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Progress Software Corporation (PRGS)

Technology | Software - Infrastructure | Burlington, United States | NasdaqGS
39.41 USD +0.42 (1.077%) ⇧ (Oct. 13, 2026, 4 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6:36 a.m. EDT

The narrative here is defined by the pending $400 million acquisition of Domo's assets, which has transformed Progress Software from a struggling legacy player into a potential growth engine overnight. While the company's recent price action shows weakness—trading below its 50-day moving average and suffering a sharp 31.5% drop last year—the market appears to be pricing in a complete turnaround rather than a continuation of the decline. The forward P/E of roughly 5.5x implies extreme skepticism about current earnings, yet the analyst consensus is a 'strong buy' with a target price nearly double the current level, reflecting the belief that the Domo deal will unlock substantial value. The options market confirms this asymmetric view: traders are buying cheap lottery tickets at strikes 60 and 75, anticipating a surge that current fundamentals cannot yet support. For the long term, the business quality is questionable given the lack of revenue growth and high debt load, but the strategic pivot via M&A offers a compelling case for a re-rating. The short-term outlook is bullish due to the anticipation of deal closure and the resulting stock price revaluation, making this a speculative play on execution rather than a traditional value investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.074451
AutoETS0.135866
AutoARIMA0.135869
MSTL0.151497

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 41%
H-stat 0.61
Ljung-Box p 0.000
Jarque-Bera p 0.049
Excess Kurtosis -0.67
Attribute Value
Sector Technology
Ex Dividend Date 2024-08-29
Last Dividend Date 2024-08-29
Debt to Equity Ratio 238.695
Revenue per Share 23.836
Market Cap 1,610,851,840
Trailing P/E 18.16
Forward P/E 5.49
Beta 0.89
Profit Margins 9.24%
Website https://www.progress.com

As of Oct. 10, 2026, 6:36 a.m. EDT: Speculators are positioning for significant volatility and a potential gap-up, evidenced by massive open interest in deep out-of-the-money calls (strikes 60 and 75) relative to volume, suggesting a bet on a major catalyst like the Domo acquisition closing. Conversely, put writers are heavily active at strikes 25 and 32.5 for later expirations, creating a floor for downside while the ATM skew remains relatively balanced.


Dividend Data

Dividend History
Date Dividend Yield %
2024-08-30 0.175 0.300946
2024-06-03 0.175 0.348467
2024-02-29 0.175 0.327961
2023-11-30 0.175 0.324916
2023-08-31 0.175 0.287640
2023-05-31 0.175 0.291667
2023-02-28 0.175 0.304666
2022-11-30 0.175 0.328207
2022-08-31 0.175 0.363599
2022-05-31 0.175 0.362244
2022-02-28 0.175 0.397005
2021-11-30 0.175 0.361197
2021-08-31 0.175 0.375859
2021-05-28 0.175 0.392641
2021-02-26 0.175 0.411378
2020-11-30 0.175 0.436409
2020-08-31 0.165 0.435471
2020-05-29 0.165 0.408416
2020-02-28 0.165 0.442478
2019-11-29 0.165 0.392764
2019-08-29 0.155 0.409403
2019-05-31 0.155 0.378418
2019-02-28 0.155 0.421425
2018-11-30 0.155 0.440842
2018-08-30 0.140 0.346106
2018-05-31 0.140 0.369588
2018-02-28 0.140 0.298699
2017-11-30 0.140 0.338655
2017-08-30 0.125 0.377872
2017-05-30 0.125 0.425460
2017-02-27 0.125 0.429258
2016-11-29 0.125 0.418620
Additional Data
dividendYield 0.0
exDividendDate 2024-08-30
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.175
lastDividendDate 2024-08-30
dividendDate 2024-09-16

