PRGS 📈 Progress Software - Overview
Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7433121008
PRGS: Application Development, DevOps, DevSecOps, Load Balancers, File Transfer
Progress Software Corporation is a leading developer of business applications, operating globally with a diverse portfolio of products and services. The company's flagship offering, OpenEdge, is a comprehensive application development platform designed to support business-critical applications, enabling organizations to build, deploy, and manage their applications efficiently. Additionally, Progress offers a range of other products, including Chef, a DevOps and DevSecOps automation software that streamlines the development and deployment process, and Developer Tools, a collection of software development tools that facilitate the creation of web, desktop, and mobile applications.
The company's product lineup also includes Kemp LoadMaster, an application delivery and security solution that provides cloud-native, virtual, and hardware load balancers to ensure high availability and security of applications. Sitefinity, a digital experience platform, delivers intelligent tools for marketers to create personalized and engaging experiences, driving return on investment (ROI). Furthermore, Progress offers a range of other specialized products, such as MOVEit, a managed file transfer software for secure file transfer and management, and DataDirect, a suite of secure data connectivity tools for various data sources, including relational, NoSQL, Big Data, and SaaS.
Progress also provides a range of network infrastructure monitoring and security products, including WhatsUp Gold, a network monitoring software that offers complete visibility into network devices, servers, and cloud environments, and Flowmon, a network security and visibility product with automated response capabilities. The company's Corticon decision automation platform enables organizations to streamline complex business rules, while MarkLogic, a data agility platform, connects data and metadata to facilitate better decision-making. Semaphore, a Semantic AI platform, rounds out the company's product offerings, providing advanced artificial intelligence capabilities.
In addition to its product portfolio, Progress offers a range of services, including project management, implementation, custom software development, programming, and training services, to support its customers in deploying and utilizing its products effectively. The company's products and services are sold to a diverse range of customers, including end users, independent software vendors, original equipment manufacturers, system integrators, value-added resellers, and distributors. With a history dating back to 1981, Progress is headquartered in Burlington, Massachusetts, and is listed on the NASDAQ stock exchange under the ticker symbol PRGS.
Additional Sources for PRGS Stock
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
PRGS Stock Overview
Market Cap in USD | 2,965m |
Sector | Technology |
Industry | Software - Infrastructure |
GiC Sub-Industry | Systems Software |
IPO / Inception | 1991-07-30 |
PRGS Stock Ratings
Growth 5y | 62.9% |
Fundamental | 49.4% |
Dividend | 37.6% |
Rel. Strength Industry | -14.9 |
Analysts | 4.29/5 |
Fair Price Momentum | 66.35 USD |
Fair Price DCF | 132.83 USD |
PRGS Dividends
Dividend Yield 12m | 0.81% |
Yield on Cost 5y | 1.32% |
Annual Growth 5y | -4.76% |
Payout Consistency | 96.5% |
PRGS Growth Ratios
Growth Correlation 3m | 41.6% |
Growth Correlation 12m | 69.8% |
Growth Correlation 5y | 90.1% |
CAGR 5y | 10.43% |
CAGR/Mean DD 5y | 0.98 |
Sharpe Ratio 12m | 0.81 |
Alpha | 1.85 |
Beta | 0.86 |
Volatility | 27.49% |
Current Volume | 291.8k |
Average Volume 20d | 537.8k |
As of January 02, 2025, the stock is trading at USD 65.15 with a total of 291,803 shares traded.
Over the past week, the price has changed by -1.88%, over one month by -4.63%, over three months by -0.99% and over the past year by +21.19%.
Partly, yes. Based on ValueRay Fundamental Analyses, Progress Software (NASDAQ:PRGS) is currently (January 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 49.40 and therefor a somewhat positive outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of PRGS as of January 2025 is 66.35. This means that PRGS is currently overvalued and has a potential downside of 1.84%.
Progress Software has received a consensus analysts rating of 4.29. Therefor, it is recommend to buy PRGS.
- Strong Buy: 4
- Buy: 1
- Hold: 2
- Sell: 0
- Strong Sell: 0
According to ValueRays Forecast Model, PRGS Progress Software will be worth about 72.5 in January 2026. The stock is currently trading at 65.15. This means that the stock has a potential upside of +11.25%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | 73.3 | 12.5% |
Analysts Target Price | 63 | -3.3% |
ValueRay Target Price | 72.5 | 11.3% |