Progress Software Corporation
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $57
- Today's High:
- $58.185
- Open Price:
- $57.7
- 52W Low:
- $39.8385
- 52W High:
- $62.1611
- Prev. Close:
- $58.08
- Volume:
- 192488
Company Statistics
- Market Cap.:
- $2.52 billion
- Book Value:
- 9.66
- Revenue TTM:
- $650.82 million
- Operating Margin TTM:
- 20.92%
- Gross Profit TTM:
- $529.59 million
- Profit Margin:
- 12.49%
- Return on Assets TTM:
- 5.76%
- Return on Equity TTM:
- 20.55%
Company Profile
Progress Software Corporation had its IPO on 1991-07-30 under the ticker symbol PRGS.
The company operates in the Technology sector and Software-Application industry. Progress Software Corporation has a staff strength of 2,071 employees.
Stock update
Shares of Progress Software Corporation opened at $57.7 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $57 - $58.19, and closed at $58.09.
This is a +0.02% increase from the previous day's closing price.
A total volume of 192,488 shares were traded at the close of the day’s session.
In the last one week, shares of Progress Software Corporation have slipped by -4.58%.
Progress Software Corporation's Key Ratios
Progress Software Corporation has a market cap of $2.52 billion, indicating a price to book ratio of 6.0577 and a price to sales ratio of 3.7507.
In the last 12-months Progress Software Corporation’s revenue was $650.82 million with a gross profit of $529.59 million and an EBITDA of $221.82 million. The EBITDA ratio measures Progress Software Corporation's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Progress Software Corporation’s operating margin was 20.92% while its return on assets stood at 5.76% with a return of equity of 20.55%.
In Q1.6666666666667, Progress Software Corporation’s quarterly earnings growth was a negative -59.1% while revenue growth was a positive 19.8%.
Progress Software Corporation’s PE and PEG Ratio
- Forward PE
- 11.7786
- Trailing PE
- 31.3946
- PEG
- 5.8884
Its diluted EPS in the last 12-months stands at $1.85 per share while it has a forward price to earnings multiple of 11.7786 and a PEG multiple of 5.8884. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Progress Software Corporation’s profitability.
Progress Software Corporation stock is trading at a EV to sales ratio of 4.5151 and a EV to EBITDA ratio of 13.6476. Its price to sales ratio in the trailing 12-months stood at 3.7507.
Progress Software Corporation stock pays annual dividends of $0.7 per share, indicating a yield of 1.2% and a payout ratio of 16.02%.
Balance sheet and cash flow metrics
- Total Assets
- $1.60 billion
- Total Liabilities
- $323.49 million
- Operating Cash Flow
- $13.44 million
- Capital Expenditure
- $1.58 million
- Dividend Payout Ratio
- 16.02%
Progress Software Corporation ended 2024 with $1.60 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.60 billion while shareholder equity stood at $418.82 million.
Progress Software Corporation ended 2024 with $4.55 million in deferred long-term liabilities, $323.49 million in other current liabilities, 347537000.00 in common stock, $71.28 million in retained earnings and $825.94 million in goodwill. Its cash balance stood at $125.53 million and cash and short-term investments were $125.53 million. The company’s total short-term debt was $19,761,000 while long-term debt stood at $776.36 million.
Progress Software Corporation’s total current assets stands at $281.08 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $120.14 million compared to accounts payable of $76.13 million and inventory worth $0.
In 2024, Progress Software Corporation's operating cash flow was $13.44 million while its capital expenditure stood at $1.58 million.
Comparatively, Progress Software Corporation paid $0.16 in dividends in 2024.
Other key metrics
- Current Trading Price
- $58.09
- 52-Week High
- $62.1611
- 52-Week Low
- $39.8385
- Analyst Target Price
- $63.67
Progress Software Corporation stock is currently trading at $58.09 per share. It touched a 52-week high of $62.1611 and a 52-week low of $62.1611. Analysts tracking the stock have a 12-month average target price of $63.67.
Its 50-day moving average was $59.15 and 200-day moving average was $56.11 The short ratio stood at 8.78 indicating a short percent outstanding of 0%.
Around 169.1% of the company’s stock are held by insiders while 10785.8% are held by institutions.
Frequently Asked Questions About Progress Software Corporation
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About
Progress Software Corporation develops, deploys, and manages business applications. 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, a flexible 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; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom 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, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.