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PRGS

Progress Software Corporation

PRGS

NASDAQ·Technology·Software - Application·Mkt cap $1.6B

$38.42

-1.89%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$23.82 - $54.81

P/E

18.65

Fwd P/E

6.42

Beta

0.83

Div Yield

0.00%

Avg Vol

898.4K

Shares Out

42.1M

Mkt Cap

$1.6B

Price action

Price chart

Down 27.4% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Comprehensive platform spanning development, deployment, and management across multi-cloud environments
  • 40+ year legacy with deep enterprise customer relationships and established market presence
  • Integrated ecosystem reducing vendor fragmentation and simplifying customer operations
  • Strong developer community and extensive partner network of ISVs and system integrators

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Increasing enterprise adoption of cloud and hybrid infrastructure automation

Value

Deep value opportunity - significant discount to Enterprise SaaS peers

Momentum

Hot

+52.0% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Sep 29, 2026

Q2 26 RECAP

JUN 30, 2026

Reported EPS of $1.62 vs $1.45 consensus (+11.7% surprise). Revenue of $237.4M vs $242.7M expected (-2.2%).

EPS beat +11.7%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+11.7%

Next: Sep 29, 2026

Revenue trend · last 8Q

+21%

+29%

+36%

+40%

+18%

+4%

+7%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$178.7M

$215.0M

$238.0M

$237.4M

$249.8M

$252.7M

$247.8M

$253.5M

Margins · last 8Q

Gross

92.4%

Operating

17.8%

Profit

8.3%

Wall Street consensus

5 analysts · 80% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

80%

Hold

1

20%

Sell

0%

Median Price Target

Latest: Citi · Apr 1, 2026

vs Industry

How PRGS stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.