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Market Cap 2.62B P/E 32.63 EPS this Y 7.80% Ern Qtrly Grth -4.40%
Income 69.16M Forward P/E 12.95 EPS next Y 6.80% 50D Avg Chg 3.00%
Sales 714.9M PEG 5.39 EPS past 5Y 14.05% 200D Avg Chg 10.00%
Dividend 1.00% Price/Book 6.25 EPS next 5Y 2.00% 52W High Chg -2.00%
Recommedations 1.90 Quick Ratio 0.81 Shares Outstanding 43.22M 52W Low Chg 50.00%
Insider Own 1.50% ROA 4.99% Shares Float 42.81M Beta 0.94
Inst Own 106.41% ROE 15.81% Shares Shorted/Prior 4.02M/2.85M Price 60.36
Gross Margin 85.82% Profit Margin 9.67% Avg. Volume 374,466 Target Price 63.67
Oper. Margin 21.14% Earnings Date Jun 27 Volume 333,354 Change -0.17%
About Progress Software Corporation

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Progress Software Corporation News
08:15 AM Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc
04/15/24 Director David Krall Sells 20,000 Shares of Progress Software Corp (PRGS)
04/10/24 Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences
04/09/24 More than Half of Global Organizations Plan to Increase Their Investment in โ€œHuman-Centeredโ€ Software Design in the Next Year, According to Progress Sponsored Research Study
04/05/24 Progress Software Corp. Announcement under the Irish Takeover Rules
03/30/24 Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
03/29/24 Corrections & Amplifications
03/29/24 Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
03/28/24 Progress Releases Corporate Social Responsibility Report for 2023
03/28/24 Progress Software First Quarter 2024 Earnings: Beats Expectations
03/27/24 Announcement for the Purposes of Rule 2.12 of the Irish Takeover Rules
03/27/24 Progress Software Corporation (NASDAQ:PRGS) Q1 2024 Earnings Call Transcript
03/27/24 Progress' (PRGS) Q1 Earnings Top Estimates, Revenues Up Y/Y
03/27/24 Q1 2024 Progress Software Corp Earnings Call
03/26/24 Compared to Estimates, Progress Software (PRGS) Q1 Earnings: A Look at Key Metrics
03/26/24 Progress Software (PRGS) Beats Q1 Earnings and Revenue Estimates
03/26/24 Progress Software Corp (PRGS) Exceeds Q1 Revenue Estimates with Solid Performance Despite ...
03/26/24 Progress Software Confirms Bid to Acquire MariaDB
03/26/24 Progress Announces First Quarter 2024 Financial Results
03/26/24 Progress Partners with Veeam Software to Deliver AI-Powered Network Detection and Response to Global Enterprises
PRGS Chatroom

User Image Stock_Titan Posted - 6 hours ago

$PRGS Progress Software Corp. Statement regarding a Possible Offer for MariaDB plc https://www.stocktitan.net/news/PRGS/progress-software-corp-statement-regarding-a-possible-offer-for-qcufpvehqx9b.html

User Image BillMsft Posted - 1 day ago

$MRDB sell this to $PRGS 60 cents

User Image insiderbuyingselling Posted - 3 days ago

$PRGS new insider selling: 20000 shares. http://insiderbuyingselling.com/?t=PRGS

User Image ElijahJobs Posted - 1 week ago

$PRGS Pumping on low volume to dump. JMO

User Image ElijahJobs Posted - 1 week ago

$PRGS First, its PR says that its software is still human-centric as that is what the companies want. Then, very next day, it releases fluff PR saying it is working on AI capability. The truth is, its software will be obsolete in a couple of years. LMAO

User Image Stock_Titan Posted - 1 week ago

$PRGS Progress Announces Advanced AI Capabilities to Accelerate Delivery of Digital Experiences https://www.stocktitan.net/news/PRGS/progress-announces-advanced-ai-capabilities-to-accelerate-delivery-1wwjtt9jz4xq.html

