With a one year PEG ratio of 177.75, Progress Software Corp is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 81.79% of US stocks.
PRGS's went public 29.48 years ago, making it older than 83.19% of listed US stocks we're tracking.
The volatility of Progress Software Corp's share price is greater than that of only 10.85% US stocks with at least 200 days of trading history.
Stocks with similar financial metrics, market capitalization, and price volatility to Progress Software Corp are CPSI, CSGS, NOVT, LTRX, and VIAV.
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
DCF Fair Value Target:
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 41th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Progress Software Corp ended up being:
In the past 5.51 years, Progress Software Corp has a compound free cash flow growth rate of 0.03%; that's better than only 21.18% of cash flow producing equities in the Technology sector, where it is classified.
86% of the company's capital comes from equity, which is greater than 64.89% of stocks in our cash flow based forecasting set.
Progress Software Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 7.59. This coverage rate is greater than that of 70.87% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
IT, SGH, CDK, CTS, and CTXS can be thought of as valuation peers to PRGS, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
Progress developer tools—Telerik and Kendo UI—awarded top ratings for excellence in software tools by end users BEDFORD, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Progress (NASDAQ: PRGS), the leading provider of products to develop, deploy and manage high-impact business applications, today announced that TrustRadius, the trusted review site for business technology, has recognized Progress® Telerik® and Progress® Kendo UI®, the most powerful collection of developer tools in the industry, with the 2021 “Best Feature Set, Customer Support and Usability” Awards in the Software Components category. The awards are based entirely on customer reviews, submitted over the past 12 months. “What makes these awards so special and important to us is that they come from our customers—the developers wh...
Progress Software Corporation (PRGS) Q4 2020 Earnings Conference Call January 14, 2021, 05:00 PM ET Company Participants Anthony Folger - CFO Yogesh Gupta - President and CEO Conference Call Participants Strecker Backer - Wedbush Securities Mark Schappel - Benchmark Anja Soderstrom - Sidoti Presentation Operator Good day, everyone, and welcome...
SA Transcripts on Seeking Alpha | January 15, 2021
Stock futures fell Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package and after big U.S. banks kicked off the fourth-quarter earnings season. Here are some of the top movers during premarket trading on Friday.