Progress Software Corporation (PRGS): Price and Financial Metrics

Progress Software Corporation (PRGS): $52.58

0.77 (-1.44%)

POWR Rating

Component Grades








Add PRGS to Watchlist
Sign Up

Industry: Software - Application




#22 of 132

in industry

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 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

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%.
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. 

PRGS Latest News Stream

Event/Time News Detail
Loading, please wait...

PRGS Latest Social Stream

Loading social stream, please wait...

View Full PRGS Social Stream

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.

Yahoo | September 25, 2023

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...

Yahoo | September 22, 2023

Progress Software to Report Third Quarter 2023 Financial Results on Tuesday, September 26, 2023

BURLINGTON, 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

Yahoo | September 12, 2023

Why You Might Be Interested In Progress Software Corporation (NASDAQ:PRGS) For Its Upcoming Dividend

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

Yahoo | August 26, 2023

Progress Announces the Return of ChefConf 2023, with Events in Seattle, Washington and Munich, Germany

Now 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

Yahoo | August 22, 2023

Read More 'PRGS' Stories Here

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
Loading, please wait...
View Full PRGS Dividend History

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from!