Progress Software Corporation
General ticker "PRGS" information:
- Sector: Information Technology
- Industry: Software
- Capitalization: $2.4B (TTM average)
Progress Software Corporation does not follow the US Stock Market performance with the rate: -14.8%.
Estimated limits based on current volatility of 1.0%: low 42.77$, high 43.69$
Factors to consider:
- Total employees count: 2815 (+23.2%) as of 2024
- US accounted for 56.0% of revenue in the fiscal year ended 2024-11-30
- Top business risk factors: Dependence on openedge products, Acquisition/divestiture risks, Technology and customer needs, Cybersecurity threats, Infrastructure failure
- Current price 35.0% below estimated low
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-11-30 to 2026-11-30
- 2024-11-30 to 2025-11-30 estimated range: [61.22$, 80.50$]
- 2025-11-30 to 2026-11-30 estimated range: [66.61$, 87.38$]
Financial Metrics affecting the PRGS estimates:
- Negative: with PPE of 13.8 at the end of fiscal year the price was very high
- Positive: 7.86 < Operating profit margin, % of 16.46
- Positive: Industry inventory ratio change (median), % of 0.09 <= 0.28
- Negative: negative Industry operating cash flow (median)
- Positive: 6.82 < Operating cash flow per share per price, % of 7.18
- Negative: Shareholder equity ratio, % of 17.36 <= 18.93
- Positive: Inventory ratio change, % of -5.23 <= -0.75
- Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 2.64
- Positive: Interest expense per share per price, % of 1.09 <= 3.41
Short-term PRGS quotes
Long-term PRGS plot with estimates
Financial data
| YTD | 2022-11-30 | 2023-11-30 | 2024-11-30 |
|---|---|---|---|
| Operating Revenue | $612.78MM | $694.44MM | $753.41MM |
| Operating Expenses | $480.65MM | $583.92MM | $629.41MM |
| Operating Income | $132.13MM | $110.52MM | $124.00MM |
| Non-Operating Income | $-14.88MM | $-30.87MM | $-29.74MM |
| Interest Expense | $15.79MM | $30.78MM | $32.01MM |
| R&D Expense | $114.57MM | $132.40MM | $146.34MM |
| Income(Loss) | $117.25MM | $79.66MM | $94.26MM |
| Taxes | $22.19MM | $9.46MM | $25.83MM |
| Profit(Loss)* | $95.07MM | $70.20MM | $68.44MM |
| Stockholders Equity | $393.99MM | $459.71MM | $438.79MM |
| Assets | $1,406.96MM | $1,602.78MM | $2,526.97MM |
| Operating Cash Flow | $192.16MM | $173.92MM | $211.49MM |
| Capital expenditure | $6.09MM | $5.57MM | $5.21MM |
| Investing Cash Flow | $21.99MM | $-360.38MM | $-857.91MM |
| Financing Cash Flow | $-101.42MM | $51.19MM | $640.82MM |
| Earnings Per Share** | $2.19 | $1.62 | $1.58 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.