PROGRESS SOFTWARE CORP /MA (PRGS) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does PROGRESS SOFTWARE CORP /MA Do?
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. PROGRESS SOFTWARE CORP /MA (PRGS) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Yogesh K. Gupta and employs approximately 2,070 people, headquartered in Bedford, Massachusetts. With a market capitalization of $1.1B, PRGS is one of the notable companies in the Technology sector.
PROGRESS SOFTWARE CORP /MA (PRGS) Stock Rating — Reduce (April 2026)
As of April 2026, PROGRESS SOFTWARE CORP /MA receives a Reduce rating with a composite score of 40.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.PRGS ranks #2,955 out of 4,446 stocks in our coverage universe. Within the Technology sector, PROGRESS SOFTWARE CORP /MA ranks #334 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PRGS Stock Price and 52-Week Range
PROGRESS SOFTWARE CORP /MA (PRGS) currently trades at $26.90. The stock lost $0.52 (1.9%) in the most recent trading session. The 52-week high for PRGS is $65.50, which means the stock is currently trading -58.9% from its annual peak. The 52-week low is $31.96, putting the stock -15.8% above its annual trough. Recent trading volume was 799K shares, suggesting relatively thin trading activity.
Is PRGS Overvalued or Undervalued? — Valuation Analysis
PROGRESS SOFTWARE CORP /MA (PRGS) carries a value factor score of 48/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 17.39x, compared to the Technology sector average of 45.27x — a discount of 62%. The price-to-book ratio stands at 2.45x, versus the sector average of 3.16x. The price-to-sales ratio is 1.26x, compared to 1.06x for the average Technology stock. On an enterprise value basis, PRGS trades at 15.88x EV/EBITDA, versus 12.79x for the sector. The EV/EBIT multiple is 20.19x.
Overall, PRGS's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
PROGRESS SOFTWARE CORP /MA Profitability — ROE, Margins, and Quality Score
PROGRESS SOFTWARE CORP /MA (PRGS) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 14.1%, compared to the Technology sector average of -1.4%, which is within a healthy range. Return on assets (ROA) comes in at 2.9% versus the sector average of -1.0%.
On a margin basis, PROGRESS SOFTWARE CORP /MA reports gross margins of 81.0%, compared to 50.9% for the sector. The operating margin is 16.6% (sector: -0.5%). Net profit margin stands at 7.2%, versus -1.5% for the average Technology stock. Revenue growth is running at 38.7% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
PRGS Debt, Balance Sheet, and Financial Health
PROGRESS SOFTWARE CORP /MA has a debt-to-equity ratio of 269.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.47x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $1.34B. Cash and equivalents stand at $95M.
PRGS has a beta of 0.44, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for PROGRESS SOFTWARE CORP /MA is 52/100, reflecting average volatility within the normal range for its sector.
PROGRESS SOFTWARE CORP /MA Revenue and Earnings History — Quarterly Trend
In TTM 2026, PROGRESS SOFTWARE CORP /MA reported revenue of $973M and earnings per share (EPS) of $0.54. Net income for the quarter was $70M. Gross margin was 81.0%. Operating income came in at $161M.
In Q1 2026, PROGRESS SOFTWARE CORP /MA reported revenue of $248M and earnings per share (EPS) of $0.54. Net income for the quarter was $23M. Gross margin was 82.3%. Revenue grew 4.1% year-over-year compared to Q1 2025. Operating income came in at $46M.
In FY 2025, PROGRESS SOFTWARE CORP /MA reported revenue of $978M and earnings per share (EPS) of $1.70. Net income for the quarter was $73M. Gross margin was 80.8%. Revenue grew 29.8% year-over-year compared to FY 2024. Operating income came in at $153M.
In Q3 2025, PROGRESS SOFTWARE CORP /MA reported revenue of $250M and earnings per share (EPS) of $0.45. Net income for the quarter was $19M. Gross margin was 81.0%. Revenue grew 39.8% year-over-year compared to Q3 2024. Operating income came in at $44M.
Over the past 8 quarters, PROGRESS SOFTWARE CORP /MA has demonstrated a growth trajectory, with revenue expanding from $179M to $973M. Investors analyzing PRGS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PRGS Dividend Yield and Income Analysis
PROGRESS SOFTWARE CORP /MA (PRGS) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
PRGS Momentum and Technical Analysis Profile
PROGRESS SOFTWARE CORP /MA (PRGS) has a momentum factor score of 19/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 65/100 reflects moderate short selling activity.
PRGS vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, PROGRESS SOFTWARE CORP /MA (PRGS) ranks #334 out of 584 stocks based on the Blank Capital composite score. This places PRGS in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing PRGS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PRGS vs S&P 500 (SPY) comparison to assess how PROGRESS SOFTWARE CORP /MA stacks up against the broader market across all factor dimensions.
PRGS Next Earnings Date
No upcoming earnings date has been announced for PROGRESS SOFTWARE CORP /MA (PRGS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PRGS? — Investment Thesis Summary
The quantitative profile for PROGRESS SOFTWARE CORP /MA suggests caution. Momentum is weak at 19/100, a headwind for near-term performance.
In summary, PROGRESS SOFTWARE CORP /MA (PRGS) earns a Reduce rating with a composite score of 40.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PRGS stock.
Related Resources for PRGS Investors
Explore more research and tools: PRGS vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PRGS head-to-head with peers: PRGS vs IHS, PRGS vs VRSN, PRGS vs ESE.