PRGS Stock Summary and Trading Ideas (Progress Software | NASDAQ:PRGS)

Progress Software Corp provides software products that enable customers to develop, deploy, and manage AI-powered applications and digital experiences. The Company operates across North America, Latin America, Europe, the Middle East and Africa (EMEA), and Asia Pacific through subsidiaries and distributors, generating a majority of its revenue from the United States. Its product portfolio includes Progress Agentic RAG, Automate MFT, Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, and WhatsUp Gold, offering solutions for application development, data connectivity, DevOps automation, managed file transfer, network security, and digital experience. It generates maximum revenue from the United States.

Progress Software trades on the NASDAQ stock market under the symbol PRGS.

As of October 1, 2026, PRGS stock price declined to $36.58 with 1,781,710 million shares trading.

PRGS has a beta of 1.81, meaning it tends to be more sensitive to market movements. PRGS has a correlation of 0.18 to the broad based SPY ETF.

PRGS has a market cap of $1.50 billion. This is considered a Small Cap stock.

Last quarter Progress Software reported $246 million in Revenue and $1.69 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.25.

In the last 3 years, PRGS traded as high as $70.56 and as low as $23.82.

The top ETF exchange traded funds that PRGS belongs to (by Net Assets): IJR, VTI, VGT, VB, IWM.

PRGS has underperformed the market in the last year with a price return of -16.7% while the SPY ETF gained +15.8%. However, in the short term, PRGS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.9% vs +2.6% return in SPY. But in the last 2 weeks, PRGS shares have been beat by the market, returning -12.6% compared to an SPY return of +1.6%.

PRGS support price is $38.82 and resistance is $41.13 (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 shares will trade within this expected range on the day.