Progress Software Corporation (PRGS): Price and Financial Metrics


Progress Software Corporation (PRGS)

Today's Latest Price: $42.04 USD

0.50 (1.20%)

Updated Jun 5 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 81 in Software - Application

See all "A" rated Strong Buy stocks

PRGS Stock Summary

  • With a price/earnings ratio of 48.81, Progress Software Corp P/E ratio is greater than that of about 84.45% of stocks in our set with positive earnings.
  • With a year-over-year growth in debt of 179.7%, Progress Software Corp's debt growth rate surpasses 91.83% of about US stocks.
  • The volatility of Progress Software Corp's share price is greater than that of only 10.56% US stocks with at least 200 days of trading history.
  • If you're looking for stocks that are quantitatively similar to Progress Software Corp, a group of peers worth examining would be CSGS, NOVT, CPSI, MKSI, and NXGN.
  • 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 Daily Price Range
PRGS 52-Week Price Range

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PRGS Price/Volume Stats

Current price $42.04 52-week high $52.50
Prev. close $41.54 52-week low $28.09
Day low $41.73 Volume 221,678
Day high $42.62 Avg. volume 425,659
50-day MA $37.48 Dividend yield 1.59%
200-day MA $39.70 Market Cap 1.88B

Progress Software Corporation (PRGS) Company Bio


Progress Software is a global software company that simplifies the development, deployment and management of business applications. The Company's products provide solutions for rapid application development, broad data integration and efficient data analysis. The company was founded in 1981 and is based in Bedford, Massachusetts.

PRGS Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target:Forecasted Gain:
$42.04$68.5965%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Progress Software Corp. To summarize, we found that Progress Software Corp ranked in the 60th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Progress Software Corp ended up being:

  • Its compound free cash flow growth rate, as measured over the past 5.75 years, is 0.2% -- higher than 64.65% of stocks in our DCF forecasting set.
  • 86% of the company's capital comes from equity, which is greater than 70.56% of stocks in our cash flow based forecasting set.
  • The weighted average cost of capital for the company is 8. This value is greater than only 19.95% stocks in the Technology sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%62%
1%63%
2%65%
3%67%
4%68%
5%70%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PRGS, try BELFA, HQY, CAMT, EGAN, and LDOS.


PRGS Latest News Stream


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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.

Progress Awarded 2020 SoftwareReviews Gold Medal for Managed File Transfer

Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that SoftwareReviews, a division of IT research and advisory firm Info-Tech Research Group, has named Progress® MOVEit® a Gold Medal winner of the 2020 Managed File Transfer Data Quadrant1 Awards. This is the second consecutive year MOVEit has been given this designation.

Yahoo | June 2, 2020

Progress MOVEit 2020 Improves Secure File Transfer for Remote Workforces and Provides Native Support for Hybrid Cloud Architectures

Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the release of Progress® MOVEit® 2020, the secure, automated Managed File Transfer (MFT) solution that can be deployed on-premises and in the cloud. “Demand for secure file transfer in hybrid environments has increased over the past few months as large files are being exchanged with remote team members and partners in virtual work environments,” said Stewart Bond, research director, Data Integration and Intelligence software research at IDC. “MOVEit 2020 is putting these abilities into the hands of non-technical users, while ensuring the security and integrity of sensitive data.”

Yahoo | May 28, 2020

Progress Announces Winners of the 2020 Sitefinity Website of the Year Awards

Thirteen winners worldwide recognized for their excellence in design, user experience and innovation BEDFORD, Mass., May 26, 2020 -- Progress (NASDAQ: PRGS), the leading.

Yahoo | May 26, 2020

Progress Appoints Jeremy Segal to the Role of Senior Vice President, Corporate Development

Progress (PRGS), a leading provider of application development and digital experience technologies, today announced the appointment of Jeremy Segal to the role of Senior Vice President, Corporate Development. In this role, Mr. Segal will lead Progress’ inorganic growth strategy to deliver sustained shareholder value through accretive acquisitions. Mr. Segal, who will report to Yogesh Gupta, CEO, and be part of the executive leadership team, will be responsible for sourcing, executing and integrating M&A targets.

Yahoo | May 26, 2020

6th Annual Progress Data Connectivity Survey Reveals Insights from 1,800+ IT and Business Professionals Worldwide

Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the results of its 2020 Data Connectivity Survey. With more than 1,800 IT and business professionals from 13 industries worldwide participating, the results reveal new trends and areas of focus in enterprise data management, including system modernization, cloud migration, data protection and data quality. “The current crisis has brought data connectivity to the forefront as employees worldwide are working remotely,” said David Loshin, co-author of the 2020 Data Connectivity Survey report and a recognized data expert consultant in data quality, master data management, and business intelligence.

Yahoo | May 20, 2020

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PRGS Price Returns

1-mo 10.45%
3-mo 22.18%
6-mo 2.61%
1-year 3.67%
3-year 50.46%
5-year 63.53%
YTD 2.05%
2019 18.95%
2018 -15.41%
2017 35.45%
2016 33.60%
2015 -11.18%

PRGS Dividends

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