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Progress Software Corporation is currently in a long term uptrend where the price is trading 4.8% above its 200 day moving average.
From a valuation standpoint, the stock is 82.2% cheaper than other stocks from the Technology sector with a price to sales ratio of 4.5.
Progress Software Corporation's total revenue rose by 10.6% to $121M since the same quarter in the previous year.
Its net income has dropped by 10.2% to $19M since the same quarter in the previous year.
Finally, its free cash flow grew by 36.6% to $44M since the same quarter in the previous year.
Based on the above factors, Progress Software Corporation gets an overall score of 4/5.
Industry | Software-Application |
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ISIN | US7433121008 |
Sector | Technology |
CurrencyCode | USD |
Exchange | NASDAQ |
Dividend Yield | 1.3% |
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Beta | 0.98 |
PE Ratio | 24.95 |
Market Cap | 2B |
Target Price | 63.17 |
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, a flexible application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit, DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; and Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules. Further, the company offers project management, implementation, custom 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, 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.
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