Progress Software Corporation (PRGS): Price and Financial Metrics
PRGS Price/Volume Stats
Current price | $52.58 | 52-week high | $62.34 |
Prev. close | $53.35 | 52-week low | $42.26 |
Day low | $52.44 | Volume | 402,300 |
Day high | $53.88 | Avg. volume | 336,732 |
50-day MA | $58.74 | Dividend yield | 1.33% |
200-day MA | $56.63 | Market Cap | 2.28B |
PRGS Stock Price Chart Interactive Chart >
PRGS POWR Grades
- PRGS scores best on the Quality dimension, with a Quality rank ahead of 91.54% of US stocks.
- The strongest trend for PRGS is in Stability, which has been heading down over the past 177 days.
- PRGS's current lowest rank is in the Sentiment metric (where it is better than 33.57% of US stocks).
PRGS Stock Summary
- PROGRESS SOFTWARE CORP's stock had its IPO on August 5, 1991, making it an older stock than 84.17% of US equities in our set.
- With a year-over-year growth in debt of 25.79%, PROGRESS SOFTWARE CORP's debt growth rate surpasses 77.95% of about US stocks.
- In terms of volatility of its share price, PRGS is more volatile than merely 5.33% of stocks we're observing.
- Stocks that are quantitatively similar to PRGS, based on their financial statements, market capitalization, and price volatility, are COHR, IPGP, NTCT, HALO, and MITK.
- PRGS's SEC filings can be seen here. And to visit PROGRESS SOFTWARE CORP's official web site, go to www.progress.com.
PRGS Valuation Summary
- PRGS's EV/EBIT ratio is 25.7; this is 30.46% higher than that of the median Technology stock.
- Over the past 243 months, PRGS's price/sales ratio has gone up 1.1.
Below are key valuation metrics over time for PRGS.
Stock | Date | P/S | P/B | P/E | EV/EBIT |
---|---|---|---|---|---|
PRGS | 2023-09-22 | 3.7 | 5.8 | 30.0 | 25.7 |
PRGS | 2023-09-21 | 3.8 | 5.8 | 30.0 | 25.7 |
PRGS | 2023-09-20 | 3.8 | 5.9 | 30.3 | 25.9 |
PRGS | 2023-09-19 | 3.8 | 5.9 | 30.3 | 25.8 |
PRGS | 2023-09-18 | 3.8 | 5.9 | 30.4 | 25.9 |
PRGS | 2023-09-15 | 3.8 | 5.9 | 30.3 | 25.9 |
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%.

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.
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 Software (PRGS) to Post Q3 Earnings: What's in Store?Progress Software's (PRGS) third-quarter fiscal 2023 results are likely to reflect gains from a strong portfolio that comprises Loadmaster, Chef, OpenEdge, DataDirect and Sitefinity solutions. |
Are Investors Undervaluing Progress Software Corporation (NASDAQ:PRGS) By 50%?Key Insights Using the 2 Stage Free Cash Flow to Equity, Progress Software fair value estimate is US$113 Current share... |
Progress Software to Report Third Quarter 2023 Financial Results on Tuesday, September 26, 2023BURLINGTON, Mass., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced that it will release financial results for its fiscal third quarter of 2023 after the market close on Tuesday, September 26, 2023. The company’s third quarter of fiscal year 2023 ended on August 31, 2023. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. Conference Call Detail |
Why You Might Be Interested In Progress Software Corporation (NASDAQ:PRGS) For Its Upcoming DividendReaders hoping to buy Progress Software Corporation ( NASDAQ:PRGS ) for its dividend will need to make their move... |
Progress Announces the Return of ChefConf 2023, with Events in Seattle, Washington and Munich, GermanyNow in its 12th year, the comprehensive event for DevOps professionals will dive into the latest innovations and practices in DevSecOps, compliance and security BURLINGTON, Mass., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of application development and infrastructure software, today announced the return of ChefConf 2023. Designed to empower attendees with the information, products and personal connections they need to understand the ever-evolving DevOps land |
PRGS Price Returns
1-mo | -13.58% |
3-mo | -9.24% |
6-mo | -6.18% |
1-year | 25.09% |
3-year | 49.62% |
5-year | 59.51% |
YTD | 5.15% |
2022 | 6.05% |
2021 | 8.45% |
2020 | 10.64% |
2019 | 18.95% |
2018 | -15.41% |
PRGS Dividends
Ex-Dividend Date | Type | Payout Amount | Change | ||||||
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Continue Researching PRGS
Want to do more research on Progress Software Corp's stock and its price? Try the links below:Progress Software Corp (PRGS) Stock Price | Nasdaq
Progress Software Corp (PRGS) Stock Quote, History and News - Yahoo Finance
Progress Software Corp (PRGS) Stock Price and Basic Information | MarketWatch
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