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: $27.09
  • 50 Day Moving Average: $27.83
  • 200 Day Moving Average: $27.19
  • 52-Week Range: $22.01 - $29.80
  • Trailing P/E Ratio: 157.50
  • Foreward P/E Ratio: 19.92
  • P/E Growth: 1.76
  • Market Cap: $1.32B
  • Outstanding Shares: 48,611,000
  • Beta: 1.14
  • Net Margins: 2.15%
  • Return on Equity: 12.08%
  • Return on Assets: 7.17%
  • Debt-to-Equity Ratio: 0.25%
  • Current Ratio: 1.58%
  • Quick Ratio: 1.58%
Additional Links:
Companies Related to Progress Software Corp.:

Analyst Ratings

Consensus Ratings for Progress Software Corp. (NASDAQ:PRGS) (?)
Ratings Breakdown: 3 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $28.00 (3.36% upside)

Analysts' Ratings History for Progress Software Corp. (NASDAQ:PRGS)
DateFirmActionRatingPrice TargetDetails
10/15/2016Citigroup Inc.Reiterated RatingNeutralView Rating Details
10/11/2016Benchmark Co.Reiterated RatingBuy$31.00View Rating Details
10/11/2016WedbushReiterated RatingNeutral$24.00View Rating Details
9/13/2016Ladenburg ThalmannDowngradeBuy -> NeutralView Rating Details
7/3/2016JMP SecuritiesReiterated RatingHoldView 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
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
(Data available from 10/23/2014 forward)


Earnings History for Progress Software Corp. (NASDAQ:PRGS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for Progress Software Corp. (NASDAQ:PRGS)
Current Year EPS Consensus Estimate: $1.28 EPS
Next Year EPS Consensus Estimate: $1.36 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)


Dividend History for Progress Software Corp. (NASDAQ:PRGS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(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: 92.73%
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)


