PRGS - Progress Software Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
37.32
+0.55 (+1.50%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close 36.77
Open 36.98
Bid 14.84 x 1300
Ask 38.47 x 800
Day's Range 36.79 - 37.40
52 Week Range 30.23 - 49.75
Volume 300,707
Avg. Volume 405,281
Market Cap 1.685B
Beta (3Y Monthly) 0.89
PE Ratio (TTM) 27.04
EPS (TTM) 1.38
Earnings Date Sep 25, 2018 - Oct 1, 2018
Forward Dividend & Yield 0.62 (1.70%)
Ex-Dividend Date 2019-02-28
1y Target Est 39.00
Trade prices are not sourced from all markets
  • 3 Software Stocks to Buy for Big Changes And High Growth
    InvestorPlace 4 days ago

    3 Software Stocks to Buy for Big Changes And High Growth

    [Editor's note: This story was previously published in MONTH YEAR. It has since been updated and republished.]The search for software stocks to buy provides both opportunities and challenges. On the one hand, software develops and changes at a rapid pace, paving the way for ever-increasing chances to profit. However, rapid changes can make it a challenge to maintain market share. Moreover, between application, business, healthcare, internet and security software, there is a dizzying array of choices when it comes to software stocks.Existing software firms can stand out from the crowd by redefining themselves. As such, they can bring new technical abilities to the marketplace, reviving their companies and their respective stocks. With a little research, investors can find these software stocks before valuations move too high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese three software stocks should provide both the growth and the new technology needed to drive their stock prices higher for years to come. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Source: Shutterstock Progress Software Corporation (PRGS)Progress Software (NASDAQ:PRGS) provides software-based security solutions via the cloud. The company divides itself into three sections. OpenEdge, its original product from the early 1980's, is a programming language focused on developing multi-language business applications. The company also offers cloud-based applications through its Data Connectivity and Integration division. Finally, Application Development and Deployment creates and deploys specialized apps for its clients.Despite its long history, the company may now be seeing its highest stock price growth ever. PRGS stock maintained a steady growth path following the 2008 financial crisis. And then, in 2017, the stock price almost doubled. After hitting a high of around $43 last fall, PRGS hit a low near $30 during the market downturn and has since rebounded back to the $37 per share level.The forward price-earnings ratio for the stock now stands at just 14.5, although the company's earnings per share are expected to be little changed this year.But as the cloud industry begins an inevitable consolidation, PRGS stock could become a buyout target. Its $1.66 billion market cap makes it a size any larger firm could easily absorb. With the importance of cloud-related security and low valuations, PRGS stock could stand out among software stocks to buy. Source: Larry D. Moore via Wikimedia (Modified) National Instruments Corporation (NATI)Some software stocks revolve around research. Such is the case with National Instruments (NASDAQ:NATI). National Instruments designs and sells software to engineers and scientists. Their software covers a variety of research-related applications, such as data mining and data analysis. Some National Instruments software can perform tests within a manufacturing environment and configure other applications for real-time experiments. These simulations allow engineers and scientists to test ideas before bearing the high costs of manufacturing or building real-world models.The company has existed since 1976. However, this decade for the company has really hit its stride. The company's EPS nearly tripled last year,and it's expected to jump another 24% this year. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? This growth has begun to appear in its stock. NATI stock traded under $30 per share less than three years ago. Today, it sells at about $45.50 per share, down from a record of high of $53.57 per share back in March 2018. As for its valuation, its forward P/E is now 32. While that might appear high, its five-year estimated PEG ratio is only 0.66. Also, despite its growth and long existence, NATI's market cap stands at about $6 billion. Although it may have taken decades to come into its own, NATI stock presents a compelling value proposition to customers and investors alike. Source: Shutterstock Symantec Corporation (SYMC)Symantec (NASDAQ:SYMC) has long served as the provider of Norton AntiVirus software. This stood out among software stocks to buy during the 90s tech boom as it became a leading security platform during the PC era. As of late, SMYC has seen slower growth due to slower PC sales.However, the company focuses on more than just PCs. Symantec also provides security for both network and cloud applications. Additionally, its acquisition of LifeLock offers protection in the financial realm as well.Analysts expect these new areas of focus to bolster the stock. SYMC stock saw net income growth fall by an average of 6.9% per year over the last five years, and its EPS is expected to drop by about the same amount this year. But in 2020, its EPS is expected to rebound 14%.SYMC stock also trades at a discount. After reaching as high as $34.20 per share last September, the stock trades at around $23 per share today.This could have also created a chance to buy SYMC at a lower price. Its current forward P/E stands at just over 13. Also, keep in mind that income growth will probably return to the double-digits starting next year.PC-focused companies such as Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) have found prosperity after the decline of their one-time core product. I believe the same thing is happening to Symantec. With the low P/E and the prospects for growth, now could be an opportune time to buy it.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 U.S. Stocks That Are Coming to Life Again * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 5 Tips to Become a Better Stock Trader Compare Brokers The post 3 Software Stocks to Buy for Big Changes And High Growth appeared first on InvestorPlace.

  • Business Wire 6 days ago

    New Progress Survey Reveals Key Data Connectivity Blockers as Organizations Migrate to the Cloud

    Fifth annual survey identifies data integration as the #1 challenge amongst businesses looking to achieve a unified view of business-critical data

  • What Investors Should Know About Progress Software Corporation’s (NASDAQ:PRGS) Financial Strength
    Simply Wall St. 7 days ago

    What Investors Should Know About Progress Software Corporation’s (NASDAQ:PRGS) Financial Strength

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! While small-cap stocks, such as Progress SoftwareRead More...

