Progress Software/PRGS

$50.35

-1.24%
-
1D1W1MYTD1YMAX

About Progress Software

Progress Software Corporation is a provider of infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.

Ticker

PRGS

Sector

Technology

Trading on

NASDAQ

Industry

Software & Programming

CEO

Yogesh Gupta

Employees

2,284

Headquarters

Burlington, United States

PRGS Metrics

BasicAdvanced
$2.21B
Market cap
33.06
P/E ratio
$1.54
EPS
0.95
Beta
$0.70
Dividend rate
1.37%
Dividend yield
$2.21B
0.94575
$62.34
$49.02
626.66K
$0.70
0.952
149.707
149.707
46.26%
19.66
3.91%
4.33%
15.81%
5.44%
33.056
3.088
4.824
13.759
1.42%
1.37%
1.37%
15.06%
-30.7%
16.24%
-3.68%
1.98%

What the Analysts think about PRGS

Analyst Ratings

Majority rating from 7 analysts.
Buy

Price Targets

Average projection from 6 analysts.
26.45% upside
High $67.00
Low $60.00
$50.35
Current price
$63.67
Average price target

PRGS Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
12.24% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$184.6M
4.35%
Net income
$22.6M
47.71%
Profit margin
12.24%
41.67%

PRGS Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 9.68%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$1.06
$1.08
$1.02
$1.25
-
Expected
$0.90
$1.00
$0.91
$1.14
$0.95
Surprise
17.39%
7.89%
12.33%
9.68%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Progress Software stock?

Progress Software (PRGS) has a market cap of $2.21B as of April 15, 2024.

What is the P/E ratio for Progress Software stock?

The price to earnings (P/E) ratio for Progress Software (PRGS) stock is 33.06 as of April 15, 2024.

Does Progress Software stock pay dividends?

Yes, the Progress Software (PRGS) stock pays dividends to shareholders. As of April 15, 2024, the dividend rate is $0.7 and the yield is 1.37%. Progress Software has a payout ratio of 46.26% on a trailing twelve-month basis.

When is the next Progress Software dividend payment date?

The next Progress Software (PRGS) dividend payment is scheduled for June 17, 2024.

What is the beta indicator for Progress Software?

Progress Software (PRGS) has a beta rating of 0.95. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Progress Software stock price target?

The target price for Progress Software (PRGS) stock is $63.67, which is 27.24% above the current price of $50.04. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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