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Progress Software Corporation (PRGS)
$42.17-1.88 (-4.26%)
Market ClosedLast close Sep 8
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.
Historical Price
Price (Candle)
50-Day SMA
200-Day SMA
Whystock Brain
The Narrative
Progress Software Corporation in the Technology sector is trading at $42.17 with a market capitalization of $1.8B. Wall Street consensus targets $55.80 (5 analysts), implying a +32.3% move over the next 12 months. The stock is currently 11% below its 52-week high of $47.37, remaining 14.0% above its 200-day moving average. On fundamentals, Piotroski 7/9 indicates strong financial quality, Altman Z in the distress zone. The Whystock Score of 95/100 reflects bullish alignment across trend, valuation and analyst targets.
Ecosystem Influences
Sell-side targets imply +32.3% upside over 12 months
Long-term trend bullish (price vs 200-day SMA)
Macro-economic sensitivity to interest rate and inflation shifts
Quarterly Financials
| Metric (USD) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|
| Total Revenue | $253.47M↑ | $247.80M↓ | $252.67M↑ | $249.79M↑ | $237.35M |
| Gross Profit | $208.59M↑ | $203.94M↓ | $206.14M↑ | $202.26M↑ | $190.07M |
| Operating Income | $47.01M↓ | $49.34M↑ | $43.44M↓ | $46.25M↑ | $42.12M |
| Net Income | $21.07M↓ | $22.81M↓ | $25.75M↑ | $19.41M↑ | $17.03M |
Peer Comparison
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Fundamentals
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-ge...
Market Cap
Total dollar market value of a company's outstanding shares of stock (Price * Shares).
$1.79B
P/E Ratio
Priced for growth. Investors expect sustained double-digit expansion.
21.23
Beta
Defensive asset. Lower volatility than the S&P 500.
0.81
Div Yield
Low to zero yield. Return is entirely dependent on price appreciation.
0.00%
ROE
Elite ROE. Management converts capital into profit efficiently.
17.59%
Volume
Today's trading volume
405,484
Recent News
Progress Software (PRGS) AI Push Revives The Case For An Undervalued Stock
Progress Software (PRGS) has drawn fresh attention after launching new Progress Telerik and Kendo UI releases that embed context-aware AI into UI creation, debugging, document processing and legacy modernization for developer teams. Against that backdrop, Progress Software’s 30 day share price return of 11.41% and 90 day share price return of 41.49% suggest firm positive momentum. However, the 3 year total shareholder return of a 22.67% decline highlights how recent optimism follows a much...
What Is Progress Software (PRGS) Launching In Its New AI UI Release?
Progress Software (NasdaqGS: PRGS) announced a major AI powered release for its Telerik and Kendo UI product lines, focused on agent driven development for user interfaces. The update adds AI agents that can generate UI components, support smarter debugging, and interact directly with application documents to assist developers. New capabilities target automated accessibility compliance and more efficient modernization of legacy front ends for enterprise applications. This kind of AI powered...
Zacks Industry Outlook Oracle, ACI and Progress Software
have been highlighted in this Industry Outlook article.
PRGS or MSFT: Which Is the Better Value Stock Right Now?
PRGS vs. MSFT: Which Stock Is the Better Value Option?
Should Value Investors Buy Progress Software (PRGS) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.