Progress Software Corporation (PRGS)Technology | Software - Infrastructure | Burlington, United States | NasdaqGS
38.23 USD
+0.37
(0.977%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 37.22 -1.01 (-1.014%) ⇩ (July 13, 2026, 6:57 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 3:03 a.m. EDT
Progress Software presents a classic value trap scenario where strong fundamentals clash with a deteriorating price trajectory. The business is objectively healthy, boasting robust free cash flow, an 18.5% return on equity, and a forward P/E of just 6x that implies significant earnings growth. However, the market has punished the stock relentlessly, with the last two years showing consecutive declines and the broader trajectory capped by a multi-year downtrend. This disconnect creates a compelling long-term case for a turnaround trade, yet the short-term outlook remains murky due to heavy put writing by speculators who are betting against a bounce. The lack of a dividend further limits its appeal as a defensive hold. While the valuation is attractive relative to earnings power, the persistent price weakness suggests the market sees risks—perhaps in customer concentration or competitive moats—that outweigh the cheapness of the balance sheet. Investors should view this as a high-conviction long-term buy only if they can stomach the volatility, rather than a quick trade. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.100240 |
| AutoETS | 0.100240 |
| MSTL | 0.112202 |
| AutoTheta | 0.116009 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 33% |
| H-stat | 11.77 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.013 |
| Excess Kurtosis | 1.25 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Ex Dividend Date | 2024-08-29 |
| Last Dividend Date | 2024-08-29 |
| Debt to Equity Ratio | 262.162 |
| Revenue per Share | 23.654 |
| Market Cap | 1,567,924,864 |
| Trailing P/E | 18.56 |
| Forward P/E | 6.13 |
| Beta | 0.82 |
| Profit Margins | 8.87% |
| Website | https://www.progress.com |
As of July 11, 2026, 3:03 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (especially the $32.5 strike) compared to calls. This creates a 'put wall' suggesting a fear of a significant drop below current levels. Conversely, there is notable long call positioning at distant strikes ($60-$75) for later expirations, indicating a speculative belief in a potential multi-year recovery or gap-up event, though immediate near-term sentiment is distinctly bearish.
| 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 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.22418034 |
| Address1 | 15 Wayside Road |
| Address2 | Suite 400 |
| All Time High | 70.56 |
| All Time Low | 2.694444 |
| Ask | 47.89 |
| Ask Size | 2 |
| Audit Risk | 4 |
| Average Analyst Rating | 1.3 - Strong Buy |
| Average Daily Volume10 Day | 1,359,160 |
| Average Daily Volume3 Month | 833,631 |
| Average Volume | 833,631 |
| Average Volume10Days | 1,359,160 |
| Beta | 0.823 |
| Bid | 27.66 |
| Bid Size | 2 |
| Board Risk | 2 |
| Book Value | 11.855 |
| City | Burlington |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 4 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 38.23 |
| Current Ratio | 0.809 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 39.1 |
| Day Low | 37.28 |
| Debt To Equity | 262.162 |
| Display Name | Progress Software |
| Dividend Date | 1,726,444,800 |
| Earnings Call Timestamp End | 1,782,853,200 |
| Earnings Call Timestamp Start | 1,782,853,200 |
| Earnings Growth | 0.282 |
| Earnings Quarterly Growth | 0.237 |
| Earnings Timestamp | 1,782,849,600 |
| Earnings Timestamp End | 1,790,625,600 |
| Earnings Timestamp Start | 1,790,625,600 |
| Ebitda | 333,747,008 |
| Ebitda Margins | 0.33251 |
| Enterprise To Ebitda | 8.365 |
| Enterprise To Revenue | 2.781 |
| Enterprise Value | 2,791,704,832 |
| Eps Current Year | 6.13122 |
| Eps Forward | 6.23963 |
| Eps Trailing Twelve Months | 2.06 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,724,976,000 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 31.3084 |
| Fifty Day Average Change | 6.9216003 |
| Fifty Day Average Change Percent | 0.22107807 |
| Fifty Two Week Change Percent | -22.418034 |
| Fifty Two Week High | 51.28 |
| Fifty Two Week High Change | -13.049999 |
| Fifty Two Week High Change Percent | -0.25448516 |
| Fifty Two Week Low | 23.82 |
| Fifty Two Week Low Change | 14.41 |
| Fifty Two Week Low Change Percent | 0.6049538 |
| Fifty Two Week Range | 23.82 - 51.28 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 680,880,600,000 |
| Five Year Avg Dividend Yield | 1.27 |
| Float Shares | 40,311,211 |
| Forward Eps | 6.23963 |
| Forward P E | 6.1269655 |
| Free Cashflow | 307,682,624 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 2,801 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.8557 |
| Gross Profits | 858,883,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.022920001 |
| Held Percent Institutions | 1.11459 |
| Implied Shares Outstanding | 41,012,942 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Is Earnings Date Estimate | 1 |
| 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 | 1,567,924,864 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_33351 |
| Most Recent Quarter | 1,780,185,600 |
| Net Income To Common | 89,044,000 |
| Next Fiscal Year End | 1,795,996,800 |
| Non Diluted Market Cap | 1,552,339,854 |
| Number Of Analyst Opinions | 6 |
| Open | 38.23 |
| Operating Cashflow | 313,707,008 |
| Operating Margins | 0.18547001 |
| Overall Risk | 4 |
| Payout Ratio | 0.0 |
| Peg Ratio | 1.27 |
| Phone | 781 280 4000 |
| Post Market Change | -1.0139999 |
| Post Market Change Percent | -2.652367 |
| Post Market Price | 37.216 |
| Post Market Time | 1,783,983,431 |
| Previous Close | 37.86 |
| Price Eps Current Year | 6.2353005 |
| Price Hint | 2 |
| Price To Book | 3.2247996 |
| Price To Sales Trailing12 Months | 1.562106 |
| Profit Margins | 0.08871 |
| Quick Ratio | 0.672 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.33333 |
| Region | US |
| Regular Market Change | 0.369999 |
| Regular Market Change Percent | 0.977282 |
| Regular Market Day High | 39.1 |
| Regular Market Day Low | 37.28 |
| Regular Market Day Range | 37.28 - 39.1 |
| Regular Market Open | 38.23 |
| Regular Market Previous Close | 37.86 |
| Regular Market Price | 38.23 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 638,187 |
| Return On Assets | 0.048860002 |
| Return On Equity | 0.18574 |
| Revenue Growth | 0.068 |
| Revenue Per Share | 23.654 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 41,012,942 |
| Shares Percent Shares Out | 0.108 |
| Shares Short | 4,429,539 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 4,215,072 |
| Short Name | Progress Software Corporation |
| Short Percent Of Float | 0.158 |
| Short Ratio | 5.13 |
| Source Interval | 15 |
| State | MA |
| Symbol | PRGS |
| Target High Price | 83.0 |
| Target Low Price | 40.0 |
| Target Mean Price | 50.66667 |
| Target Median Price | 45.5 |
| Total Cash | 102,978,000 |
| Total Cash Per Share | 2.511 |
| Total Debt | 1,326,758,016 |
| Total Revenue | 1,003,724,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.06 |
| Trailing P E | 18.558252 |
| Trailing Peg Ratio | 1.268 |
| Triggerable | 1 |
| Two Hundred Day Average | 37.38615 |
| Two Hundred Day Average Change | 0.8438492 |
| Two Hundred Day Average Change Percent | 0.02257117 |
| Type Disp | Equity |
| Volume | 638,187 |
| Website | https://www.progress.com |
| Zip | 1,803 |