PRGS

Progress Software Corporation Common Stock (DE) (PRGS)

Stock · NASDAQ · Technology

$40.84as of 10/16/2026

AI Market Commentary

AI-generatedAll commentary →

Synthesized from recent news and fundamentals/technical data -- not human analyst commentary or trader sentiment.

October 13, 2026

Progress Software Raises 2026 Guidance Amid AI Platform Upgrades. Progress Software has raised its 2026 financial guidance following recent upgrades to its AI platform. This development has increased implied volatility for the company's stock options, reflecting heightened market interest and uncertainty. The stock is currently trading near its 200-day moving average, with analysts maintaining a wide range of price targets.

Active signals

Support level
$27.75
Industry
Computer Software: Prepackaged Software

What PRGS's price did in the 20 trading sessions after each past signal, compared with any 20-session window over the same period.

SignalTimesMedian 20-session returnHigher after 20 sessions
Volume Spike32-0.6%47%
Bollinger Band Breakdown25-1.5%40%
Bollinger Band Breakout22+1.5%59%
200-Day Moving Average TouchActive now14+1.9%57%
Any 20-session window (baseline)-0.1%50%

Computed by MarketWall from daily closing prices since May 18, 2022. Returns are close-to-close and don't include dividends. Past results describe what happened before; they are not a forecast and not investment advice.

About PRGS

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/Dev…

Sector
Technology
Industry
Computer Software: Prepackaged Software
Employees
2,801

Fundamentals

1-day range
$38.5$40.11
Market cap
$1.71B
P/E (trailing)
17.40
P/E (forward)
5.40
EPS (trailing)
$2.18
Dividend yield
1.31%
Beta
0.90
Avg. volume
562.5K
Ex-dividend date
August 30, 2024
Dividend pay date
September 16, 2024
52-week range
$23.82$47.25
Next earnings: January 19, 2027 · EPS estimate $1.28

How Progress Software Corporation Common Stock (DE) Makes Money

Where the revenue actually goes — FY2025 annual results

market-wall.comTotalRevenue$977.83MNet Income$73.13M (7%)Other$430.62M (44%)SG&A$319.23M (33%)Cost of Revenue$146.35M (15%)Tax$8.49M (1%)PRGS

Source: 10-K filed Jan 20, 2026 · via SEC EDGAR / Finnhub

Gross Profit$790.25M(81%)
Operating Income$153.29M(16%)

Forecasts

5 analyst ratings

Buy 92%
Hold 8%
Sell 0%
1-year price forecast
High
$83
+103.2%
Median
$53
+29.8%
Low
$40
-2.1%

Progress Software Corporation Common Stock (DE) Competitors

Chosen by industry and closest market cap.

  • PRGS
    Progress Software Corporation Common Stock (DE)
    $40.84
    ▼ 0.07%
    Market cap $1.71BP/E 17.40
    $23.82$47.25
  • MQ
    Marqeta Inc. Class A Common Stock
    $18.69
    ▼ 1.58%
    Market cap $1.74BP/E 190.39
    $14.8$22.28
  • VIA
    Via Transportation Inc. Class A Common Stock
    $31.93
    ▼ 4.91%
    Market cap $1.75BP/E —
    $12.95$55.2
  • BL
    BlackLine Inc. Common Stock
    $29.8
    ▼ 2.33%
    Market cap $1.76BP/E 49.95
    $24.7$59.57
  • OPRA
    Opera Limited American Depositary Shares
    $17.89
    ▼ 1.54%
    Market cap $1.76BP/E 12.30
    $11.71$20.78
  • XNET
    Xunlei Limited American Depositary Shares
    $4.21
    ▼ 9.27%
    Market cap $1.61BP/E 0.38
    $4.52$9.78
  • CNXC
    Concentrix Corporation Common Stock
    $27.87
    ▲ 0.72%
    Market cap $1.61BP/E —
    $19.12$48.08

P/E shows — for peers not currently carrying a live signal of their own.

Latest news

Insider Activity

Insider Actions →
Acquired
10.8K
Disposed
3.8K

Institutional Ownership

March 31, 2026

Total shares held
40.71M
Total value held
$994.23M
Institutional holders
283
Top holders this quarter
  • Unknown6.97M
  • Unknown1.93M
  • Unknown1.76M
  • Unknown1.72M
  • Unknown1.23M
  • Unknown1.22M
  • Unknown1.09M
  • Unknown1.07M
  • Unknown988.4K
  • Unknown947.9K

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