Progress Software Corporation (PRGS): Price and Financial Metrics
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PRGS POWR Grades
- Quality is the dimension where PRGS ranks best; there it ranks ahead of 98.39% of US stocks.
- PRGS's strongest trending metric is Momentum; it's been moving down over the last 177 days.
- PRGS ranks lowest in Sentiment; there it ranks in the 8th percentile.
PRGS Stock Summary
- PROGRESS SOFTWARE CORP's stock had its IPO on August 5, 1991, making it an older stock than 84.62% of US equities in our set.
- PRGS's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 70.37% of US stocks.
- In terms of volatility of its share price, PRGS is more volatile than just 3.48% of stocks we're observing.
- Stocks that are quantitatively similar to PRGS, based on their financial statements, market capitalization, and price volatility, are NOVT, NTCT, MKSI, MITK, and MDRX.
- 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 Valuation Summary
- PRGS's price/earnings ratio is 19.5; this is 8.45% lower than that of the median Technology stock.
- PRGS's EV/EBIT ratio has moved up 4.2 over the prior 243 months.
Below are key valuation metrics over time for PRGS.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| PRGS | 2022-09-16 | 3.2 | 5.0 | 19.5 | 16.7 |
| PRGS | 2022-09-15 | 3.2 | 5.1 | 19.8 | 16.9 |
| PRGS | 2022-09-14 | 3.4 | 5.3 | 20.5 | 17.4 |
| PRGS | 2022-09-13 | 3.4 | 5.3 | 20.7 | 17.5 |
| PRGS | 2022-09-12 | 3.5 | 5.5 | 21.6 | 18.2 |
| PRGS | 2022-09-09 | 3.5 | 5.5 | 21.5 | 18.1 |
PRGS Growth Metrics
- Its 3 year cash and equivalents growth rate is now at 29.87%.
- Its 4 year cash and equivalents growth rate is now at -23.91%.
- Its year over year cash and equivalents growth rate is now at 51.54%.
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 |
|---|---|---|---|
| 2022-06-30 | 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 |
| 2021-06-30 | 475.852 | 173.252 | 74.156 |
| 2021-03-31 | 453.747 | 156.519 | 77.567 |
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) |
PRGS Stock Price Chart Interactive Chart >
PRGS Price/Volume Stats
| Current price | $42.55 | 52-week high | $53.99 |
| Prev. close | $42.36 | 52-week low | $40.33 |
| Day low | $42.26 | Volume | 486,100 |
| Day high | $43.35 | Avg. volume | 313,779 |
| 50-day MA | $46.59 | Dividend yield | 1.65% |
| 200-day MA | $46.37 | Market Cap | 1.85B |
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.
Company News for Sep 29, 2022Companies In The News Are: PRGS, THO, CTAS, AAPL. |
Analysts Offer Insights on Technology Companies: Amphenol (APH) and Progress Software (PRGS)Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Amphenol (APH – Research Report) and Progress Software (PRGS – Research Report). Amphenol (APH) In a report released today, David Kelley from Jefferies maintained a Buy rating on Amphenol, with a price target of $87.00. The company's shares closed last Tuesday at $68.29. According to TipRanks. |
Progress Software's (PRGS) Q3 Earnings & Revenues Top EstimatesProgress Software's (PRGS) third-quarter fiscal 2022 results benefit from strong demand for Chef, OpenEdge, DataDirect and Sitefinity solutions. |
Progress Software (PRGS) Q3 2022 Earnings Call TranscriptWith us today is Yogesh Gupta, the president and chief executive officer; and Anthony Folger, our chief financial officer. This forward-looking information represents Progress Software's outlook and guidance only as of today and is subject to risks and uncertainties. For a description of the risk factors that may affect our results, please refer to our recent SEC filings and in particular, the section captioned Risk Factors in our most recent Form 10-K. Progress Software assumes no obligation to update the forward-looking statements included in this call, whether as a result of new developments or otherwise. |
Progress Software (PRGS) Surpasses Q3 Earnings and Revenue EstimatesProgress Software (PRGS) delivered earnings and revenue surprises of 3.09% and 3.42%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock? |
PRGS Price Returns
| 1-mo | -9.26% |
| 3-mo | -5.16% |
| 6-mo | -8.69% |
| 1-year | -13.32% |
| 3-year | 20.29% |
| 5-year | 18.57% |
| YTD | -10.86% |
| 2021 | 8.44% |
| 2020 | 10.64% |
| 2019 | 18.95% |
| 2018 | -15.41% |
| 2017 | 35.45% |
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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