Progress Software Corporation (PRGS)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
$44.93+1.06%
Close 2026-10-29 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-29
Research Workspace
Put PRGS beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Systems Software: fringe margins under pressure (2q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is slowing — up about 6% over the past year and decelerating.
View GrowthManagement screens strong on capital allocation, earnings delivery, margins, guidance credibility.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 2% on a typical day and fell roughly 44% in its worst 12-month stretch.
View RiskProgress Software’s AI and data platform acquisitions support its growth case, but recent revenue growth has slowed. Third-quarter fiscal 2026 revenue fell 2% year over year after growing 7% in Q2. Third-quarter non-GAAP EPS beat, reaching $1.69 against $1.52 expected. PRGS trades at 8× P/E versus a 45× peer median. The price reflects less growth than our forecast, despite that wide valuation gap. Domo integration concerns threaten the acquisition-led growth case; our model puts next-quarter miss probability near 22%. Peer multiples imply a price about 52% above where it trades; our read remains intact.
Trailing returns as of 2026-10-29. PRGS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 5 analysts currently covering PRGS (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| PRGS Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Systems Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put PRGS next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Acquire complementary AI and data platform businesses
Domo acquisition aligns with AI and data platform strategy.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-29. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Acquire complementary AI and data platform businesses
Acquisition enhances capabilities in AI, supporting growth strategy.
Advances: Acquire complementary AI and data platform businesses
Acquisition aligns with AI and data platform growth objective.
Acquisition concerns could hinder growth strategy.
Advances: Drive revenue growth
AI push aligns with growth objectives and enhances valuation.
Advances: Acquire complementary AI and data platform businesses
Acquisition aligns with growth objective and enhances market position.
Advances: Acquire complementary AI and data platform businesses
Acquisition aligns with objective to enhance AI capabilities.
Advances: Drive revenue growth
Strong revenue growth aligns with management's growth objective.