Latest Headlines for Progress Software Corp. (NASDAQ:PRGS)
DateHeadline logoProgress Releases DigitalFactory: The Only Digital Transformation Solution Designed with the Marketer, IT and Developer in Mind (NASDAQ:PRGS) - October 19 at 3:24 PM logoPROGRESS SOFTWARE CORP /MA Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:PRGS) - October 14 at 6:39 PM
News IconProgress Software, Amid Shift to Cloud, Names 4th CEO in Seven Years (NASDAQ:PRGS) - October 13 at 7:00 PM logoPROGRESS SOFTWARE CORP /MA Financials (NASDAQ:PRGS) - October 12 at 6:49 PM logoProgress Announces CEO Succession (NASDAQ:PRGS) - October 10 at 6:25 PM logoProgress Software Names Gupta as New CEO Replacing Pead (NASDAQ:PRGS) - October 10 at 6:25 PM logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q3, 2016 By the Numbers : October 3, 2016 (NASDAQ:PRGS) - October 3 at 11:30 AM
News IconPost Earnings Coverage as Progress Softwares Q3 Bottom line Grows 8 Percent (NASDAQ:PRGS) - October 3 at 11:30 AM logoProgress Software Corp Earnings Advance 8% In Q3 (NASDAQ:PRGS) - September 29 at 11:59 AM logoProgress Software Corp. (PRGS) Is Losing Ground After Q3 Miss (NASDAQ:PRGS) - September 29 at 11:59 AM logoETF’s with exposure to Progress Software Corp. : September 29, 2016 (NASDAQ:PRGS) - September 29 at 11:59 AM logo3 Stocks to Watch on Thursday: Pier 1 Imports Inc (PIR), Intra-Cellular Therapies Inc (ITCI) and Progress Software Corporation (PRGS) (NASDAQ:PRGS) - September 29 at 8:55 AM logoProgress Software posts 3Q profit (NASDAQ:PRGS) - September 28 at 6:37 PM logoProgress Drops 9% as FYQ3 Revenue, Earnings Miss; Q4 Earnings View Light (NASDAQ:PRGS) - September 28 at 6:37 PM logoProgress Software shares fall 9% after results miss targets (NASDAQ:PRGS) - September 28 at 6:37 PM logoQ3 2016 Progress Software Corp Earnings Release - 4:30 pm ET (NASDAQ:PRGS) - September 28 at 12:04 PM logoProgress Software Announces Details for Fiscal Third Quarter 2016 Earnings Release and Conference Call (NASDAQ:PRGS) - September 21 at 10:54 AM logoProgress Releases Kendo UI Builder: The Essential Foundation for Transformative Business Applications (NASDAQ:PRGS) - September 19 at 11:23 AM logoProgress Embraces Latest Programming Frameworks, Including Angular 2, ASP.NET Core, Universal Windows Platform and Xamarin (NASDAQ:PRGS) - September 15 at 10:23 AM logoProgress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS) - September 14 at 11:13 AM logoProgress Software downgraded by Ladenburg Thalmann (NASDAQ:PRGS) - September 14 at 11:13 AM logoMany Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS) - September 14 at 11:13 AM logoMany Organizations Lag in Digital Marketing Maturity, According to Progress Survey (NASDAQ:PRGS) - September 14 at 11:13 AM logoLadenburg Downgrades Progress Software, Cites Valuation (NASDAQ:PRGS) - September 13 at 11:45 AM
News IconProgress Software Corporation (NASDAQ:PRGS) Broker Price Targets For The Coming Week (NASDAQ:PRGS) - September 12 at 6:33 PM
News IconTrevor Rogers sets sights on partner Progress in new role (NASDAQ:PRGS) - September 9 at 11:37 AM logoETF’s with exposure to Progress Software Corp. : September 2, 2016 (NASDAQ:PRGS) - September 2 at 11:44 AM logoNotable Wednesday Option Activity: PRGS, CHS, SWHC (NASDAQ:PRGS) - September 1 at 6:49 PM logoProgress Survey Reveals 93% of Fast Moving Consumer Goods Companies Feel Pressure to Embrace Digital Transformation (NASDAQ:PRGS) - August 31 at 12:03 PM logoETF’s with exposure to Progress Software Corp. : August 9, 2016 (NASDAQ:PRGS) - August 9 at 7:11 PM logoProgress CEO Pead Aims to Ameliorate the 'Emasculation' of IT (NASDAQ:PRGS) - August 5 at 7:09 PM logoProgress Introduces Day One Support for High-Performance Big Data Connectivity (NASDAQ:PRGS) - August 2 at 11:53 AM logoProgress (Nasdaq: PRGS) to Ring The Nasdaq Stock Market Opening Bell (NASDAQ:PRGS) - August 1 at 10:11 AM logoETF’s with exposure to Progress Software Corp. : July 29, 2016 (NASDAQ:PRGS) - July 29 at 1:48 PM logoProgress : Appoints Former EMC and Oracle Executive, Mitch Breen, to the Role of Chief Revenue Officer (NASDAQ:PRGS) - July 26 at 7:18 PM logoProgress Software Corp. :PRGS-US: Earnings Analysis: Q2, 2016 By the Numbers : July 26, 2016 (NASDAQ:PRGS) - July 26 at 9:46 AM logoProgress Software : The Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS) - July 25 at 11:20 AM logoThe Progress Common Component Specification Project Hits Major Milestones on First Anniversary (NASDAQ:PRGS) - 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) - July 13 at 7:19 PM logo3 Reasons Why Progress Software (PRGS) is a Great Momentum Stock (NASDAQ:PRGS) - July 12 at 8:55 AM logoPROGRESS SOFTWARE CORP /MA Files SEC form 10-Q, Quarterly Report (NASDAQ:PRGS) - July 8 at 9:17 AM logoProgress Software Corporation (PRGS) Gains on Q2 Earnings (NASDAQ:PRGS) - July 1 at 6:58 PM logoProgress Software Spikes On Q2 Earnings (NASDAQ:PRGS) - July 1 at 6:58 PM logoProgress Software Corporation (PRGS) Jumps 9.01% on June 30 (NASDAQ:PRGS) - July 1 at 6:58 PM logoProgress Software, Newmont Mining shares gain after brokers keep them on hold (NASDAQ:PRGS) - July 1 at 6:58 PM logoProgress Software Corp. (PRGS) Broke Out On Better Than Expected Q2 Earnings (NASDAQ:PRGS) - July 1 at 6:58 PM logoETF’s with exposure to Progress Software Corp. : June 30, 2016 (NASDAQ:PRGS) - June 30 at 4:03 PM logoProgress Software Rises on FYQ2 Earnings Beat; Year Rev View Beats (NASDAQ:PRGS) - June 30 at 9:45 AM logoProgress Software Corp Q2 Earnings Retreat 9% (NASDAQ:PRGS) - June 30 at 9:45 AM logoProgress Software Corp. (PRGS) Is Rising After Q2 Earnings Topped Expectations (NASDAQ:PRGS) - June 30 at 9:45 AM


Progress Software Corp. (NASDAQ:PRGS) Chart for Sunday, October, 23, 2016

Last Updated on 10/23/2016 by Staff