User Image Stocksrunner Posted - 1 week ago

$PRGS | Progress Software Becomes Oversold Progress Software has entered oversold territory, based on its Relative Strength Index (RSI). https://stocksrunner.com/symbol/PRGS

User Image ElijahJobs Posted - 1 week ago

$PRGS ChatGPT can easily replace this crude software. JMO

User Image Stock_Titan Posted - 2 weeks ago

$PRGS Progress Software Corp. Announcement under the Irish Takeover Rules https://www.stocktitan.net/news/PRGS/progress-software-corp-announcement-under-the-irish-takeover-giyzso4pb44g.html

User Image ElijahJobs Posted - 03/29/24

$PRGS Thank God, the quarterly window dressing is over now. Time to go toward $46.5 which is a fair value or maximum value. JMO

User Image BMust Posted - 03/28/24

$MRDB accumulate , no brainer . Regardless of the price action , we know itโ€™s getting bought out , $PRGS stated they want to finalize the deal asap

User Image Stock_Titan Posted - 03/28/24

$PRGS Progress Releases Corporate Social Responsibility Report for 2023 https://www.stocktitan.net/news/PRGS/progress-releases-corporate-social-responsibility-report-for-hp2qahhb853l.html

User Image BMust Posted - 03/28/24

$MRDB remember itโ€™s an offer , there is always room to negotiate . $PRGS says it wants to make a deal as quickly as possible as they see value

User Image BMust Posted - 03/27/24

$MRDB Will this be acquisition or merger , in either case SP will boom $PRGS is above $50 current MC is 2.2 billion

User Image Stock_Titan Posted - 03/27/24

$PRGS Announcement for the Purposes of Rule 2.12 of the Irish Takeover Rules https://www.stocktitan.net/news/PRGS/announcement-for-the-purposes-of-rule-2-12-of-the-irish-takeover-6vf7qo72jcvt.html

User Image erevnon Posted - 03/27/24

Oppenheimer maintains Progress Software $PRGS at Outperform and maintains a price target of https://marketsblock.com/stock-upgrades-and-downgrades/

User Image BMust Posted - 03/27/24

$MRDB FYI $PRGS is a 2.2 billion MC company buying out MRDB.

User Image Ctb12 Posted - 03/27/24

$CZOO $IBIO $MRDB $PRGS

User Image BMust Posted - 03/27/24

$MRDB being bought out by $PRGS at 0.60 per share . $CZOO $IBIO bring your profits

User Image ElijahJobs Posted - 03/27/24

$PRGS Take away those bogus bids now. They are ready to let it go down. LMAO

User Image ElijahJobs Posted - 03/27/24

$PRGS Patience... Just giving longs some time to buy hedging puts before they finally let the bids disappear...The financials are horrible. I am a bit surprised that they kept the dividend. LMAO JMO

User Image LuckyMillionaireTrader Posted - 03/27/24

$PRGS come on break $52 and go to $50

User Image LuckyMillionaireTrader Posted - 03/27/24

$PRGS $52 is so strong

User Image ElijahJobs Posted - 03/27/24

$PRGS Whoever desperately defending 52.50 will run out of money eventually. JMO

User Image ElijahJobs Posted - 03/27/24

$PRGS Head fakes before 10:30. That is fine. Added more puts on strength. The resistance will be proven futile. A new 52-week low incoming. JMO

User Image mikekline Posted - 03/27/24

$PRGS how far will she drop!? Been here done that with this company many of times.

