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Progress Software Corporation (PRGS)
51.63  0.2 (0.39%)    04-24 16:00
Open: 51.34
High: 51.77
Volume: 433,788
  
Pre. Close: 51.43
Low: 51.305
Market Cap: 2,231(M)
Technical analysis
2024-04-24 4:45:56 PM
Short term     
Mid term     
Targets 6-month :  62.95 1-year :  73.53
Resists First :  53.9 Second :  62.95
Pivot price 50.9
Supports First :  50.87 Second :  49
MAs MA(5) :  50.97 MA(20) :  51.3
MA(100) :  54.14 MA(250) :  55.5
MACD MACD :  -0.6 Signal :  -0.8
%K %D K(14,3) :  70.5 D(3) :  54.3
RSI RSI(14): 49.3
52-week High :  62.34 Low :  49
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ PRGS ] has closed below upper band by 12.3%. Bollinger Bands are 52.4% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 2 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 51.78 - 51.96 51.96 - 52.12
Low: 50.78 - 51.01 51.01 - 51.23
Close: 51.26 - 51.59 51.59 - 51.88
Company Description

Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company 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.

Headline News

Tue, 23 Apr 2024
Louisiana State Employees Retirement System Takes Position in Progress Software Co. (NASDAQ:PRGS) - MarketBeat

Mon, 22 Apr 2024
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175 - Simply Wall St

Mon, 22 Apr 2024
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175 - Yahoo Finance

Fri, 19 Apr 2024
Progress Software Corporation (PRGS) Issues Statement on a Possible Offer for MariaDB - StreetInsider.com

Mon, 15 Apr 2024
Director David Krall Sells 20,000 Shares of Progress Software Corp (PRGS) - Yahoo Finance

Fri, 29 Mar 2024
Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Software - Application
Shares Out 43 (M)
Shares Float 43 (M)
Held by Insiders 1.5 (%)
Held by Institutions 106.4 (%)
Shares Short 4,020 (K)
Shares Short P.Month 2,850 (K)
Stock Financials
EPS 1.54
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 10.56
Profit Margin 9.6 %
Operating Margin 21.1 %
Return on Assets (ttm) 4.9 %
Return on Equity (ttm) 15.8 %
Qtrly Rev. Growth 12.5 %
Gross Profit (p.s.) 0
Sales Per Share 16.54
EBITDA (p.s.) 5.45
Qtrly Earnings Growth -3.8 %
Operating Cash Flow 198 (M)
Levered Free Cash Flow 196 (M)
Stock Valuations
PE Ratio 33.3
PEG Ratio 5.3
Price to Book value 4.88
Price to Sales 3.12
Price to Cash Flow 11.28
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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