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Progress Software Corporation (PRGS)
57.62  1.4 (2.49%)    09-10 16:00
Open: 56.54
High: 57.71
Volume: 317,818
  
Pre. Close: 56.22
Low: 56.29
Market Cap: 2,465(M)
Technical analysis
2024-09-10 4:50:41 PM
Short term     
Mid term     
Targets 6-month :  68.73 1-year :  80.28
Resists First :  58.84 Second :  68.73
Pivot price 57.58
Supports First :  56.27 Second :  54.68
MAs MA(5) :  57.47 MA(20) :  57.31
MA(100) :  53.55 MA(250) :  53.74
MACD MACD :  0.3 Signal :  0.5
%K %D K(14,3) :  48.3 D(3) :  51.5
RSI RSI(14): 54.1
52-week High :  60.33 Low :  48
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ PRGS ] has closed below upper band by 48.4%. Bollinger Bands are 39.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 57.74 - 58.09 58.09 - 58.42
Low: 55.47 - 55.88 55.88 - 56.27
Close: 56.99 - 57.6 57.6 - 58.18
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, 10 Sep 2024
First Week of March 2025 Options Trading For Progress Software (PRGS) - Nasdaq

Tue, 10 Sep 2024
Wedbush Reiterates Outperform Rating for Progress Software (NASDAQ:PRGS) - MarketBeat

Tue, 10 Sep 2024
Decoding 7 Analyst Evaluations For Progress Software - Benzinga

Tue, 10 Sep 2024
Progress Software Is Investing In Its Long-Term Position In AI (NASDAQ:PRGS) - Seeking Alpha

Mon, 09 Sep 2024
Progress Software Acquires ShareFile In $875 Million Deal - Finimize

Mon, 09 Sep 2024
Progress Software to Report Third Quarter 2024 Financial Results on September 24, 2024 - GlobeNewswire

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.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
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.
Neutral
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.
Underperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Technology
Industry:
Software - Application
Shares Out 43 (M)
Shares Float 42 (M)
Held by Insiders 1.4 (%)
Held by Institutions 113 (%)
Shares Short 4,520 (K)
Shares Short P.Month 4,370 (K)
Stock Financials
EPS 1.62
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.32
Profit Margin 10.2 %
Operating Margin 17.9 %
Return on Assets (ttm) 5 %
Return on Equity (ttm) 17.8 %
Qtrly Rev. Growth -1.8 %
Gross Profit (p.s.) 0
Sales Per Share 16.63
EBITDA (p.s.) 5.52
Qtrly Earnings Growth 37 %
Operating Cash Flow 213 (M)
Levered Free Cash Flow 209 (M)
Stock Valuations
PE Ratio 35.34
PEG Ratio 6.1
Price to Book value 6.17
Price to Sales 3.46
Price to Cash Flow 11.55
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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