Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
PRGS
Strong BuyFull HouseAPPROVEProgress Software Corporation · Technology · United States · $1.8B · Avg Vol: $19M/d
Progress Software runs an acquire-and-optimise model over mature infrastructure software products, generating very high margins and predictable maintenance revenue used to fund a large buyback (2.85% of shares outstanding in 90 days) and debt reduction. Forward-EPS consensus has been revised up 3.0%. Nothing adverse is known on accounting, solvency or governance.
COMPANY DESCRIPTION
Progress Software Corporation develops and provides enterprise software solutions that enable businesses to build, deploy, and manage critical applications and infrastructure, including products for application development, integration, and data connectivity. The company benefits from high customer switching costs due to its software often being deeply embedded into client operations, creating a sticky revenue base. Progress Software operates as a specialized provider in the enterprise technology sector, serving specific niches with a portfolio of established and continually evolving products.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 602.0M | 694.4M | 753.4M | 977.8M | 17.5% | 1.0B | 995.7M | 1.0B | 1.4% |
| EPS | 2.19 | 1.62 | 1.58 | 1.70 | -8.1% | 2.06 | 1.82 | 1.85 | 4.4% |
| Shares | 43.3M | 43.8M | 43.4M | 42.3M | -2.1% | 41.0M | — | — | — |
| Debt | 640.6M | 747.1M | 1.6B | 1.4B | 30.7% | 1.3B | — | — | — |
| Equity | 398.5M | 459.7M | 438.8M | 478.3M | 6.3% | — | — | — | — |
| Op CF | 192.2M | 173.9M | 211.5M | 235.2M | 7.0% | 313.7M | — | — | — |
| Inv CF | 22.0M | -360.4M | -857.9M | -26.9M | — | — | — | — | — |
| Fin CF | -101.4M | 51.2M | 640.8M | -238.4M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of PRGS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| PRGS | Progress Software Corporation(you) | $1.8B | 90 | Strong Buy |
| GCT | GigaCloud Technology Inc. | $1.9B | 90 | Strong Buy |
| FIVN | Five9, Inc. | $2.5B | 91 | Strong Buy |
| FLYW | Flywire Corporation | $1.7B | 84 | Strong Buy |
| TDC | Teradata Corporation | $2.7B | 91 | Strong Buy |
| PGY | Pagaya Technologies Ltd. | $1.8B | 99 | Strong Buy |
| NTCT | NetScout Systems, Inc. | $2.8B | 89 | Strong Buy |
| EVTC | EVERTEC, Inc. | $1.8B | 80 | Buy |
| PAYO | Payoneer Global Inc. | $2.4B | 84 | Strong Buy |
| RAMP | LiveRamp Holdings, Inc. | $2.3B | 99 | Strong Buy |
Peer medians: ROE 4.6% · P/E 35.3x · Gross margin 51.1%