PRGS stock forecast
Our latest prediction for Progress Software Corp.'s stock price was made on the Aug. 24, 2023 when the stock price was at 60.60$.
In the short term (2weeks), PRGS's stock price should underperform the market by -1.91%. During that period the price should oscillate between -3.55% and +3.27%.
In the medium term (3months), PRGS's stock price should underperform the market by -4.99%. During that period the price should oscillate between -19.16% and +6.91%.
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About Progress Software Corp.
progress software corporation (nasdaq: prgs) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any cloud, on any platform and on any device with minimal it complexity and low total cost of ownership. over 400,000 end-user customers globally run on progress openedge-based applications, and more than 1,400 isvs around the world are powered by progress software. global headquarters 14 oak park drive bedford, ma 01730 usa +781-280-4000
At the moment the company generates 650M USD in revenues.
On its last earning announcement, the company reported a profit of 1.88$ per share.
The book value per share is 6.87$
Three months stock forecastAug. 24, 2023
Financials
| Revenue USD | Gross Margin | Operating Income | Operating Margin | Net Income | Earnings Per Share | Dividends | Payout Ratio | Shares | Book Value Per Share | Operating Cash Flow | Cap Spending | Free Cash Flow |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 650M | 83.50% | 121M | 18.60% | 81M | 1.88 | 0.35 | 46.10% | 43M | 6.87 | - | - | - |