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PRGS

Progress Software Corporation (Russell 2000)

Technology — Software - Infrastructure

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-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.

Strong Buy 1.0 / 5 5 analysts
$40.37
+$1.71 (+4.42%)
Target: $53.80 (33.3%)
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Price History

52-Week Range

Fundamentals

Market Cap$1.66B
P/E Ratio (TTM)19.60
Forward P/E6.48
EPS (TTM)$2.06
Dividend Yield-
Profit Margin8.87%
Revenue Growth6.80%
ROE18.57%
Debt/Equity262.16
Recommendation Strong Buy 1.0
Analyst Target$53.80
Analysts5
Indexes Russell 2000

Technical Indicators

RSI (14)60.3
Beta0.82
SMA 20$38.47
SMA 40$34.91
52-Week High$49.99
52-Week Low$23.82
50-Day Avg$33.59
200-Day Avg$37.10
Avg Volume750.0K
Volume650.6K

Performance Analysis

BULLISH

PRGS shows predominantly bullish signals based on its fundamentals and technicals.

~ Trading at 63% of its 52-week range.
+ RSI at 60.3 shows positive momentum.
+ Price is above both the 50-day and 200-day moving averages — strong uptrend.
~ Modest revenue growth of 6.8% year-over-year.
+ Wall Street consensus is "Strong Buy" from 5 analysts.
+ Average analyst target of $53.80 implies 33.3% upside.

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Last updated: Jul 28, 2026 21:01 UTC

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