“Double-Digit Share Increase: Is Progress Software Corporation a Good Buy Now?

August 12, 2023

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Progress Software ($NASDAQ:PRGS) Corporation is a small-cap software company that has seen a double-digit increase in its share price recently. This may indicate that it is a good time to consider investing in the company, especially given its promising outlook. With a track record of strong and consistent financial performance, the company has earned the trust of large enterprises and government organizations around the world. The company’s current portfolio includes solutions focused on data connectivity and integration, application development, business process management, and dynamic case management. With a dedicated team of professionals, PROGRESS SOFTWARE is constantly innovating to deliver solutions that optimize performance and reduce IT costs.

In addition, the company offers comprehensive services such as consulting, training, support, and maintenance which further enhance customers’ ability to meet their objectives. This strong foundation has enabled PROGRESS SOFTWARE to experience double-digit share growth over the last few months. With their commitment to innovation and customer service, it appears that they are well-positioned to continue on this path. Thus, PROGRESS SOFTWARE may be an attractive investment opportunity for those willing to take on some risk. Investing in PROGRESS SOFTWARE now could be a great way to benefit from their future success.

Stock Price

On Monday, Progress Software Corporation (PROGRESS SOFTWARE) saw a double-digit share increase of 1.7%, from previous closing price of $60.4 to $61.5, opening at $60.5. This could be seen as a sign that investors are buying into the company’s recent success, making it an appealing investment. They have been focusing on the development of innovative technology solutions and expanding their services to the global market, which has contributed to their success. Given the company’s track record for growth and profitability, it is not surprising that investors are looking at Progress Software as a potential investment.

With their impressive financials and innovative technology solutions, it is likely that Progress Software will continue to see success going forward. Therefore, it may be a good idea to consider it as an investment option in the near future. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Progress Software. More…

    Total Revenues Net Income Net Margin
    650.82 81.27 13.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Progress Software. More…

    Operations Investing Financing
    174.53 -360.99 93.78
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Progress Software. More…

    Total Assets Total Liabilities Book Value Per Share
    1.6k 1.18k 9.67
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Progress Software are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    14.5% 11.1% 20.1%
    FCF Margin ROE ROA
    25.9% 19.6% 5.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we believe that when it comes to making smart decisions about financial investments, it is important to understand the financial and business aspects of a company. That’s why we are proud to provide our clients with detailed analysis of PROGRESS SOFTWARE’s financials. Our Risk Rating analysis has identified PROGRESS SOFTWARE as a high-risk investment. This means that it may present more challenges and risks than other investments, and should be considered carefully before making any decisions. We have also detected four risk warnings in our analysis of the company’s income sheet, balance sheet, cash flow statement, and non-financials. If you would like to learn more about our findings, please register on goodwhale.com. We look forward to helping you make the most informed decision about your financial investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Progress Software Corporation is an American publicly traded company headquartered in Bedford, Massachusetts. The company develops software products and services for businesses. Progress Software’s main competitors are DocuSign Inc, Pros Holdings Inc, and Sprout Social Inc.

    – DocuSign Inc ($NASDAQ:DOCU)

    DocuSign Inc is a US provider of electronic signature technology and digital transaction management services, founded in 2003. The company’s software allows users to electronically sign, send, and manage documents. As of 2022, DocuSign has a market cap of 8.52B and a ROE of -15.28%.

    – Pros Holdings Inc ($NYSE:PRO)

    A market cap of 1.17B means that the company is worth 1.17 billion dollars. The company’s ROE is 195.47%, which means that the company has made 195.47% profit on every dollar that it has invested. The company does business in the healthcare industry.

    – Sprout Social Inc ($NASDAQ:SPT)

    Sprout Social is a social media management platform that helps brands grow their social media presence. The company has a market cap of $2.61B and a ROE of -17.92%. Sprout Social’s platform helps brands with tasks such as scheduling and publishing content, analyzing social media analytics, andEngaging with their audience.


    Progress Software Corporation (PROGRESS) is a mid-cap stock that may be worth considering for investment. Therefore, investors should consider investing in PROGRESS as it has potential for both short and long-term capital gains.

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