User Image OpenOutcrier Posted - 03/27/24

$PRGS (-1.6% pre) Progress Software 1Q Revenue Beats Estimates, 2Q Outlook Short of Forecasts - MW https://ooc.bz/l/28877

User Image briefingcom Posted - 03/27/24

Gapping down in reaction to earnings/guidance: $ALT -19.1% $GME -17.8% (also names new CFO) $FRGE -11.6% $CNXC -4.4% $PRGS -1.8% (also confirms it is considering a possible offer for MariaDB)

User Image Stocksrunner Posted - 03/27/24

๐Ÿš€ Wednesday Market Wrap-Up! ๐Ÿš€ ๐Ÿ”ฅ $MRK hits record high after FDA approves lung disease drug. US FDA approves Mercks blood pressure therapy, adding another potential blockbuster drug! ๐Ÿ“ˆ $PRGS Beats Q1 Earnings and Revenue Estimates. Quarterly earnings surpass expectations with a remarkable year-over-year increase! ๐ŸŒŸ $ADBE Revolutionizes Content Supply Chain With New Generative AI Tools. ๐ŸŽ‰ $DIS Rises As Market Takes a Dip. Despite market turbulence, Disney shines with key facts for investors! ๐Ÿ“ˆ $NCNO Surpasses Q4 Earnings Estimates. Impressive earnings beat expectations, demonstrating strong growth! Stay tuned for more thrilling updates tomorrow! ๐Ÿ’ผ

