Progress Software Corp: The Quiet Powerhouse of Tech Stocks

Progress Software Corp: the tech giant quietly growing in the NASDAQ! Join our deep dive into PRGS's market trends. #StockAnalysis


7/11/20231 min read

Greetings, stock market enthusiasts! Strap yourselves in, we're zooming in on one stock that's been making quiet waves in the NASDAQ - Progress Software Corp (NASDAQ: PRGS).

Right off the bat, let's talk about the elephant in the room - PRGS is enjoying an uptrend in a market that's more bullish than a china shop owner. With an average of 15.4% EPS growth over the last three quarters, it's clear this stock doesn't believe in taking weekends off!

The figures tell a compelling tale of consistency. We see a 2% increase in the EPS from the last quarter and a forecasted 14% rise in the current one. The EPS growth is projected to be a solid 19% for the current year, and over the past three years, we're looking at a steady 15% annual EPS growth.

Sales are looking pretty lively too, with a 20% increase in the last quarter and a three-year growth rate of 16%. With a pre-tax margin and ROE standing at a robust 37.7% and 45.1% respectively, it's safe to say PRGS is flexing some serious muscle.

However, there's a bit of a dark cloud on the horizon. PRGS has a Debt/Equity ratio of 154%, a figure that could make even the most risk-loving investor gulp.

From a technical standpoint, the stock price currently stands at $56.68, 8% lower than its 52-week high, and 1% lower than its 50-day moving average. But, let's not forget that this company has a market cap of a whopping $2.5 billion!

So, as we bid adieu, remember that investing is a bit like gardening - you plant your seeds, you water them, but sometimes the weather just doesn't play along. Make sure you're prepared for all outcomes!