Progress Software (PRGS) Stock Price, News & Analysis

Company Overview

Progress Software Corporation (NASDAQ: PRGS) develops enterprise software designed to help organizations build, deploy, manage and secure business applications and digital services. Its portfolio supports application development, data connectivity, integration, file transfer, application performance monitoring and network management across cloud, hybrid and on-premises environments.

The company’s products and brands include OpenEdge for developing and deploying business applications; DataDirect for data connectivity; MOVEit for managed file transfer; WhatsUp Gold and Flowmon for network monitoring and visibility; Chef for infrastructure and application automation; Sitefinity for digital experience management; and Telerik and Kendo UI for user interface and development tools. Progress also offers application servers, integration technologies and other tools intended to support the full application lifecycle.

Progress was founded in 1981 and is headquartered in Burlington, Massachusetts. Through organic development and acquisitions, the company has expanded its portfolio to serve businesses, government organizations and other institutions internationally. Progress has been led by President and Chief Executive Officer Yogesh Gupta since 2016.

Key Stats

• Today's Range: $39.86 to $40.77
• 50-Day Range: $36.92 to $46.27
• 52-Week Range: $23.82 to $47.37
• Volume: 83,788 shs
• Average Volume: 845,537 shs
• Market Capitalization: $1.65 billion
• P/E Ratio: 19.45
• Dividend Yield: N/A
• Price Target: $52.17
• Consensus Rating: Moderate Buy

Progress Software Stock Analysis - MarketRank™

Progress Software scored higher than 78% of companies evaluated by MarketBeat, and ranked 181st out of 602 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Progress Software has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on no strong buy ratings, 5 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Progress Software has a consensus price target of $52.17, representing about 28.9% upside from its current price of $40.47.

Amount of Analyst Coverage

Progress Software has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.94%

Earnings Growth

Earnings for Progress Software are expected to grow by 2.94% in the coming year, from $4.77 to $4.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Progress Software is 19.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of Progress Software is 19.38, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 79.01.

Price to Earnings Growth Ratio

Progress Software has a PEG Ratio of 1.70. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Progress Software has a P/B Ratio of 3.63. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.90% of the float of Progress Software has been sold short.

Short Interest Ratio / Days to Cover

Progress Software has a short interest ratio ("days to cover") of 8.72.

Change versus previous month

Short interest in Progress Software has recently increased by 2.48%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.8 / 5
• Dividend Strength: N/A

Dividend Yield

Progress Software does not currently pay a dividend.

Dividend Growth

Progress Software does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Progress Software will have a dividend payout ratio of 14.26% next year. This indicates that Progress Software will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 0.82

News Sentiment

Progress Software has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Progress Software this week, compared to 4 articles on an average week.

Search Interest

Only 1 people have searched for PRGS on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

MarketBeat Follows

2 people have added Progress Software to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.9 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Progress Software insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $405,547.00 in company stock.

Percentage Held by Insiders

4.10% of the stock of Progress Software is held by insiders.

Percentage Held by Institutions

Progress Software has minimal institutional ownership at this time.

Company Calendar

• Last Earnings: 6/30/2026
• Today: 9/25/2026
• Next Earnings (Estimated): 9/30/2026
• Fiscal Year End: 11/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Software
• Sub-Industry: Systems Software
• Current Symbol: NASDAQ:PRGS
• CIK: 876167
• Web: www.progress.com
• Phone: (781) 280-4000
• Fax: 781-280-4095
• Employees: 2,801
• Year Founded: 1981

Price Target and Rating

• Average Price Target for Progress Software: $52.17
• High Price Target: $83.00
• Low Price Target: $34.00
• Potential Upside/Downside: +29.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.06
• Trailing P/E Ratio: 19.45
• Forward P/E Ratio: 8.43
• P/E Growth: 1.7
• Net Income: $73.13 million
• Net Margins: 8.87%
• Pretax Margin: 10.72%
• Return on Equity: 43.07%
• Return on Assets: 8.78%

Debt

• Debt-to-Equity Ratio: 2.55
• Current Ratio: 0.81
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $977.83 million
• Price / Sales: 1.69
• Cash Flow: $8.29 per share
• Price / Cash Flow: 4.85
• Book Value: $11.15 per share
• Price / Book: 3.60

Miscellaneous

• Outstanding Shares: 41,010,000
• Free Float: 39,331,000
• Market Cap: $1.65 billion
• Optionable: Optionable
• Beta: 0.82