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Upturn AI SWOT - About
PRGS 
Progress Software Corporation (PRGS)
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Upturn Advisory Summary
09/17/2025: PRGS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $70
1 Year Target Price $70
| 4 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -20.73% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.82B USD | Price to earnings Ratio 32.39 | 1Y Target Price 70 |
Price to earnings Ratio 32.39 | 1Y Target Price 70 | ||
Volume (30-day avg) 7 | Beta 0.68 | 52 Weeks Range 41.25 - 70.56 | Updated Date 09/17/2025 |
52 Weeks Range 41.25 - 70.56 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.3 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.63% | Operating Margin (TTM) 17.75% |
Management Effectiveness
Return on Assets (TTM) 5.36% | Return on Equity (TTM) 13.48% |
Valuation
Trailing PE 32.39 | Forward PE 7.4 | Enterprise Value 3202379492 | Price to Sales(TTM) 2.09 |
Enterprise Value 3202379492 | Price to Sales(TTM) 2.09 | ||
Enterprise Value to Revenue 3.69 | Enterprise Value to EBITDA 12.31 | Shares Outstanding 43108300 | Shares Floating 42593633 |
Shares Outstanding 43108300 | Shares Floating 42593633 | ||
Percent Insiders 1.81 | Percent Institutions 116.38 |
Upturn AI SWOT
Progress Software Corporation
Company Overview
History and Background
Progress Software Corporation was founded in 1981. Initially focused on database technology and application development tools, it has evolved into a provider of infrastructure software solutions, acquiring several companies along the way to expand its offerings.
Core Business Areas
- Application Development and Deployment: This segment provides a platform for building, deploying, and managing business applications, including the OpenEdge platform and related tools.
- Data Connectivity and Integration: This segment provides data connectivity solutions for connecting to various data sources and integrating data across different systems, including the DataDirect brand.
- DevOps and Network Management: This segment includes products for managing and monitoring IT infrastructure, applications, and networks, including WhatsUp Gold and Kemp.
Leadership and Structure
Progress Software is led by Yogesh Gupta (CEO). The company has a typical corporate structure with functional departments such as Sales, Marketing, Engineering, and Finance.
Top Products and Market Share
Key Offerings
- OpenEdge: OpenEdge is an application development and deployment platform. It is a core product with a significant customer base, but exact market share data is difficult to ascertain, as it competes with broad platforms and custom solutions. Competitors include Microsoft (.NET), Oracle (Java), and various low-code/no-code platforms.
- DataDirect: DataDirect Connect is a suite of data connectivity solutions. Progress has a significant share of the ODBC and JDBC driver market. Competitors include Magnitude Software, CData Software, and various open-source driver projects.
- WhatsUp Gold: WhatsUp Gold is a network monitoring and management tool. Progress competes with SolarWinds (SWI), Paessler, ManageEngine, and Datadog (DDOG).
Market Dynamics
Industry Overview
The infrastructure software market is competitive and constantly evolving, driven by digital transformation, cloud adoption, and the need for robust data connectivity and application development platforms.
Positioning
Progress Software is positioned as a provider of solutions for simplifying application development, connecting to diverse data sources, and managing IT infrastructure. Its competitive advantages lie in its established customer base, its specialized products, and its focus on specific industry verticals.
Total Addressable Market (TAM)
The total addressable market for infrastructure software is estimated to be in the hundreds of billions of dollars. Progress is positioned to address a portion of this TAM with its specialized products, focusing on application development, data connectivity, and network management.
Upturn SWOT Analysis
Strengths
- Established Customer Base
- Specialized Product Portfolio
- Strong Data Connectivity Solutions
- Experienced Management Team
- Recurring Revenue Model
Weaknesses
- Smaller Size Compared to Major Competitors
- Limited Brand Awareness Compared to Competitors
- Reliance on Acquisitions for Growth
Opportunities
- Growing Demand for Cloud-Based Solutions
- Expansion into New Geographic Markets
- Increasing Need for Data Integration
- Adoption of Low-Code/No-Code Development Platforms
Threats
- Intense Competition
- Rapid Technological Changes
- Economic Downturn
- Security Vulnerabilities
- Open Source Alternatives
Competitors and Market Share
Key Competitors
- MSFT
- ORCL
- SWI
- DDOG
Competitive Landscape
Progress faces competition from larger, more diversified companies as well as smaller, specialized vendors. Its advantages lie in its specific industry expertise, but it needs to continue innovating to stay ahead of the competition.
Major Acquisitions
MarkLogic
- Year: 2023
- Acquisition Price (USD millions): 355
- Strategic Rationale: Acquisition of MarkLogic expands Progressu2019s portfolio of data solutions and enables it to target larger enterprise customers.
Chef
- Year: 2020
- Acquisition Price (USD millions): 220
- Strategic Rationale: Expanded DevOps capabilities for infrastructure automation.
Growth Trajectory and Initiatives
Historical Growth: Progress has achieved growth through a combination of organic growth and acquisitions. Its financial performance has been relatively stable.
Future Projections: Analyst projections suggest continued growth for Progress Software, driven by demand for its solutions and potential acquisitions.
Recent Initiatives: Progress has recently focused on acquiring companies to expand its product portfolio and enter new markets, as well as integrating its existing products to offer more comprehensive solutions.
Summary
Progress Software is a moderately strong company with a good niche in application development and data connectivity. Its strengths are its specialized products and recurring revenue, while its weaknesses lie in its smaller size and brand awareness. The company has growth opportunities in cloud-based solutions and data integration but must watch out for intense competition and rapid technological changes.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Analyst Reports
- Industry Research Reports
- Company Website
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Progress Software Corporation
Exchange NASDAQ | Headquaters Burlington, MA, United States | ||
IPO Launch date 1991-07-30 | CEO, President & Director Mr. Yogesh K. Gupta | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 2815 | Website https://www.progress.com |
Full time employees 2815 | Website https://www.progress.com | ||
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; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as 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 for 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; OpenEdge, an application development platform; 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 manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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