Progress Software Corporation (PRGS)

Currency in USD
37.21
+0.01(+0.03%)
Closed·
37.71+0.50(+1.35%)
·
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Fair Value
Day's Range
36.5637.59
52 wk Range
23.8247.25
Key Statistics
Prev. Close
37.21
Open
37.48
Day's Range
36.56-37.59
52 wk Range
23.82-47.25
Volume
694.65K
Average Volume (3m)
554.98K
1-Year Change
-19.003%
Book Value / Share
12.92
Fair Value
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Fair Value Upside
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PRGS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
56.20
Upside
+51.03%
Members' Sentiments
Bearish
Bullish
ProTips
Management has been aggressively buying back shares
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Technical Analysis

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

Analyst Ratings

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

Analysts 12-Month Price Target:

Average 56.20
(+51.03% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Yorkville Ives
Buy48.00+29.00%-New CoverageOct 07, 2026
DA Davidson
Buy55.00+47.81%55.00MaintainOct 02, 2026
DA Davidson
Buy55.00+47.81%55.00MaintainAug 18, 2026
DA Davidson
Buy55.00+47.81%45.00MaintainAug 12, 2026
DA Davidson
Buy45.00+20.94%40.00MaintainJul 23, 2026

Progress Software Corporation Earnings Call Summary for Q3/2026

  • Progress Software Q3 FY2026 EPS of $1.69 beat estimates by 11%, while revenue of $246M slightly missed; shares fell 2.18% after hours to $39.10.
  • Operating margin expanded 300bps to 43% YoY; adjusted free cash flow surged 44% YTD to $265M driven by improved collections and cost discipline.
  • Company raised FY2026 guidance to $1.044B-$1.052B revenue and $6.15-$6.23 EPS following Domo acquisition closure during the quarter.
  • Domo expected to stabilize at $280M-$290M revenue, below current $300M run rate; integration to pressure FY2027 margins to 36-37% before synergy realization.
  • CEO Gupta emphasized AI strategy focused on data 'context and control,' projecting Domo to add over $100M annual EBITDA post-integration by end of FY2027.
Last Updated: 10/01/2026, 06:04 AM
Read Full Transcript

Earnings

Latest Release
Sep 30, 2026
EPS / Forecast
1.69 / 1.52
Revenue / Forecast
246.01M / 246.72M
EPS Revisions
Last 90 days

PRGS Income Statement

Compare PRGS to Peers and Sector

Metrics to compare
PRGS
Peers
Sector
Relationship
P/E Ratio
16.5x23.6x12.0x
PEG Ratio
0.171.530.01
Price/Book
2.9x5.7x2.4x
Price / LTM Sales
1.5x4.7x2.3x
Upside (Analyst Target)
51.0%13.3%31.4%
Fair Value Upside
Unlock21.0%5.2%Unlock

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

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
23.65M57.87%880.26M
Other Institutional Investors
23.36M42.13%869.42M
Public Companies & Retail Investors
0.000.00%0.00
Total
47.02M100.00%1.75B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.18.52%7,570,529281,737
Vanguard Portfolio Management, LLC9.41%3,846,694143,155

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FAQ

What Is the Progress (PRGS) Stock Price Today?

The Progress stock price today is 37.21 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 Market Cap?

As of today, Progress market cap is 1.52B USD.

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

The Progress EPS (TTM) is 2.18.

When Is the Next Progress Earnings Date?

Progress will release its next earnings report on Jan 19, 2027.

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 Strong 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 Oct 08, 2026, Progress (PRGS) is trading at a price of 37.21 USD, with a previous close of 37.21 USD. The stock has fluctuated within a day range of 36.56 USD to 37.59 USD, while its 52-week range spans from 23.82 USD to 47.25 USD.

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

The average 12-month price target for Progress is 56.20 USD, with a high estimate of 83 USD and a low estimate of 40 USD. 4 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Strong Buy. The stock has an +51.03% Upside potential.

What Is the PRGS Premarket Price?

PRGS's last pre-market stock price is 37.71 USD. The pre-market share volume is 146.00, and the stock has decreased by 0.50, or 1.35%.
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