
Current Price | $59.43 | Mkt Cap | $2.6B |
---|---|---|---|
Open | $59.69 | P/E Ratio | 26.96 |
Prev. Close | $60.00 | Div. (Yield) | $0.88 (1.5%) |
Daily Range | $58.59 - $59.72 | Volume | 155,196 |
52-Wk Range | $40.33 - $61.45 | Avg. Daily Vol. | 329,640 |
Develops, markets and distributes application infrastructure software to simplify and accelerate the development, deployment, integration and management of business applications software.
Current Price | $59.43 | Mkt Cap | $2.6B |
---|---|---|---|
Open | $59.69 | P/E Ratio | 26.96 |
Prev. Close | $60.00 | Div. (Yield) | $0.88 (1.5%) |
Daily Range | $58.59 - $59.72 | Volume | 155,196 |
52-Wk Range | $40.33 - $61.45 | Avg. Daily Vol. | 329,640 |
The best Bull and Bear pitches based on recency and number of recommendations.
Adding after a strong quarterly report and price has dropped over the past month to low 40s
Profitability and revenue are growing way too slow to support this multiple.
Read the most recent pitches from players about PRGS.
Recs
POWR A
Recs
Adding after a strong quarterly report and price has dropped over the past month to low 40s
Recs
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.
Find the members with the highest scoring picks in PRGS.
SCOTTRHUETTLCPA (< 20) Score: +82.14
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 |
---|---|---|---|---|---|---|---|---|---|---|
spieldog05 | 69.11 | 9/18/2014 |
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5Y | $21.16 | +180.40% | +109.18% | +71.21 | 0 Comment | |
SCOTTRHUETTLCPA | < 20 | 9/26/2014 |
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5Y | $21.80 | +172.16% | +113.11% | +59.05 | 1 Comment | |
WildLeha | < 20 | 8/21/2006 |
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3Y | $14.91 | +297.90% | +245.25% | +52.66 | 0 Comment | |
QualityMaven | 44.42 | 10/16/2006 |
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5Y | $15.82 | +275.21% | +227.50% | +47.72 | 0 Comment | |
3st1 | 92.88 | 1/9/2009 |
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NS | $11.52 | +415.18% | +370.24% | +44.94 | 0 Comment | |
rabid999 | 21.05 | 6/19/2008 |
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NS | $16.06 | +269.51% | +225.66% | +43.85 | 0 Comment | |
hanshanzen | 46.99 | 6/11/2012 |
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5Y | $16.76 | +254.12% | +213.94% | +40.19 | 0 Comment | |
dinodoh | 20.75 | 9/24/2007 |
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5Y | $18.03 | +229.05% | +189.54% | +39.51 | 0 Comment | |
jck444 | 82.07 | 10/2/2020 |
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5Y | $35.69 | +66.28% | +27.00% | +39.29 | 0 Comment | |
mdriver78 | 65.34 | 10/1/2020 |
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5Y | $36.08 | +64.45% | +25.29% | +39.16 | 1 Comment |
See what the Wall Street professionals think, according to their public statements and filings.