NASDAQ: PRGS
Progress Software Corp Stock

$57.32-0.59 (-1.02%)
Updated Feb 14, 2025
PRGS Price
$57.32
Fair Value Price
$170.52
Market Cap
$2.49B
52 Week Low
$48.00
52 Week High
$70.56
P/E
36.28x
P/B
5.67x
P/S
3.93x
PEG
0.29x
Dividend Yield
0.92%
Revenue
$753.41M
Earnings
$68.44M
Gross Margin
82.7%
Operating Margin
16.76%
Profit Margin
9.1%
Debt to Equity
4.76
Operating Cash Flow
$211M
Beta
0.83
Next Earnings
Mar 24, 2025
Ex-Dividend
N/A
Next Dividend
N/A

PRGS Overview

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Zen Rating

Our proven quant model uses 115 proprietary factors, including AI, to determine PRGS's potential to beat the market

BBuy
  • Stocks with a Zen Rating of Buy (B) had an average return of +19.88% per year. Learn More

Zen Rating Component Grades

C
Zen Rating uses advanced AI algorithms that detect subtle patterns in market data; it anticipates future trends that point to superior stock price results.

Industry: App

Industry Rating
B
PRGS
Ranked
#57 of 206

Top Ranked Stocks in Industry

Name / TickerPriceZen Rating
$3.12A
$3.84A
$23.05A
View Top App Stocks

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PRGS News

Overview

Due Diligence Score

Industry Average (27)
You've viewed Due Diligence Score for 10/10 free stocks. Upgrade to Premium to see how PRGS scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

PRGS ($57.32) is undervalued by 66.39% relative to our estimate of its Fair Value price of $170.52 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
PRGS ($57.32) is significantly undervalued by 66.39% relative to our estimate of its Fair Value price of $170.52 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
PRGS ($57.32) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 35 more PRGS due diligence checks available for Premium users.

Valuation

PRGS fair value

Fair Value of PRGS stock based on Discounted Cash Flow (DCF)

Price
$57.32
Fair Value
$170.52
Undervalued by
66.39%
PRGS ($57.32) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
PRGS ($57.32) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
PRGS ($57.32) is trading below... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

PRGS price to earnings (PE)

For valuing profitable companies with steady earnings

Company
36.28x
Industry
219.76x
Market
37.91x
PRGS is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
PRGS is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

PRGS price to book (PB)

For valuing companies that are loss-making or have lots of physical asset

Company
5.67x
Industry
8.05x
PRGS is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

PRGS price to earnings growth (PEG)

For valuing profitable companies with growth potential

PRGS is good value based... subscribe to Premium to read more.
PEG Value Valuation

PRGS's financial health

Profit margin

Revenue
$215.0M
Net Income
$1.1M
Profit Margin
0.5%
PRGS's Earnings (EBIT) of $126.28M... subscribe to Premium to read more.
Interest Coverage Financials
PRGS's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$2.5B
Liabilities
$2.1B
Debt to equity
4.76
PRGS's short-term liabilities ($455.15M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
PRGS's long-term liabilities ($1.63B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
PRGS's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
PRGS's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$19.7M
Investing
-$855.6M
Financing
$726.1M
PRGS's operating cash flow ($211.49M)... subscribe to Premium to read more.
Debt Coverage Financials

PRGS vs App Stocks

TickerZen RatingMarket Cap1d %P/EP/B
PRGSB$2.49B-1.02%36.28x5.67x
PARD$2.47B-0.54%-271.68x3.56x
AGYSC$2.44B+2.71%113.35x9.50x
YOUB$2.58B-6.01%26.21x20.01x
BTDRD$2.37B-0.48%-31.13x4.56x

Progress Software Stock FAQ

What is Progress Software's quote symbol?

(NASDAQ: PRGS) Progress Software trades on the NASDAQ under the ticker symbol PRGS. Progress Software stock quotes can also be displayed as NASDAQ: PRGS.

If you're new to stock investing, here's how to buy Progress Software stock.

What is the 52 week high and low for Progress Software (NASDAQ: PRGS)?

(NASDAQ: PRGS) Progress Software's 52-week high was $70.56, and its 52-week low was $48.00. It is currently -18.76% from its 52-week high and 19.42% from its 52-week low.

How much is Progress Software stock worth today?

(NASDAQ: PRGS) Progress Software currently has 43,369,671 outstanding shares. With Progress Software stock trading at $57.32 per share, the total value of Progress Software stock (market capitalization) is $2.49B.

Progress Software stock was originally listed at a price of $4.81 in Dec 31, 1997. If you had invested in Progress Software stock at $4.81, your return over the last 27 years would have been 1,092.43%, for an annualized return of 9.61% (not including any dividends or dividend reinvestments).

How much is Progress Software's stock price per share?

(NASDAQ: PRGS) Progress Software stock price per share is $57.32 today (as of Feb 14, 2025).

What is Progress Software's Market Cap?

(NASDAQ: PRGS) Progress Software's market cap is $2.49B, as of Feb 19, 2025.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Progress Software's market cap is calculated by multiplying PRGS's current stock price of $57.32 by PRGS's total outstanding shares of 43,369,671.
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