The Pentagon Is Stockpiling and This Company Is Poised With a "Tier 1 Priority" Resource

America is racing to rebuild its domestic supply of strategic materials. One company with projects across key allied nations is in the right place at the right time.

Progress Software Corp
NASDAQ:PRGS
$48.79
Open 48.46 Prev Close 48.51
High 49.00 Low 48.26
Volume 535,884 Volume (Avg) 758
52 Week High 70.56 52 Week Low 47.52
Market Cap 2.1B PE Ratio 37.36

General

NameProgress Software Corp
TickerPRGS
ExchangeNASDAQ
SectorTechnology
IndustrySoftware - Infrastructure
CurrencyUSD
CountryUSA
Fiscal Year EndNovember
Full Time Employees2,815

About Progress Software Corp

Progress Software Corporation develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; OpenEdge, an application development platform for running business-critical applications; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation, delivering intelligent, AI-powered, ROI-driving tools for marketers, and an extensible platform for developers; and WhatsUp Gold, a network infrastructure monitoring software providing visibility of various network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment

Highlights

Analyst Target71.67
Market Cap2,103,300,000
PE Ratio37.36
PEG Ratio1.91
EBITDA297,836,992

Valuation

Trailing PE37.32
Forward PE9.57
Price/Sales (Trailing 12 Mt.)2.41
Price/Book (Most Recent Quarter)4.62

Technicals

Beta0.72
52 Week High70.56
52 Week Low47.52
50 Day Average-18.55%
200 Day Average-20.19%

Dividend

Progress Software Corp pays out a dividend of $0.17 per share, with a dividend yield of 0.36%.

PRGS's last dividend payment was made to shareholders on September 16, 2024.

They pay out 0.00% of their earnings out as a dividend.

Recent Dividends

Sep 16, 2024$0.18
Jun 17, 2024$0.18
Mar 15, 2024$0.18
Dec 15, 2023$0.18
Sep 15, 2023$0.18
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