Progress Software Corp. Company Profile (NASDAQ:PRGS)

About Progress Software Corp.

Progress Software Corp. logoProgress Software Corporation is a global software company. The Company offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Company operates through three segments: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The solutions within the OpenEdge business segment include Progress OpenEdge and Progress Corticon. The Data Connectivity and Integration business segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within Data Connectivity and Integration business segment include Progress DataDirect Connect and Progress DataDirect Cloud. The solutions within the Application Development and Deployment business segment include Telerik Dev Tools, Telerik Dev Cloud, Telerik Platform, Telerik ALM, Telerik Sitefinity, Progress Rollbase and Modulus.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: Systems Software
  • Exchange: NASDAQ
  • Symbol: PRGS
  • CUSIP: 74331210
Key Metrics:
  • Previous Close: $27.20
  • 50 Day Moving Average: $28.43
  • 200 Day Moving Average: $26.91
  • 52-Week Range: $21.94 - $29.80
  • Trailing P/E Ratio: 158.14
  • Foreward P/E Ratio: 18.89
  • P/E Growth: 1.71
  • Market Cap: $1.32B
  • Outstanding Shares: 48,476,000
  • Beta: 1.22
Profitability:
  • Net Margins: 2.15%
  • Return on Equity: 12.08%
  • Return on Assets: 7.17%
Debt:
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 1.58%
  • Quick Ratio: 1.53%
Additional Links:
Companies Related to Progress Software Corp.:

Analyst Ratings

Consensus Ratings for Progress Software Corp. (NASDAQ:PRGS) (?)
Ratings Breakdown: 4 Sell Ratings, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.82)
Consensus Price Target: $28.25 (3.86% upside)

Analysts' Ratings History for Progress Software Corp. (NASDAQ:PRGS)
Show:
DateFirmActionRatingPrice TargetDetails
9/13/2016Ladenburg ThalmannDowngradeBuy -> NeutralView Rating Details
7/3/2016JMP SecuritiesReiterated RatingHoldView Rating Details
6/26/2016WedbushReiterated RatingHold$24.00View Rating Details
6/3/2016Citigroup Inc.DowngradeNeutral -> Sell$36.00 -> $31.00View Rating Details
3/31/2016Sandler O'NeillReiterated RatingHold$25.00 -> $24.00View Rating Details
3/18/2016Deutsche Bank AGReiterated RatingSell$28.00 -> $29.00View Rating Details
1/20/2016Sanford C. BernsteinReiterated RatingMarket PerformView Rating Details
1/15/2016Benchmark Co.Boost Price TargetBuy$28.00 -> $31.00View Rating Details
11/16/2015Goldman Sachs Group Inc.DowngradeNeutral -> Sell$28.00View Rating Details
11/6/2015Credit Suisse Group AGDowngradeNeutral -> Underperform$28.00 -> $29.00View Rating Details
10/2/2015SidotiUpgradeNeutral -> Buy$30.00View Rating Details
7/8/2015Raymond James Financial Inc.UpgradeMarket Perform -> OutperformView Rating Details
10/22/2014Needham & Company LLCReiterated RatingHoldView Rating Details
(Data available from 10/1/2014 forward)

