(PRGS) Progress Software - Ratings and Ratios

Progress Software Corporation (NASDAQ:PRGS) is a global leader in developing, deploying, and managing AI-powered applications and digital experiences. The company offers a diverse portfolio of products, including Chef, a DevOps/DevSecOps automation platform; Corticon, a decision automation tool for streamlining complex business rules; DataDirect, a suite of secure data connectivity solutions for various data sources; and Developer Tools, which provide software development components and AI-prompt tools for web, desktop, and mobile applications. Additionally, the company offers Flowmon, an AI-powered network security product; Kemp LoadMaster, an application delivery and security solution; MarkLogic, a data agility platform; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, a SaaS-native document collaboration platform; Sitefinity, a digital experience platform; and WhatsUp Gold, a network infrastructure monitoring software. Progress also provides project management, custom software development, and training services. Its products are sold to end users, independent software vendors, and original equipment manufacturers.

From a technical perspective, PRGS is currently trading at $59.89 with a 20-day SMA of $57.38 and a 200-day SMA of $60.39, indicating a potential breakout above the 200-day moving average. The ATR of 1.97 suggests moderate volatility. On the fundamental side, the company has a market cap of $2.409 billion, with a P/E ratio of 44.09 and a forward P/E of 11.11, signaling high current valuations but potential undervaluation in the future. The P/B ratio of 5.58 reflects premium pricing relative to book value, while the P/S ratio of 2.99 and RoE of 13.14% indicate reasonable profitability and efficiency.