice for Digital Experience Platforms (DXP)1. Based on feedback and ratings from end-user professionals, Progress is one of just four vendors

Yahoo | November 29, 2023

What Is Progress Software Corporation's (NASDAQ:PRGS) Share Price Doing?

While Progress Software Corporation ( NASDAQ:PRGS ) might not be the most widely known stock at the moment, it saw...

Yahoo | November 26, 2023

Here's What We Like About Progress Software's (NASDAQ:PRGS) Upcoming Dividend

Readers hoping to buy Progress Software Corporation ( NASDAQ:PRGS ) for its dividend will need to make their move...

Yahoo | November 26, 2023

Read More 'PRGS' Stories Here

PRGS Price Returns

1-mo -0.61%
3-mo -2.75%
6-mo 0.75%
1-year -4.46%
3-year 26.63%
5-year 27.72%
YTD -2.75%
2023 8.94%
2022 6.05%
2021 8.44%
2020 10.64%
2019 18.95%

PRGS Dividends

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