Earnings

Earnings History for Progress Software Corp. (NASDAQ:PRGS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/29/2016        
9/28/2016Q316$0.45$0.44$104.72 million$102.00 millionViewListenView Earnings Details
6/29/2016Q216$0.29$0.33$96.10 millionViewListenView Earnings Details
3/30/2016Q116$0.29$0.27$93.15 million$89.50 millionViewListenView Earnings Details
1/12/2016Q415$0.49$0.53$115.40 millionViewListenView Earnings Details
10/1/2015Q315$0.37$0.39$100.70 millionViewListenView Earnings Details
7/1/2015Q215$0.32$0.35$100.90 millionViewListenView Earnings Details
4/1/2015Q115$0.24$0.29$94.40 million$95.50 millionViewListenView Earnings Details
1/13/2015Q414$0.44$0.47$96.44 million$97.90 millionViewN/AView Earnings Details
9/25/2014Q314$0.33$0.39$79.30 millionViewListenView Earnings Details
6/26/2014Q214$0.34$0.37$78.46 million$80.80 millionViewN/AView Earnings Details
3/27/2014Q114$0.28$0.28$74.75 million$74.50 millionViewN/AView Earnings Details
1/2/2014Q4$0.41$0.43$90.84 million$91.00 millionViewListenView Earnings Details
9/25/2013Q313$0.24$0.27$76.70 million$77.60 millionViewN/AView Earnings Details
6/26/2013Q2 2013$0.22$0.27$79.04 million$81.70 millionViewN/AView Earnings Details
3/27/2013Q1 2013$0.25$0.23$86.30 million$89.27 millionViewN/AView Earnings Details
1/3/2013Q4 2012$0.33$0.23$116.31 million$91.30 millionViewN/AView Earnings Details
6/27/2012$0.17$0.21ViewN/AView Earnings Details
3/28/2012$0.25$0.28ViewN/AView Earnings Details
1/3/2012$0.33$0.34ViewN/AView Earnings Details
9/27/2011$0.29$0.31ViewN/AView Earnings Details
6/28/2011$0.38$0.38ViewN/AView Earnings Details
3/28/2011$0.42$0.42ViewN/AView Earnings Details
12/21/2010$0.66$0.71$141.53 million$145.20 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Progress Software Corp. (NASDAQ:PRGS)
Current Year EPS Consensus Estimate: $1.31 EPS
Next Year EPS Consensus Estimate: $1.44 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.19$0.19$0.19
Q3 20161$0.33$0.33$0.33
Q4 20161$0.48$0.48$0.48
Q1 20172$0.20$0.22$0.21
Q2 20172$0.27$0.28$0.28
Q3 20171$0.36$0.36$0.36
Q4 20171$0.55$0.55$0.55
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Progress Software Corp. (NASDAQ:PRGS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/28/2016quarterly$0.1311/29/201612/1/201612/15/2016
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Progress Software Corp. (NASDAQ:PRGS)
Insider Ownership Percentage: 2.60%
Institutional Ownership Percentage: 92.65%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/12/2016Praesidium Investment ManagemeMajor ShareholderSell900,000$28.11$25,299,000.00View SEC Filing  
7/11/2016Paul A JalbertCAOSell21,041$28.93$608,716.13View SEC Filing  
6/10/2016Ram GuptaDirectorSell4,764$26.35$125,531.40View SEC Filing  
5/10/2016Barry N BycoffDirectorSell5,664$25.27$143,129.28View SEC Filing  
4/28/2016Michael MarkDirectorSell7,705$26.13$201,331.65View SEC Filing  
4/25/2016Charles Francis KaneDirectorSell10,000$26.13$261,300.00View SEC Filing  
4/20/2016David KrallDirectorSell7,705$26.04$200,638.20View SEC Filing  
4/13/2016Michael MarkDirectorSell8,497$25.25$214,549.25View SEC Filing  
2/17/2016Barry N. BycoffDirectorSell17,796$24.18$430,307.28View SEC Filing  
7/6/2015David A BensonEVPSell22,500$30.24$680,400.00View SEC Filing  
7/6/2015Michael MarkDirectorSell16,270$30.30$492,981.00View SEC Filing  
7/6/2015Stephen H FabermanSVPSell4,500$30.35$136,575.00View SEC Filing  
4/24/2015John GoodsonSVPSell13,504$26.18$353,534.72View SEC Filing  
2/5/2015Barry N BycoffDirectorSell11,418$26.01$296,982.18View SEC Filing  
1/16/2015Antonio J AquilinaSVPSell12,261$25.10$307,751.10View SEC Filing  
1/15/2015Philip M PeadCEOSell20,000$24.92$498,400.00View SEC Filing  
11/4/2014David KrallDirectorSell43,798$25.95$1,136,558.10View SEC Filing  
10/31/2014John GoodsonSVPSell22,500$25.73$578,925.00View SEC Filing  
7/22/2014Michael MarkDirectorSell14,252$23.82$339,482.64View SEC Filing  
7/21/2014Michael MarkDirectorSell9,252$23.74$219,642.48View SEC Filing  
7/7/2014Joseph AndrewsSVPSell7,500$23.91$179,325.00View SEC Filing  
7/1/2014John GoodsonSVPSell32,856$24.27$797,415.12View SEC Filing  
