28-Mar-2024
Progress Releases Corporate Social Responsibility Report for 2023
Globe Newswire (Thu, 28-Mar 9:00 AM ET)
Announcement for the Purposes of Rule 2.12 of the Irish Takeover Rules
Globe Newswire (Wed, 27-Mar 4:22 PM ET)
Why Information Technology Company MariaDB Shares Are Rocketing Wednesday
Benzinga (Wed, 27-Mar 9:28 AM ET)
Why MariaDB Shares Are Trading Higher By Around 100%; Here Are 20 Stocks Moving Premarket
Benzinga (Wed, 27-Mar 8:14 AM ET)
Progress Software declares $0.175 dividend
Seeking Alpha News (Wed, 27-Mar 7:50 AM ET)
TipRanks (Wed, 27-Mar 7:50 AM ET)
Maintaining Hold on Progress Software Amid Solid Q1 Performance and Growth Potential
TipRanks (Wed, 27-Mar 12:25 AM ET)
Progress Software Corp. Announces Upcoming Financial Update Call
TipRanks (Tue, 26-Mar 4:43 PM ET)
Progress Software considering offer for MariaDB plc
Seeking Alpha News (Tue, 26-Mar 4:26 PM ET)
Progress Software Non-GAAP EPS of $1.25 beats by $0.11, revenue of $184.69M beats by $3.05M
Seeking Alpha News (Tue, 26-Mar 4:17 PM ET)
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
Progress Software trades on the NASDAQ stock market under the symbol PRGS.
As of March 28, 2024, PRGS stock price climbed to $53.31 with 988,968 million shares trading.
PRGS has a beta of 0.67, meaning it tends to be less sensitive to market movements. PRGS has a correlation of 0.14 to the broad based SPY ETF.
PRGS has a market cap of $2.34 billion. This is considered a Mid Cap stock.
Last quarter Progress Software reported $185 million in Revenue and $1.25 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.11.
In the last 3 years, PRGS stock traded as high as $62.34 and as low as $40.33.
The top ETF exchange traded funds that PRGS belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
PRGS has underperformed the market in the last year with a price return of -8.2% while the SPY ETF gained +33.6%. PRGS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.5% and -0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PRGS support price is $51.89 and resistance is $53.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRGS stock will trade within this expected range on the day.