Progress Software stock
PRGSNASDAQProgress Software Corporation, TechnologyISIN US7433121008
68Score 68 out of 100, Neutral
Price and trend
75 / 100
Price history
+1.3% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 18% above it.
Since August 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 32).
The price is 6.5% below its 52-week high. Largest decline in 20 years: 64% (November 2024 to April 2026).
Chart figures for advanced users
- SMA 50$41.78
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$36.82
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)32
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$25.09
- The lowest closing price of the last twelve months.
- Resistance$46.45
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Progress Software Corporation belongs to the Software (Infrastructure) industry (United States) and, with a market value of $1.78B, is number 70 of 97 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $977.83M (up 29.8% year on year) and earnings of $73.13M (up 6.9%).
- For fiscal 2026, analysts expect on average revenue of $1.05B (up 7.1%) and adjusted earnings per share of $6.19 (up 8.2%).
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- MEQIRI Score 68 out of 100 (Neutral): rank 272 of 854 in Technology, median 61.
- The P/E is 19.5 (Software (Infrastructure) median 25.6, own median of recent years 27.1).
- Our model puts fair value at $75.36, with the price 42% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 345% of earnings over the last 12 months.Fundamentals 84
Weaknesses
- High debtDebt 2.39 times equity (latest quarter), Software (Infrastructure) median 0.44.Stability 28
- Interest barely coveredOperating profit covers interest only 2.2 times.Stability 28
- Margin fallingOperating margin 15.7%, average of the prior years 21.9% (to 2024).Profitability 68
Its standout strengths are fundamentals and momentum, while stability holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 69 to 68.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
What lowers it
- solid fundamentals
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $53.83 and expensive above $125.60 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $93.80 (cash-flow model) and $56.92 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 12%. At 13% the fair value would be $70.07, at 11% it would be $82.13.
Possible value trap: looks cheap, but high risk.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (25.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 31 Aug 2026, revenue rose 6.4% on the twelve months before. Revenue has grown solidly since 2006, at about 4% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 81%, operating 16%, net 7%.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 19 Jan 2027in 67 days
- Last reported
- 30 Sep 2026EPS reported $1.69 (expected $1.52)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $6.190.0%
- Revenue
- $1.05B0.0%
- Earnings per share
- $7.180.0%
- Revenue
- $1.28B0.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −7.3%2026 outlook raised: revenue of $1.044 billion to $1.052 billion (more than $50 million higher), EPS of $6.15 to $6.23, and free cash flow slightly higher.
“For the full year 2026, we're raising our outlook and now expect revenue of between $1.044 billion and $1.052 billion, an increase of more than $50 million from our prior guidance, driven by the addition of Domo for a partial quarter, together with solid underlying performance in our base business.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 30 Sep 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 4 insiders sold, $1.52M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Jarrett LorenSale
21 Oct 2026, EVP/GM Digital Experience
- Shares
- 2,086
- Price
- $43.47
- Value
- $90,678
- Folger AnthonySale
16 Oct 2026, Chief Financial Officer
- Shares
- 3,067
- Price
- $40.36
- Value
- $123,776
- Wang Yufan StephanieSale
5 Oct 2026, Chief Legal Officer
- Shares
- 1,245
- Price
- $37.00
- Value
- $46,065
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- Folger AnthonySale
14 Aug 2026, Chief Financial Officer
- Shares
- 2,000
- Price
- $44.80
- Value
- $89,600
- Jarrett LorenSale
29 Jul 2026, EVP/GM Digital Experience
- Shares
- 11,747
- Price
- $41.61
- Value
- $488,778
- Subramanian SundarSale
1 Jul 2026, EVP/GM Infrastructure Mgmt
- Shares
- 10,597
- Price
- $38.27
- Value
- $405,547
- Folger AnthonySale
19 May 2026, Chief Financial Officer
- Shares
- 4,474
- Price
- $29.13
- Value
- $130,334
- Wang Yufan StephanieSale
18 May 2026, Chief Legal Officer
- Shares
- 5,019
- Price
- $28.86
- Value
- $144,852
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Progress Software
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 68
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Infrastructure)
The next larger and next smaller companies by market value
- GigaCloud TechnologyGCT $2.31B85
- A10 NetworksATEN $2.11B71
- NayaxNYAX $1.95B52
- MarqetaMQ $1.88B62
- StoneCoSTNE $1.77B59
- YubicoYUBICO.ST $1.51B67
- NextNavNN $1.47B31
- Pagaya TechnologiesPGY $1.42B71
ETFs that hold Progress Software
Held by 13 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.10% | 0.30% | €2.31B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.08% | 0.10% | €395.74M |
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.08% | 0.30% | €185.82M |
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| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.06% | 0.30% | €4.28B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.06% | 0.30% | €2.22B |
| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.04% | 0.30% | €964.08M |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.04% | 0.43% | €2.5B |
| State Street SPDR MSCI World Small Cap UCITS ETF (Acc)ZPRS | 0.02% | 0.45% | €1.54B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 30 Nov 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 7 Nov 2026, previously Strong
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.