6/30/2014Joseph AndrewsSVPSell21,874$24.03$525,632.22View SEC Filing  
6/30/2014Michael MarkDirectorSell8,550$24.05$205,627.50View SEC Filing  
4/16/2014Antonio AquilinaSVPSell9,146$21.74$198,834.04View SEC Filing  
4/2/2014Ram GuptaDirectorSell18,160$22.20$403,152.00View SEC Filing  
2/13/2014Joseph AndrewsSVPSell7,500$24.50$183,750.00View SEC Filing  
2/10/2014Barry BycoffDirectorSell18,578$24.00$445,872.00View SEC Filing  
1/23/2014Barry BycoffDirectorSell18,922$24.58$465,102.76View SEC Filing  
11/7/2013Charles Francis KaneDirectorSell15,000$25.85$387,750.00View SEC Filing  
8/6/2013Jennifer SmithCMOSell2,533$25.75$65,224.75View SEC Filing  
8/1/2013Joseph AndrewsSVPSell11,250$25.85$290,812.50View SEC Filing  
7/9/2013Barry N BycoffDirectorSell42,154$24.50$1,032,773.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Progress Software Corp. (NASDAQ:PRGS)
DateHeadline
nasdaq.com logoProgress Software Corp Earnings Advance 8% In Q3 (NASDAQ:PRGS)
www.nasdaq.com - September 29 at 11:59 AM
rttnews.com logoProgress Software Corp. (PRGS) Is Losing Ground After Q3 Miss (NASDAQ:PRGS)
www.rttnews.com - September 29 at 11:59 AM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : September 29, 2016 (NASDAQ:PRGS)
www.capitalcube.com - September 29 at 11:59 AM
investorplace.com logo3 Stocks to Watch on Thursday: Pier 1 Imports Inc (PIR), Intra-Cellular Therapies Inc (ITCI) and Progress Software Corporation (PRGS) (NASDAQ:PRGS)
investorplace.com - September 29 at 8:55 AM
sg.finance.yahoo.com logoProgress Software posts 3Q profit (NASDAQ:PRGS)
sg.finance.yahoo.com - September 28 at 6:37 PM
blogs.barrons.com logoProgress Drops 9% as FYQ3 Revenue, Earnings Miss; Q4 Earnings View Light (NASDAQ:PRGS)
blogs.barrons.com - September 28 at 6:37 PM
marketwatch.com logoProgress Software shares fall 9% after results miss targets (NASDAQ:PRGS)
www.marketwatch.com - September 28 at 6:37 PM
biz.yahoo.com logoQ3 2016 Progress Software Corp Earnings Release - 4:30 pm ET (NASDAQ:PRGS)
biz.yahoo.com - September 28 at 12:04 PM
publicnow.com logoProgress Software Announces Details for Fiscal Third Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS)
www.publicnow.com - September 21 at 10:54 AM
finance.yahoo.com logoProgress Releases Kendo UI Builder: The Essential Foundation for Transformative Business Applications (NASDAQ:PRGS)
finance.yahoo.com - September 19 at 11:23 AM
publicnow.com logoProgress Embraces Latest Programming Frameworks, Including Angular 2, ASP.NET Core, Universal Windows Platform and Xamarin (NASDAQ:PRGS)
www.publicnow.com - September 15 at 10:23 AM
finance.yahoo.com logoProgress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS)
finance.yahoo.com - September 14 at 11:13 AM
finance.yahoo.com logoProgress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS)
finance.yahoo.com - September 14 at 11:13 AM
finance.yahoo.com logoMany Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS)
finance.yahoo.com - September 14 at 11:13 AM
finance.yahoo.com logoMany Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS)
finance.yahoo.com - September 14 at 11:13 AM
benzinga.com logoLadenburg Downgrades Progress Software, Cites Valuation (NASDAQ:PRGS)
www.benzinga.com - September 13 at 11:45 AM
News IconProgress Software Corporation (NASDAQ:PRGS) Broker Price Targets For The Coming Week (NASDAQ:PRGS)
www.nationaldailypress.com - September 12 at 6:33 PM
News IconTrevor Rogers sets sights on partner Progress in new role (NASDAQ:PRGS)
www.arnnet.com.au - September 9 at 11:37 AM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : September 2, 2016 (NASDAQ:PRGS)
www.capitalcube.com - September 2 at 11:44 AM
nasdaq.com logoNotable Wednesday Option Activity: PRGS, CHS, SWHC (NASDAQ:PRGS)
www.nasdaq.com - September 1 at 6:49 PM
finance.yahoo.com logoProgress Survey Reveals 93% of Fast Moving Consumer Goods Companies Feel Pressure to Embrace Digital Transformation (NASDAQ:PRGS)
finance.yahoo.com - August 31 at 12:03 PM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : August 9, 2016 (NASDAQ:PRGS)
www.capitalcube.com - August 9 at 7:11 PM
blogs.barrons.com logoProgress CEO Pead Aims to Ameliorate the 'Emasculation' of IT (NASDAQ:PRGS)