  • Markit 10 days ago

    See what the IHS Markit Score report has to say about Progress Software Corp.

    Progress Software Corp NASDAQ/NGS:PRGSView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PRGS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PRGS. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PRGS totaled $1.76 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Business Wire 20 days ago

    Progress Named a Winner of G2 Crowd’s 2019 Best Software Awards

    Progress (PRGS), the leading provider of application development and digital experience technologies, today announced it has been named a 2019 winner of G2 Crowd’s annual Best Software Awards. The Best Software Awards provide a definitive ranking of the best software products worldwide, as rated by users. Progress has been given the distinct honor of having two of its technologies included in the 2019 top 100 ranking.

  • GuruFocus.com 21 days ago

    Progress Software Corp (PRGS) Files 10-K for the Fiscal Year Ended on November 30, 2018

    Progress Software Corp is involved in application development, empowering enterprises to build mission critical business applications. The dividend yield of Progress Software Corp stocks is 1.60%. Progress Software Corp had annual average EBITDA growth of 3.80% over the past five years.

  • GlobeNewswire 21 days ago

    New Research: Key Drivers of Growth for Real Goods Solar, Standard Motor Products, Progress Software, Avon Products, Natus Medical, and Kadmon — Factors of Influence, Major Initiatives and Sustained Production

    NEW YORK, Jan. 28, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Business Wire 26 days ago

    Progress Becomes the Only Vendor to Natively Support Vue, React and Angular with Latest Release of Kendo UI

    Progress Kendo UI, the leading tooling for building modern Web UI, delivers new components and extended support for the most popular JavaScript frameworks

  • Business Wire 26 days ago

    Progress Announces Telerik UI for Blazor, the First-to-Market Set of Native UI Components for Microsoft Blazor

    Delivers major new components across the industry-leading Telerik portfolio, including UI components for Microsoft Blazor, extended support for Visual Studio 2019 Preview and .NET

  • Progress Software Corporation (NASDAQ:PRGS) Earns Among The Best Returns In Its Industry
    Simply Wall St. last month

    Progress Software Corporation (NASDAQ:PRGS) Earns Among The Best Returns In Its Industry

    Today we are going to look at Progress Software Corporation (NASDAQ:PRGS) to see whether it might be an attractive investment prospect. To be precise, we'll consider its Return On Capital Read More...

  • TheStreet.com last month

    Progress Software's Shares Dive on Forecast of Weaker Revenue

    The Bedford, Mass.-based business software maker saw its stock price fall more than 7.36% by 11:17 a.m., to $33.50. Progress said it expects revenue in the $85 million to $88 million range for the fiscal quarter ending in February. Progress, which focuses on application development and digital experience technologies, reported a 4% drop in fourth-quarter revenue, to $111.4 million, down from $116.1 million for the same period the year before.

  • Progress Software (PRGS) Q4 2018 Earnings Conference Call Transcript
    Motley Fool last month

    Progress Software (PRGS) Q4 2018 Earnings Conference Call Transcript

    PRGS earnings call for the period ending November 30, 2018.

  • Progress Software (PRGS) Beats Q4 Earnings and Revenue Estimates
    Zacks last month

    Progress Software (PRGS) Beats Q4 Earnings and Revenue Estimates

    Progress Software (PRGS) delivered earnings and revenue surprises of 2.70% and 2.48%, respectively, for the quarter ended November 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press last month

    Progress Software: Fiscal 4Q Earnings Snapshot

    The Bedford, Massachusetts-based company said it had profit of 41 cents per share. Earnings, adjusted for one-time gains and costs, came to 76 cents per share. The business software maker posted revenue ...

  • Business Wire last month

    Progress Reports 2018 Fiscal Fourth Quarter and Year End Results

    Exceeds Guidance for Revenue

  • Business Wire last month

    Progress Announces DataDirect Autonomous REST Connector, A Powerful Solution for Building Connectors for Any Application in Minutes – No Coding Required

    New intelligent, customizable data connectivity solution instantly connects API data to business intelligence and analytics platforms

  • Business Wire last month

    Progress Software Announces Details for Fiscal Fourth Quarter and 2018 Earnings Release and Conference Call

    Progress , the leading provider of application development and digital experience technologies, today announced that it will release financial results for its fiscal fourth quarter and fiscal 2018 on Thursday, January 17, 2019.

  • Estimating The Fair Value Of Progress Software Corporation (NASDAQ:PRGS)
    Simply Wall St. 2 months ago

    Estimating The Fair Value Of Progress Software Corporation (NASDAQ:PRGS)

    Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Progress Software Corporation (NASDAQ:PRGS) as an investment opportunity by taking the Read More...

  • Business Wire 2 months ago

    NativeScript-Powered Portable North Pole App Exceeds a Quarter Million Unique Sessions Per Day Leading into Final Week of Holiday Season

    Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that UGroupMedia, Inc. The Portable North Pole app enables users to create free magical personalized video messages from Santa Claus for loved ones, both big and small. It is available in four languages (English, French, Italian and Spanish) and offers more personalized capabilities, requiring a larger development effort, that was taxing on UGroupMedia’s existing resources.

  • Should You Avoid Progress Software Corporation (PRGS)?
    Insider Monkey 2 months ago

    Should You Avoid Progress Software Corporation (PRGS)?

    The market has been volatile as the Federal Reserve continues its rate hikes to normalize the interest rates. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points through November 16th. SEC filings and hedge fund […]

  • GlobeNewswire 2 months ago

    Recent Analysis Shows Microsoft, Alnylam Pharmaceuticals, F5 Networks, Green Plains Partners LP, Itron, and Progress Software Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.