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 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 Flow
Return Relative to Current Share Price
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.
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.
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.”
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.
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.