Progress Software is an attractively valued infrastructure software company with a perfect four-quarter earnings beat streak, exceptional free cash flow conversion at 291% of net income, and an earnings catalyst in 13 days, but a confirmed death cross with the 200-day moving average declining at negative 6.1% per 30 days and high leverage at 2.8 times debt-to-equity create real downside risk if the upcoming earnings disappoint.
Thesis pillars
- Earnings Catalyst Upcoming Beat Streak→Stable
- Exceptional Cash Conversion Quality→Stable
- Death Cross And High Leverage→Stable
- +1 more pillar — see the Why tab for full reasoning
Progress Software Corporation (PRGS) Stock Analysis
Technology · Software - Infrastructure
Wait for pullback to $31.49. BUY gates pass at $33.11, but leverage penalty (D/E 2.8): -1.5 argues for a more patient entry. Engine's entry $31.49 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum.
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic... Read more
Wait for pullback to $31.49. BUY gates pass at $33.11, but leverage penalty (D/E 2.8): -1.5 argues for a more patient entry. Engine's entry $31.49 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 2 days. Wait until post-earnings. Score 6.1/10, moderate confidence.
Passes 7/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 2d<=7d. Suitability: aggressive.
Recent developments
updated 2026-06-28Recent Developments — Progress Software Corporation
Latest news
- NEWS Do Progress Software’s (PRGS) Repeated Earnings Beats Reveal a Deeper Profitability Advantage? - simplywall.st — simplywall.st positive
- NEWS Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings - Benzinga — Benzinga positive
- NEWS Progress Software Corp (PRGS) Earnings Forecast: Future EPS & Revenue Growth Estimates - TradingKey — TradingKey neutral
- NEWS Progress Software Corp (PRGS) Technical Analysis: Support, Resistance, Indicators & Moving Averages - TradingKey — TradingKey neutral
- NEWS Progress Software Corp (PRGS) Valuation: PE, PB & Fair Value Analysis - TradingKey — TradingKey neutral
Generated 2026-06-29T23:53:57Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $31.49. BUY gates pass at $33.11, but leverage penalty (D/E 2.8): -1.5 argues for a more patient entry. Engine's entry $31.49 (5% below current) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: No clear chart pattern; technical signals are mixed. Earnings in 2 days. Wait until post-earnings. Target $44.22 (+33.6%), stop $29.29 (−13.0%), Setup A.R:R 5.8:1. Score 6.1/10, moderate confidence.
Take-profit target: $44.22 (+40.4% upside). Target $44.22 (+33.6%), stop $29.29 (−13.0%), Setup A.R:R 5.8:1. Stop-loss: $29.29.
Leverage penalty (D/E 2.8): -1.5.
Progress Software Corporation trades at a P/E of 17.0 (forward 5.5). TrendMatrix value score: 8.3/10. Verdict: Buy (Wait for Entry).
13 analysts cover PRGS with a consensus score of 4.4/5. Average price target: $51.
What does Progress Software Corporation do?Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence...
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; 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; and WhatsUp Gold, a network infrastructure monitoring software 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.