0.58%
-12.00%
-10.55%
-1.83%
0.92%
25.97%
27.03%
AI Spotlight on PRGS
Company Description
Progress Software Corporation develops, deploys, and manages business applications.The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities.It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution.
In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources.Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services.The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators.
It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Market Data
| Last Price | 57.33 |
| Change Percentage | 0.58% |
| Open | 57.23 |
| Previous Close | 57 |
| Market Cap ( Millions) | 2486 |
| Volume | 708925 |
| Year High | 70.56 |
| Year Low | 48 |
| M A 50 | 65.19 |
| M A 200 | 58.83 |
Financial Ratios
| FCF Yield | 8.30% |
| Dividend Yield | 0.92% |
| ROE | 15.84% |
| Debt / Equity | 189.55% |
| Net Debt / EBIDTA | 302.52% |
| Price To Book | 5.64 |
| Price Earnings Ratio | 36.17 |
| Price To FCF | 12.05 |
| Price To sales | 3.3 |
| EV / EBITDA | 13.56 |
News
- Jan -23 - Launch of Progress Data Cloud Creates Platform to Accelerate AI Strategies and Digital Transformation
- Jan -22 - Progress Software Earnings: Cheap Enough To Ignore The Debt
- Jan -22 - Progress Software, Disc Medicine And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
- Jan -22 - Progress Software Corporation (PRGS) Q4 2024 Earnings Call Transcript
- Jan -22 - Progress Software (PRGS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- Jan -21 - Progress Software (PRGS) Beats Q4 Earnings and Revenue Estimates
- Jan -21 - Progress Reports Fourth Quarter 2024 and Full Year Results
- Jan -15 - Gear Up for Progress Software (PRGS) Q4 Earnings: Wall Street Estimates for Key Metrics
- Jan -13 - Progress Once Again Honored as a Top Place to Work and Socially Responsible Organization by Prestigious Publications Including The Boston Globe and Newsweek
- Dec -19 - Progress Software Rises 37% in 6 Months: Should You Buy, Sell or Hold?
- Dec -19 - Progress ShareFile Selected as the Latest Addition to the American Institute of CPAs (AICPA) Member Discount Program, Offering Benefits for AICPA Members
- Nov -26 - Progress Unveils Q4 2024 Release for Telerik and Kendo UI, Breaking New Ground in Design-to-Code Processes and Adding Support for .NET 9 and Angular 19
- Nov -21 - Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences
- Nov -18 - Progress Software Gains 17% in 3 Months: Is the Stock Worth Buying?
- Nov -06 - Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership
- Oct -31 - Progress Completes Acquisition of ShareFile
- Oct -28 - Progress Appoints Amanda Arria to the Role of Chief People Officer
- Oct -17 - Progress AI-Powered Flowmon Introduces Up to 10x Search Acceleration for Faster Cyberthreat Hunting and Network Troubleshooting
- Oct -03 - Progress Announces Winners of the 2024 OpenEdge North America Partner Awards
- Sep -30 - Deciphering Progress Software (PRGS) International Revenue Trends
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Maintenance
Expected Growth : 3.5 %
What the company do ?
Maintenance from Progress Software Corporation is a comprehensive solution for managing and optimizing maintenance operations, ensuring equipment reliability and reducing downtime.
Why we expect these perspectives ?
Progress Software Corporation's 3.5% growth in Maintenance is driven by increasing demand for digital transformation, adoption of cloud-based solutions, and expansion into new markets. Additionally, the company's strategic acquisitions and partnerships have enhanced its product offerings, leading to higher maintenance revenue.
Segment n°2 -> Software Licenses
Expected Growth : 4.5 %
What the company do ?
Progress Software Corporation offers various software licenses, including OEM, ISV, and SaaS licenses, enabling customers to integrate and distribute Progress products with their own solutions.
Why we expect these perspectives ?
Progress Software Corporation's 4.5% growth in software licenses is driven by increasing demand for digital transformation, adoption of cloud-based solutions, and expansion into new markets. Additionally, the company's strategic acquisitions, innovative product offerings, and strong partnerships contribute to its growth momentum.
Segment n°3 -> Professional Services
Expected Growth : 3.8 %
What the company do ?
Progress Software Corporation's Professional Services provide expert consulting, implementation, and training services to help customers maximize the value of their Progress-based solutions.
Why we expect these perspectives ?
Progress Software Corporation's 3.8% growth in Professional Services is driven by increasing demand for digital transformation, adoption of cloud-based solutions, and growing need for IT consulting services. Additionally, the company's strategic acquisitions and partnerships have expanded its service offerings, contributing to revenue growth.
Progress Software Corporation Products
| Product Range | What is it ? |
|---|---|
| Progress Telerik | A suite of UI components and tools for building web, mobile and desktop applications |
| Progress Sitefinity | A web content management system for building and managing websites and mobile applications |
| Progress OpenEdge | A platform for building and deploying business applications |
| Progress Corticon | A business rules management system for automating decision-making processes |
| Progress WhatsUp Gold | A network monitoring and management tool for IT infrastructure |
| Progress Chef | An automation platform for infrastructure, applications and compliance |
| Progress Kemp | A load balancer and application delivery controller for high-availability and scalability |
Progress Software Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for Progress Software Corporation is medium because while there are some alternative products available, they are not as comprehensive or widely adopted as Progress Software's offerings.
Bargaining Power Of Customers
The bargaining power of customers for Progress Software Corporation is low because the company's products are often critical to customers' operations, making it difficult for customers to negotiate prices or switch to alternative products.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Progress Software Corporation is medium because while the company relies on some key suppliers for certain components, it also has some flexibility to negotiate prices and switch to alternative suppliers if needed.
Threat Of New Entrants
The threat of new entrants for Progress Software Corporation is low because the company has a strong brand and established customer base, making it difficult for new entrants to gain traction in the market.
Intensity Of Rivalry
The intensity of rivalry for Progress Software Corporation is high because the company operates in a highly competitive market with several established players, and the company must continually innovate and invest in marketing and sales to maintain its market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 61.91% |
| Debt Cost | 4.68% |
| Equity Weight | 38.09% |
| Equity Cost | 8.67% |
| WACC | 6.20% |
| Leverage | 162.52% |
Progress Software Corporation : Quality Control
Progress Software Corporation passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| AGYS | Agilysys, Inc., together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and … |
| MANH | Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations. It offers Manhattan SCALE, a portfolio of logistics execution solutions that … |
| ESTC | Elastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that … |
| PTC | PTC Inc. operates as software and services company in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Software Products and Professional Services. It offers ThingWorx … |
| AZPN | Aspen Technology, Inc. provides enterprise asset performance management, asset performance monitoring, and asset optimization solutions worldwide. The company's solutions address complex environments where it is critical to optimize the asset … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Progress Software
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PTC
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Agilysys
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4
Aspen Technology
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Manhattan Associates
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