blogs.barrons.com - August 5 at 7:09 PM
finance.yahoo.com logoProgress Introduces Day One Support for High-Performance Big Data Connectivity (NASDAQ:PRGS)
finance.yahoo.com - August 2 at 11:53 AM
publicnow.com logoProgress (Nasdaq: PRGS) to Ring The Nasdaq Stock Market Opening Bell (NASDAQ:PRGS)
www.publicnow.com - August 1 at 10:11 AM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : July 29, 2016 (NASDAQ:PRGS)
www.capitalcube.com - July 29 at 1:48 PM
4-traders.com logoProgress : Appoints Former EMC and Oracle Executive, Mitch Breen, to the Role of Chief Revenue Officer (NASDAQ:PRGS)
www.4-traders.com - July 26 at 7:18 PM
capitalcube.com logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q2, 2016 By the Numbers : July 26, 2016 (NASDAQ:PRGS)
www.capitalcube.com - July 26 at 9:46 AM
4-traders.com logoProgress Software : The Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS)
www.4-traders.com - July 25 at 11:20 AM
finance.yahoo.com logoThe Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS)
finance.yahoo.com - July 25 at 5:00 AM
News IconChief Accounting Officer of Progress Software Corporation (NASDAQ:PRGS), Jalbert Paul A, sells 21,041 shares worth $608,651 (NASDAQ:PRGS)
empowerednews.net - July 13 at 7:19 PM
finance.yahoo.com logo3 Reasons Why Progress Software (PRGS) is a Great Momentum Stock (NASDAQ:PRGS)
finance.yahoo.com - July 12 at 8:55 AM
biz.yahoo.com logoPROGRESS SOFTWARE CORP /MA Files SEC form 10-Q, Quarterly Report (NASDAQ:PRGS)
biz.yahoo.com - July 8 at 9:17 AM
baystreet.ca logoProgress Software Corporation (PRGS) Gains on Q2 Earnings (NASDAQ:PRGS)
www.baystreet.ca - July 1 at 6:58 PM
investing.com logoProgress Software Spikes On Q2 Earnings (NASDAQ:PRGS)
www.investing.com - July 1 at 6:58 PM
equities.com logoProgress Software Corporation (PRGS) Jumps 9.01% on June 30 (NASDAQ:PRGS)
www.equities.com - July 1 at 6:58 PM
investors.com logoProgress Software, Newmont Mining shares gain after brokers keep them on hold (NASDAQ:PRGS)
www.proactiveinvestors.com - July 1 at 6:58 PM
rttnews.com logoProgress Software Corp. (PRGS) Broke Out On Better Than Expected Q2 Earnings (NASDAQ:PRGS)
www.rttnews.com - July 1 at 6:58 PM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : June 30, 2016 (NASDAQ:PRGS)
www.capitalcube.com - June 30 at 4:03 PM
blogs.barrons.com logoProgress Software Rises on FYQ2 Earnings Beat; Year Rev View Beats (NASDAQ:PRGS)
blogs.barrons.com - June 30 at 9:45 AM
nasdaq.com logoProgress Software Corp Q2 Earnings Retreat 9% (NASDAQ:PRGS)
www.nasdaq.com - June 30 at 9:45 AM
rttnews.com logoProgress Software Corp. (PRGS) Is Rising After Q2 Earnings Topped Expectations (NASDAQ:PRGS)
www.rttnews.com - June 30 at 9:45 AM
finance.yahoo.com logoProgress Software posts 2Q profit (NASDAQ:PRGS)
finance.yahoo.com - June 30 at 9:45 AM
biz.yahoo.com logoQ2 2016 Progress Software Corp Earnings Release - After Market Close (NASDAQ:PRGS)
biz.yahoo.com - June 29 at 7:07 AM
capitalcube.com logoProgress Software Corp. breached its 50 day moving average in a Bearish Manner : PRGS-US : June 27, 2016 (NASDAQ:PRGS)
www.capitalcube.com - June 27 at 10:06 AM
breakingfinancenews.com logoWedbush announced (NASDAQ:PRGS) Progress Software Corporation, hiking its price target to $24 earlier today (NASDAQ:PRGS)
breakingfinancenews.com - June 25 at 6:22 PM
twst.com logoProgress Software Corporation: Progress Software Announces Details for Fiscal Second Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS)
www.twst.com - June 22 at 11:37 AM
publicnow.com logoProgress Software Announces Details for Fiscal Second Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS)
www.publicnow.com - June 22 at 9:09 AM
capitalcube.com logoETF’s with exposure to Progress Software Corp. : June 17, 2016 (NASDAQ:PRGS)
www.capitalcube.com - June 17 at 5:29 PM
fidaily.com logoProgress Software Corporation (NASDAQ:PRGS) Trading Down – Insiders Selling, Short Interest Growing (NASDAQ:PRGS)
www.fidaily.com - June 16 at 7:09 PM

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Progress Software Corp. (NASDAQ:PRGS) Chart for Saturday, October, 1, 2016


Last Updated on 10/1/2016 by MarketBeat.com Staff