User Image WSBisforstupidppl Posted - 03/26/24

$PRGS surprising it's holding up so well when guidance is so bad

Analyst Ratings
DA Davidson Buy Mar 28, 24
JP Morgan Overweight Mar 27, 24
Oppenheimer Outperform Mar 27, 24
Wedbush Outperform Feb 23, 24
Wedbush Outperform Sep 28, 23
Wedbush Outperform Sep 27, 23
Oppenheimer Outperform Sep 27, 23
Wedbush Outperform Sep 19, 23
Citigroup Neutral Aug 8, 23
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Kane Charles Francis Director Director Feb 02 Sell 57.37 5,000 286,850 62,110 02/06/24
FOLGER ANTHONY Chief Financial Offi.. Chief Financial Officer Jan 31 Sell 57.36 15,000 860,400 37,046 02/02/24
FOLGER ANTHONY Chief Financial Offi.. Chief Financial Officer Jan 31 Option 15.75 44,664 703,458 61,029 02/02/24
Pitt Ian Chief Information Of.. Chief Information Officer Feb 01 Sell 57.4 3,168 181,843 3,167 02/02/24
Pitt Ian Chief Information Of.. Chief Information Officer Feb 01 Option 0 9,098 9,098 02/02/24
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Feb 01 Sell 56.91 5,129 291,891 2,664 02/02/24
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Feb 01 Option 34.73 4,893 169,934 7,793 02/02/24
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Feb 01 Sell 57.19 40,174 2,297,551 186,558 02/02/24
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Feb 01 Option 0 98,371 274,295 02/02/24
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Jan 18 Sell 57 4,503 256,671 2,900 01/22/24
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Jan 18 Option 50.69 4,503 228,257 7,403 01/22/24
Kulikoski Kathryn Chief People Officer Chief People Officer Dec 14 Option 44.89 2,547 114,335 4,838 12/18/23
Kulikoski Kathryn Chief People Officer Chief People Officer Dec 14 Sell 55 2,547 140,085 3,351 12/18/23
Pitt Ian Chief Information Of.. Chief Information Officer Dec 14 Sell 55 584 32,120 12/18/23
Subramanian Sundar EVP/GM Infrastructur.. EVP/GM Infrastructure Mgmt Dec 01 Sell 53.6352 2,119 113,653 22,801 12/05/23
Pitt Ian Chief Information Of.. Chief Information Officer Nov 17 Sell 53.5053 3,222 172,394 584 11/21/23
Subramanian Sundar EVP/GM Infrastructur.. EVP/GM Infrastructure Mgmt Nov 15 Sell 53.88 1,704 91,812 24,920 11/17/23
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Nov 08 Sell 52.84 300 15,852 2,795 11/09/23
Kulikoski Kathryn Chief People Officer Chief People Officer Sep 01 Sell 61.06 3,265 199,361 2,073 09/06/23
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer Aug 15 Sell 60.26 200 12,052 1,909 08/17/23
Ainsworth John EVP/GM App & Data Pl.. EVP/GM App & Data Platform Aug 08 Option 29.25 23,490 687,082 66,006 08/10/23
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Aug 03 Option 28.98 149,573 4,334,626 275,887 08/04/23
Kulikoski Kathryn Chief People Officer Chief People Officer Jul 31 Sell 59.81 2,548 152,396 5,338 08/02/23
Kulikoski Kathryn Chief People Officer Chief People Officer Jul 31 Option 44.89 2,548 114,380 6,825 08/02/23
Kulikoski Kathryn Chief People Officer Chief People Officer Jul 03 Option 47.16 2,122 100,074 7,338 07/06/23
Kulikoski Kathryn Chief People Officer Chief People Officer Jul 03 Sell 57.87 2,122 122,800 5,216 07/06/23
Kulikoski Kathryn Chief People Officer Chief People Officer Jun 01 Sell 59.69 1,500 89,535 5,216 06/02/23
WANG YUFAN STEPHANIE Chief Legal Officer Chief Legal Officer May 08 Sell 54.39 234 12,727 05/09/23
Kane Charles Francis Director Director Apr 05 Sell 54.3406 20,000 1,086,812 68,175 04/07/23
FOLGER ANTHONY Chief Financial Offi.. Chief Financial Officer Apr 01 Sell 56.11 3,775 211,815 22,116 04/04/23
FOLGER ANTHONY Chief Financial Offi.. Chief Financial Officer Apr 01 Option 0 6,784 26,888 04/04/23
Jarrett Loren EVP/GM Digital Exper.. EVP/GM Digital Experience Feb 06 Sell 55.8962 4,629 258,744 17,639 02/08/23
Subramanian Sundar EVP/GM Infrastructur.. EVP/GM Infrastructure Mgmt Feb 01 Sell 55 556 30,580 24,166 02/03/23
Subramanian Sundar EVP/GM Infrastructur.. EVP/GM Infrastructure Mgmt Feb 01 Option 0 10,130 29,053 02/03/23
SEGAL JEREMY EVP, Corporate Devel.. EVP, Corporate Development Feb 01 Sell 54.69 23,497 1,285,051 636 02/03/23
SEGAL JEREMY EVP, Corporate Devel.. EVP, Corporate Development Feb 01 Option 19.47 32,268 628,258 24,133 02/03/23
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Feb 01 Option 0 65,003 151,332 02/03/23
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Feb 01 Sell 55.46 20,000 1,109,200 02/03/23
FOLGER ANTHONY Chief Financial Offi.. Chief Financial Officer Jan 09 Sell 52.3483 11,863 621,008 4,603 01/23/23
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Jan 17 Sell 53.6616 10,000 536,616 20,000 01/19/23
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Dec 21 Sell 49.4318 5,000 247,159 30,000 12/23/22
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Dec 01 Sell 54.0137 10,000 540,137 35,000 12/05/22
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Sep 21 Sell 43.8692 5,000 219,346 65,000 09/22/22
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Jun 21 Sell 47.2776 5,000 236,388 80,000 06/23/22
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer May 05 Option 29.25 1,000 29,250 2,647 05/09/22
LoCoco Domenic Chief Accounting Off.. Chief Accounting Officer May 05 Sell 49.09 1,756 86,202 1,647 05/09/22
Kane Charles Francis Director Director Apr 27 Sell 46.2308 5,000 231,154 83,208 04/28/22
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Apr 21 Sell 50.2013 5,000 251,007 90,000 04/25/22
Gupta Yogesh K Chief Executive Offi.. Chief Executive Officer Mar 21 Sell 45.3453 5,000 226,726 95,000 04/21/22
SEGAL JEREMY EVP, Corporate Devel.. EVP, Corporate Development Apr 01 Option 0 2,223 1,679 04/05/22