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PRGS

Progress Software Corp
$
50.815
+0.845(1.691%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
51.280
Open
50.210
VWAP
--
Vol
1.05M
Mkt Cap
2.19B
Low
49.720
Amount
--
EV/EBITDA(TTM)
11.81
Total Shares
43.22M
EV
3.55B
EV/OCF(TTM)
20.12
P/S(TTM)
2.60
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products, enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, OpenAccess, and MOVEit Cloud. Corticon is a decision automation platform that transforms user experiences by streamlining and automating complex business rules without having to code.
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Market Estimates

Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q1
FY2025Q4
FY2025Q3
243.67M
+2.38%
1.406
+7.32%
251.75M
+17.12%
1.325
-0.34%
240.11M
+34.37%
1.303
+3.44%
Estimates Revision
The market is revising Upward the revenue expectations for Progress Software Corporation (PRGS) for FY2025, with the revenue forecasts being adjusted by 0.39% over the past three months. During the same period, the stock price has changed by -14.13%.
Revenue Estimates for FY2025
Revise Upward
up Image
+0.39%
In Past 3 Month
EPS Estimates for FY2025
Revise Upward
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+1.05%
In Past 3 Month
Stock Price
Go Down
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-14.13%
In Past 3 Month
5 Analyst Rating
up Image
36.57% Upside
Wall Street analysts forecast PRGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRGS is 69.40 USD with a low forecast of 57.00 USD and a high forecast of 80.00  USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
2 Hold
0 Sell
Moderate Buy
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36.57% Upside
Current: 50.815
sliders
Low
57.00
Averages
69.40
High
80.00
Citi
Neutral
downgrade
$64 -> $57
2025-07-15
Reason
Citi lowered the firm's price target on Progress Software to $57 from $64 and keeps a Neutral rating on the shares. The firm updated the company's model post the Q2 report.
DA Davidson
Buy
maintain
$70 -> $75
2025-07-01
Reason
DA Davidson raised the firm's price target on Progress Software to $75 from $70 and keeps a Buy rating on the shares. The company reported another quarter of consistent strength in the business while at the same time announced its acquisition of Nuclia, a RAG as a service provider which will provide complimentary capabilities to the entire Progress platform, the analyst tells investors in a research note. Progress Software's integration of ShareFile also continues to track ahead of schedule, the firm added.
DA Davidson
Lucky Schreiner
Strong Buy
Maintains
$75 → $70
2025-04-14
Reason
DA Davidson analyst Lucky Schreiner lowered the firm's price target on Progress Software to $70 from $75 and keeps a Buy rating on the shares as part of a broader research note updating estimates within the firm's coverage of the Software group. The firm is now assuming a base case of one or two quarters of negative GDP in the US this year, which will translate to lower growth and has already translated to lower valuations, the analyst tells investors in a research note. DA Davidson adds that regardless of how the current tariff regime plays out, it sees a slowdown in consumer activity and corporate investment, at least for the next couple of quarters.
Wedbush
Daniel Ives
Buy
Reiterates
$75
2025-04-01
Reason
Guggenheim
John Difucci
Strong Buy
Reiterates
$83
2025-04-01
Reason
Guggenheim
John Difucci
Strong Buy
Reiterates
$83
2025-01-22
Reason

Valuation Metrics

The current forward P/E ratio for Progress Software Corp (PRGS.O) is 9.40, compared to its 5-year average forward P/E of 12.07. For a more detailed relative valuation and DCF analysis to assess Progress Software Corp 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Strongly Undervalued
5Y Average PE
12.07
Current PE
9.40
Overvalued PE
13.23
Undervalued PE
10.91

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average EV/EBITDA
9.50
Current EV/EBITDA
6.80
Overvalued EV/EBITDA
13.25
Undervalued EV/EBITDA
5.74

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Strongly Undervalued
5Y Average PS
3.30
Current PS
2.21
Overvalued PS
3.65
Undervalued PS
2.95

Financials

Annual
Quarterly
FY2025Q2
YoY :
+35.57%
237.36M
Total Revenue
FY2025Q2
YoY :
+34.21%
42.12M
Operating Profit
FY2025Q2
YoY :
+5.20%
17.03M
Net Income after Tax
FY2025Q2
YoY :
+5.41%
0.39
EPS - Diluted
FY2025Q2
YoY :
-52.97%
29.50M
Free Cash Flow
FY2025Q2
YoY :
-4.51%
69.10
Gross Profit Margin - %
FY2025Q2
YoY :
-33.04%
19.62
FCF Margin - %
FY2025Q2
YoY :
-22.49%
7.17
Net Margin - %
FY2025Q2
YoY :
-23.06%
6.44
ROIC

Trading Trends

Insider
Insiders areSelling! The selling amount has increased 126.65% over the last month.
Sold
0-3
Months
2.5M
USD
4
3-6
Months
2.1M
USD
7
6-9
Months
537.8K
USD
3
0-12
Months
1.3M
USD
4
Bought
0-3
2
353.8K
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
17.6K
Volume
1
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

PRGS News & Events

Events Timeline

2025-06-30 (ET)
2025-06-30
16:20:50
Progress Software raises FY25 EPS view to $5.28-$5.40 from $5.25-$5.37
select
2025-06-30
16:20:33
Progress Software sees Q3 EPS $1.28-$1.34, consensus $1.30
select
2025-06-30
16:17:00
Progress Software reports Q2 EPS $1.40, consensus $1.30
select
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News

4.0
07-25NASDAQ.COM
Peek Under The Hood: SPSM Has 16% Upside
5.0
07-24NASDAQ.COM
Thursday 7/24 Insider Buying Report: SMPL, PRGS
5.0
07-10NASDAQ.COM
Insider Sale: Chief Financial Officer of $PRGS Sells 1,811 Shares
Sign Up For More News

FAQ

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What is Progress Software Corp (PRGS) stock price today?

The current price of PRGS is 50.815 USD — it has increased 1.69 % in the last trading day.

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