Progress Software Corporation (PRGS)

Currency in USD
28.75
-0.27(-0.93%)
Closed·
29.00+0.25(+0.87%)
·
PRGS is not included in our AI-picked strategies. See which stocks are.
Fair Value
Day's Range
28.2529.99
52 wk Range
23.8265.50
Key Statistics
Prev. Close
28.75
Open
29.5
Day's Range
28.25-29.99
52 wk Range
23.82-65.5
Volume
1.21M
Average Volume (3m)
1.16M
1-Year Change
-49.8954%
Book Value / Share
11.84
Fair Value
unlockUnlock
Fair Value Upside
unlockUnlock
PRGS Scorecardpro icon
Company’s Health
Unlock
Fair Value
Unlock Price
Fair Price
Upside
Price Target
50.83
Upside
+76.81%
Members' Sentiments
Bearish
Bullish
ProTips
High shareholder yield
Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Buy
Technical Indicators
Buy
Moving Averages
Buy

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. 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.

Employees
2801

Progress Software Corporation Earnings Call Summary for Q1/2026

  • Progress Software Q1 2026 EPS of $1.60 beat forecast of $1.57; revenue of $248M exceeded estimates of $246.41M, driving stock up 4.81% total.
  • Revenue grew 4% YoY with 41% operating margin; adjusted free cash flow surged 35% to $99M; net retention rate held strong at 99%.
  • Q2 2026 guidance: revenue $240M-$246M, EPS $1.47-$1.53; full-year revenue projected $988M-$1B with 39% operating margin.
  • CEO emphasized AI integration across product portfolio as key growth driver, enhancing competitive positioning and customer value delivery.
  • Key risks include macroeconomic uncertainties, potential DevTools segment decline from lower developer seat count, and competitive retention pressures.
Last Updated: 30/03/2026, 22:56
Read Full Transcript

Compare PRGS to Peers and Sector

Metrics to compare
PRGS
Peers
Sector
Relationship
P/E Ratio
14.2x22.6x12.9x
PEG Ratio
0.271.200.01
Price/Book
2.4x5.4x2.4x
Price / LTM Sales
1.2x4.5x2.3x
Upside (Analyst Target)
56.8%42.2%30.5%
Fair Value Upside
Unlock26.8%3.4%Unlock

Analyst Ratings

5 Buy
1 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 50.83
(+76.81% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
DA Davidson
Buy40.00+39.13%50.00MaintainMar 31, 2026
Oppenheimer
Buy57.00+98.26%70.00MaintainMar 31, 2026
DA Davidson
Buy50.00+73.91%70.00MaintainMar 25, 2026
DA Davidson
Buy70.00+143.48%70.00MaintainFeb 04, 2026
Citi
Buy60.00+108.70%54.00MaintainJan 21, 2026

Earnings

Latest Release
Mar 30, 2026
EPS / Forecast
1.60 / 1.57
Revenue / Forecast
247.8M / 246.41M
EPS Revisions
Last 90 days

PRGS Income Statement

People Also Watch

327.88
TYL
-1.74%
110.21
CRDO
+3.20%
87.36
QLYS
-1.00%
406.73
MU
+7.72%
143.66
ORCL
+0.34%

FAQ

What Is the Progress (PRGS) Stock Price Today?

The Progress stock price today is 28.75 USD.

What Stock Exchange Does Progress Trade On?

Progress is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Progress?

The stock symbol for Progress is "PRGS."

What Is the Progress (PRGS) Afterhours Price Today? (Afterhours variable test: 29.00) Current Date: Apr 09, 2026

After hours price: 29.00. After hours price change (units): 0.25. Price change percentage: 0.87%

What Is the Progress Market Cap?

As of today, Progress market cap is 1.21B USD.

What Is Progress's Earnings Per Share (TTM)?

The Progress EPS (TTM) is 1.95.

When Is the Next Progress Earnings Date?

Progress will release its next earnings report on Jun 30, 2026.

From a Technical Analysis Perspective, Is PRGS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.

How Many Times Has Progress Stock Split?

Progress has split 4 times.

How Many Employees Does Progress Have?

Progress has 2801 employees.

What is the current trading status of Progress (PRGS)?

As of Apr 09, 2026, Progress (PRGS) is trading at a price of 28.75 USD, with a previous close of 28.75 USD. The stock has fluctuated within a day range of 28.25 USD to 29.99 USD, while its 52-week range spans from 23.82 USD to 65.50 USD.

What Is Progress (PRGS) Price Target According to Analysts?

The average 12-month price target for Progress is 50.83 USD, with a high estimate of 83 USD and a low estimate of 34 USD. 5 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +76.81% Upside potential.

What Is the PRGS After Hours Price?

PRGS's last after hours stock price is 29.00 USD, the stock has decreased by 0.25, or 0.87%.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2026 - Fusion Media Limited. All Rights Reserved.