Info Dump

Attribute Value
52 Week Change -0.14887577
Address1 15 Wayside Road
Address2 Suite 400
All Time High 70.56
All Time Low 2.694444
Ask 49.99
Ask Size 2
Audit Risk 4
Average Analyst Rating 1.4 - Strong Buy
Average Daily Volume10 Day 849,200
Average Daily Volume3 Month 557,655
Average Volume 557,655
Average Volume10Days 849,200
Beta 0.886
Bid 28.71
Bid Size 2
Board Risk 2
Book Value 12.941
City Burlington
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 4
Country United States
Crypto Tradeable 0
Currency USD
Current Price 39.41
Current Ratio 0.796
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 40.095
Day Low 38.61
Debt To Equity 238.695
Display Name Progress Software
Dividend Date 1,726,444,800
Dividend Yield 0.0
Earnings Call Timestamp End 1,790,802,000
Earnings Call Timestamp Start 1,790,802,000
Earnings Growth 0.25
Earnings Quarterly Growth 0.173
Earnings Timestamp 1,790,798,400
Earnings Timestamp End 1,790,798,400
Earnings Timestamp Start 1,790,798,400
Ebitda 338,895,008
Ebitda Margins 0.33892
Enterprise To Ebitda 8.151
Enterprise To Revenue 2.762
Enterprise Value 2,762,231,808
Eps Current Year 6.19754
Eps Forward 7.17732
Eps Trailing Twelve Months 2.17
Esg Populated 0
Ex Dividend Date 1,724,976,000
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 41.7016
Fifty Day Average Change -2.2915993
Fifty Day Average Change Percent -0.054952312
Fifty Two Week Change Percent -14.887577
Fifty Two Week High 47.25
Fifty Two Week High Change -7.84
Fifty Two Week High Change Percent -0.16592593
Fifty Two Week Low 23.82
Fifty Two Week Low Change 15.59
Fifty Two Week Low Change Percent 0.654492
Fifty Two Week Range 23.82 - 47.25
Financial Currency USD
First Trade Date Milliseconds 680,880,600,000
Five Year Avg Dividend Yield 1.06
Float Shares 40,167,068
Forward Eps 7.17732
Forward P E 5.4909077
Free Cashflow 320,520,000
Full Exchange Name NasdaqGS
Full Time Employees 2,801
Fullday Change 0.41999817
Fullday Change Percent 1.0771946
Fullday Price 39.41
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.85837
Gross Profits 858,315,008
Has Pre Post Market Data 1
Held Percent Insiders 0.02335
Held Percent Institutions 1.1598101
Implied Shares Outstanding 40,874,192
Industry Software - Infrastructure
Industry Disp Software - Infrastructure
Industry Key software-infrastructure
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,724,976,000
Last Dividend Value 0.175
Last Fiscal Year End 1,764,460,800
Last Split Date 1,296,432,000
Last Split Factor 3:2
Long Business Summary 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.
Long Name Progress Software Corporation
Market us_market
Market Cap 1,610,851,840
Market State PRE
Max Age 86,400
Message Board Id finmb_33351
Most Recent Quarter 1,788,134,400
Net Income To Common 92,407,000
Next Fiscal Year End 1,795,996,800
Non Diluted Market Cap 1,665,945,704
Number Of Analyst Opinions 5
Open 39.16
Operating Cashflow 328,272,000
Operating Margins 0.21982999
Overall Risk 4
Payout Ratio 0.0
Peg Ratio 1.12
Phone 781 280 4000
Previous Close 38.99
Price Eps Current Year 6.358975
Price Hint 2
Price To Book 3.0453596
Price To Sales Trailing12 Months 1.6109565
Profit Margins 0.09241
Quick Ratio 0.682
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.4
Region US
Regular Market Change 0.419998
Regular Market Change Percent 1.07719
Regular Market Day High 40.095
Regular Market Day Low 38.61
Regular Market Day Range 38.61 - 40.095
Regular Market Open 39.16
Regular Market Previous Close 38.99
Regular Market Price 39.41
Regular Market Time 1,791,921,600
Regular Market Volume 541,838
Return On Assets 0.05129
Return On Equity 0.18340999
Revenue Growth -0.015
Revenue Per Share 23.836
Sand P52 Week Change 0.17502642
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 6
Shares Outstanding 40,874,192
Shares Percent Shares Out 0.115100004
Shares Short 4,706,453
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 4,566,855
Short Name Progress Software Corporation
Short Percent Of Float 0.16870001
Short Ratio 8.21
Source Interval 15
State MA
Symbol PRGS
Target High Price 83.0
Target Low Price 40.0
Target Mean Price 56.2
Target Median Price 53.0
Total Cash 113,653,000
Total Cash Per Share 2.781
Total Debt 1,265,032,960
Total Revenue 999,934,976
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 2.17
Trailing P E 18.16129
Trailing Peg Ratio 1.2936
Triggerable 1
Two Hundred Day Average 36.63535
Two Hundred Day Average Change 2.7746506
Two Hundred Day Average Change Percent 0.07573698
Type Disp Equity
Volume 541,838
Website https://www.progress.com
Zip 1,803