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Last $27.19 USD
Change Today +0.62 / 2.33%
Volume 139.8K
PRGS On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

progress software corp (PRGS) Snapshot

Open
$26.69
Previous Close
$26.57
Day High
$27.19
Day Low
$26.66
52 Week High
03/24/15 - $27.80
52 Week Low
06/5/14 - $20.92
Market Cap
1.4B
Average Volume 10 Days
174.0K
EPS TTM
$0.90
Shares Outstanding
50.6M
EX-Date
--
P/E TM
30.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PROGRESS SOFTWARE CORP (PRGS)

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progress software corp (PRGS) Details

Progress Software Corporation provides software solutions for various industries worldwide. It offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across any platform, mobile device, and cloud; Progress Corticon, a business rules management system that enables applications with decision automation, decision change process, and decision-related insight capabilities; Progress DataDirect Connect software that offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software as a service (SaaS)-based connection management service that simplifies SQL access to a spectrum of cloud-based data sources through a single standards-based interface. The company also provides Progress Pacific, a platform-as-a-service, which enables creation and deployment of data-driven business applications with minimal coding by using point-and-click and drag-and-drop tools in a Web browser; Progress Rollbase, which allows creation of SaaS business applications using point and click, and drag and drop tools in a Web browser; Modulus, a control platform for running Node.js applications; and Telerik Dev Tools, a cross-platform for next generation Web, mobile, desktop, and HTML5 applications. In addition, it offers Telerik Dev Cloud, a cloud-based application for design, deployment, hosting, and testing; Telerik Platform, an end-to-end application lifecycle solution; Telerik ALM, an application lifecycle management suite; and Telerik Sifefinity, a next-generation Web content management and customer analytics platform. Further, the company provides application development, consulting, training, and customer support services. It sells its products directly to end-users, as well as indirectly to application partners, original equipment manufacturers, and system integrators. The company was founded in 1981 and is headquartered in Bedford, Massachusetts.

1,075 Employees
Last Reported Date: 01/29/15
Founded in 1981

progress software corp (PRGS) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $650.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $375.0K
President of Application Development & Deploy...
Total Annual Compensation: $330.0K
Senior Vice President of Global Field Operati...
Total Annual Compensation: $270.6K
Senior Vice President of Strategy and Corpora...
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2014.

progress software corp (PRGS) Key Developments

Progress Releases New DataDirect Drivers for MongoDB and SparkSQL

Progress announced the release of two new drivers for its DataDirect enterprise data connectivity suite. The new drivers for MongoDB and SparkSQL add to an already robust portfolio of drivers to better enable integration and support of more than 200 of the most popular data sources. With the two new drivers, enterprise IT architects can build applications that can connect using standard ODBC, JDBC, ADO.Net and OData interfaces using standard SQL queries. The drivers take data in MongoDB and SparkSQL and present it as relational data, so any application can read the data easily as if it were relational in nature. The new drivers also offer increased performance, provide for better memory utilization for larger datasets and enable a more intuitive user experience than competitive offerings and are backed by Progress’s world wide support and services organization. In addition, the new DataDirect drivers: Provide natural relational views for SQL-based applications. Optimize performance for any application, without compromising functionality. Enable users to query, sort and/or aggregate all data stored in arrays via SQL. Normalize schema-less MongoDB data into relational views. Maximize MongoDB performance via optimized joins across tables. In addition to MongoDB and SparkSQL, Progress offers DataDirect drivers for a variety of big data sources including Cassandra, Impala, SAP HANA, and Apache Hive, as well as commercial distributions of Hive from Amazon, Cloudera, Hortonworks, MapR and Pivotal. This is on top of Progress’s unmatched DataDirect relational and SaaS application adapters that include: Salesforce Lightning Connect, SalesForce.com, Database.com, Force.com, Hubspot, Marketo, Eloqua, Oracle Service Cloud, ServiceMax, Oracle, Microsoft SQL Server, MySQL, Progress® OpenEdge®, Progress® Rollbase and many more. The two new drivers are now available.

Progress Announces Multiple Language Support for Modulus Platform

Progress Software Corporation has announced that Modulus, its Node.js platform as a service, or PaaS, now supports multiple application languages utilizing Docker, reportedly delivering a complete app deployment platform for the whole enterprise. Organizations that have come to rely on the Modulus platform for their Node.js support now have a single dedicated, secure and compliance-ready environment to deploy, scale and monitor all their applications. With the addition of multiple language support via Docker, the wildly popular open Modulus platform to build, ship and run distributed applications can better enable enterprise developers to use one platform to manage multiple development projects globally. The Modulus platform now extends proven capabilities such as auto scaling, load balancing, dedicated, secure environments and a compliance-ready platform to other programming languages. Enterprises need to have applications supported by multiple platforms. The ability to integrate on-premises information systems and cloud-based services is vital for long term growth. Progress has built on the Node.js heritage of the Modulus platform to provide a truly complete app deployment platform for the enterprise. With this release, Progress has also made it easy to expand the Modulus platform with additional functionality and supports the build processes in addition to straight deployment. Progress also announced recently that Modulus platform users who are deploying in Asia-Pacific can take advantage of the cloud infrastructure of leading hosting provider DigitalOcean, further solidifying the global presence of the Modulus platform.

Progress Announces Telerik Platform for Mobile Application Development in the Enterprise

Progress Software Corporation announced the latest release of Telerik Platform [2], the cross-platform mobile application development solution for creating mobile web, native and hybrid apps quickly and easily. With the latest release, Telerik Platform includes key enterprise elements to better enable low code development options for both the developer and technical business user; enterprise mBaaS for simplified data integrations and synchronization; and a native development framework to provide complete development flexibility. Enterprises now have an effective and easy-to-use solution (on-premise or in the cloud) that leverages existing developer skills, coupled with device-agnostic support, security, reliability, scalability and flexibility. All of this comes from a trusted technology source backed by a company with a 30-year history of customer and partner success. New components in Telerik Platform include: Screen Builder: low code development for developers and technical business users to work hand-in-hand on mobile development efforts. Users of all development skillsets can create and configure screens visually from a set of pre-defined templates, as well as easily and securely connect to enterprise data without the need to write custom code. With Screen Builder, users can generate functional hybrid and native mobile apps quickly. In addition, applications can be modified and extended at any time through an integration with Telerik AppBuilder; AppManager LiveSync: enables enterprises to release updates to in-production applications without going through app store approval. Users now get immediate updates, features and fixes in real-time without disruption. AppManager LiveSync works with applications deployed to the iOS, Google Play and Windows stores; AppFeedback: provides real-time user analytics and integrates user feedback directly into the development workflows within Telerik Platform. It offers custom user reports and dashboards to ensure IT and development managers are getting the right level of information when and how they need it.

 

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Industry Analysis

PRGS

Industry Average

Valuation PRGS Industry Range
Price/Earnings 36.3x
Price/Sales 4.0x
Price/Book 2.5x
Price/Cash Flow 27.9x
TEV/Sales 2.9x
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