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$43.72 $0.10 (0.2%)

04:00 PM EST on 03/08/21

Progress Software Corp Com (NASDAQ:PRGS)

CAPS Rating: No stars

Develops, markets and distributes application infrastructure software to simplify and accelerate the development, deployment, integration and management of business applications software.

Current Price $43.72 Mkt Cap $1.9B
Open $43.61 P/E Ratio 24.62
Prev. Close $43.72 Div. (Yield) $0.70 (1.6%)
Daily Range $42.97 - $44.06 Volume 236,339
52-Wk Range $28.09 - $49.23 Avg. Daily Vol. 360,446

Caps

How do you think NASDAQ:PRGS will perform against the market?

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All Players

44 Outperform
9 Underperform
 

All-Star Players

4 Outperform
2 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:PRGS Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

jjrrock (70.84)
Submitted November 18, 2006

Options behind them within a few weeks.The changes in reporting will change what they do with options and as a result the stock will move up as they wil stop giving all the profits to themselves in the form of stock options.

greenwave3 (< 20)
Submitted June 12, 2009

Profitability and revenue are growing way too slow to support this multiple.

Recent Community Commentary

Read the most recent pitches from players about PRGS.

Recs

0
Member Avatar mdriver78 (75.52) Submitted: 10/1/2020 3:08:16 PM : Outperform Start Price: $36.88 NASDAQ:PRGS Score: +5.00

Progress Software Corp. (PRGS) helps businesses create their own software applications.

We’re talking about things like developing software that allows customers to access data from anywhere (essentially a cloud-based offering)… software to help other customers with decision automation (another fancy term for artificial intelligence)… systems that keep industrial internet of things (IoT) devices online… and more.

Put as simply as possible, PRGS shows clients how to take advantage of all the new tech opportunities that have become available in the last few years.

And it’s proven itself very good at it.

PRGS serves more than 14,000 corporate customers — including major names like Citibank, AT&T, Coca-Cola and Toyota!

If PRGS has the expertise to help these big companies figure out how to implement tech opportunities, it's no wonder that smaller businesses are eager to sign up with PRGS, too.

And as PRGS reaches out to new customers, its earnings are expected to grow tremendously.

Over the past 12 months, PRGS has generated profits of $1.03 per share.

That's pretty impressive, considering that many of PRGS’ high-tech competitors have yet to even project profits in the foreseeable future.

But it gets even better!

Wall Street analysts are expecting PRGS to boost profits by 219% next year to $3.29 per share!

It’s the kind of profit growth that naturally catches investors’ attention.

Of course, it's also the kind of growth that can lead to a lucrative buyout offer!

Zeroing in on a Buyout for Progress Software

A big enterprise company like Microsoft (MSFT) or Oracle (ORCL) certainly has an incentive to buy out PRGS.

For one thing, it would let them market and sell their own products and services to PRGS’ existing customers.

At the same time, it could rebrand the services that PRGS offers and sell them to their own customers.

It's a perfect example of a synergistic marriage, where the combined company would be even stronger than the two companies operating on their own.

And since PRGS is currently valued at less than $2 billion, a buyout would be very affordable for any large company.

Based on that there ia picked up in activity in the options market, indicating that something exciting is happening behind the scenes at PRGS.

Recs

0
Member Avatar SCOTTRHUETTLCPA (42.64) Submitted: 9/26/2014 2:03:17 PM : Outperform Start Price: $22.29 NASDAQ:PRGS Score: +3.05

down to up

Recs

0
Member Avatar seekinggotham (< 20) Submitted: 7/31/2013 11:40:15 PM : Outperform Start Price: $21.25 NASDAQ:PRGS Score: -66.35

Starboard Value

Leaderboard

Find the members with the highest scoring picks in PRGS.

Score Leader

greenwave3

greenwave3 (< 20) Score: +107.19

The Score Leader is the player with the highest score across all their picks in PRGS.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
greenwave3 < 20 6/15/2009 Underperform 1Y $14.41 +203.31% +310.50% +107.19 2 Comments
WF2005 < 20 10/7/2011 Underperform 5Y $18.74 +133.25% +225.78% +92.53 1 Comment
PaxtorReborn 28.22 10/27/2009 Underperform 5Y $14.88 +193.78% +256.45% +62.67 0 Comment
TMFMELVINTUCKER < 20 4/24/2006 Underperform 3W $17.32 +152.46% +211.72% +59.26 0 Comment
GoldDontGlitter 95.57 12/7/2009 Underperform 5Y $15.29 +185.89% +244.17% +58.28 0 Comment
BuyTheDip 26.03 10/5/2009 Underperform 3W $13.85 +215.72% +270.96% +55.24 0 Comment
bigbearbertha 35.62 10/19/2009 Underperform 5Y $14.94 +192.56% +247.51% +54.95 0 Comment
HeatVision 68.00 12/12/2007 Underperform 3M $20.66 +111.59% +166.28% +54.69 0 Comment
spieldog05 63.35 9/18/2014 Outperform 5Y $21.63 +102.12% +89.57% +12.55 0 Comment
mdriver78 75.52 10/1/2020 Outperform 5Y $36.88 +18.54% +13.54% +5.00 1 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

There are no Wall Street tracker picks for PRGS.