FKnol.com

Financial Knowledge & Information Portal

Progress Software (PRGS) Company Profile

Updated Jun 2, 2020
Progress Software has the following business profile:
Company's Full Name:Progress Software Corporation
Short Name:Progress Software
Trading Ticker Symbol:PRGS
Primary Exchange:NASDAQ
Headquarter City/Country:Massachusetts, MA
Primary Industry Sector:Technology
Seconday Sub-sector:Computer Software-Prepackaged Software
Main Business Areas: Technology, Computer Software-Prepackaged Software, Application Software, Software
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Progress Software stock

Market and Trading Information for Progress Software

The following details were available for trading and market data about the stock of Progress Software as of writing:
Current Share Price:$41.38
Previous Year's Closing Price:$41.55
Percentage Price Change (YTD):-0.41%
Market Cap:$1.85 billion
52-week Price Range:$28.09 - $52.5
Dividend Per Share:$0.64
EPS (TTM):0.83
Price-Earnings (Trailing):49.8
Price-Earnings (Forward):14.73

Company Profile and Business Description for Progress Software

Progress Software Corporation, incorporated on December 31, 1981, is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The Company's offerings span Web, mobile and data for on-premise and cloud environments. Its solutions are used across a range of industries. The Company operates in North America and Latin America (the Americas); Europe, the Middle East and Africa (EMEA), and the Asia Pacific region, through local subsidiaries, as well as independent distributors. The Company sells its products and solutions through its direct sales force and indirect channel partners. As of November 30, 2016, the Company sold its products and solutions to enterprises in over 180 countries. The Company distributes its products through systems integrators, resellers, distributors, and original equipment manufacturers (OEMs) partners in the United States and internationally.

The Company's global professional services organization delivers business solutions for customers through a combination of products, consulting and education. Its consulting organization offers project management, implementation services, custom development, programming and other services. Its consulting organization also provides services to Web-enable existing applications. Its education organization offers various training options, from traditional instructor-led courses to advanced learning modules available through the Web or on compact discs (CDs). Its services offerings include application modernization; data management, managed database services; performance enhancements and tuning, and analytics/business intelligence.

OpenEdge

The OpenEdge business segment provides product enhancements and marketing support to its partner base. The OpenEdge business segment is also focused on providing partners and direct end users with a path to develop and integrate cloud-based applications. The solutions within the OpenEdge Business Segment include Progress OpenEdge and Progress Corticon. Progress OpenEdge is development software for building multi-language applications for deployment across any platform, any device and any cloud. OpenEdge provides a unified environment consisting of development tools, application servers, application management tools, an embedded relational database management system, and the capability to connect and integrate with other applications and data sources independently or with other the Company's products. Progress Corticon is a Business Rules Management System (BRMS) that enables applications with decision automation, decision change process and decision-related insight capabilities. Corticon helps both business and information technology (IT) users to create or reuse business rules, as well as create, collaborate on and maintain decision logic. Corticon is a platform for automating and executing business rules.

Data Connectivity and Integration

The DCI segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within the DCI Business Segment include Progress DataDirect Connect and Progress DataDirect Cloud. Progress DataDirect Connect software provides data connectivity using interfaces to connect applications running on various platforms to various databases, for both corporate IT organizations and software vendors. With software components embedded in the products of over 350 software companies and in the applications of various enterprises, the DataDirect Connect product operated in the data connectivity market, as of November 30, 2016. The primary products, in addition to other drivers include Open Database Connectivity (ODBC) drivers, Java Database Connectivity (JDBC) drivers and ADO.NET providers.

Progress DataDirect Cloud is a software-as-a-service (SaaS) based connection management service. The DataDirect Cloud service executes structured query language (SQL) queries against the cloud data source, managing Application program interface's (API's) and versioning for the host application. In addition to integrating with its other cloud-based offerings, it provides the capability to connect and integrate with other applications and data sources independently.

Application Development and Deployment

The AppDev business segment is focused on generating customers for its application development assets. The solutions within the AppDev Business Segment include Dev Tools, NativeScript, Dev Cloud, Telerik Platform, Test Studio, Sitefinity and Progress Rollbase. Dev Tools is a cross-platform, user experience design, quality assurance, debugging and reporting suite for Web, mobile, desktop and Hyper Text Markup Language 5 (HTML5) applications. Utilizing Dev Tools enables developers to focus on business logic and not infrastructure. Included in Dev Tools are Fiddler and Kendo UI. NativeScript is an open-source application development platform that enables developers to use JavaScript to build cross-platform, native iPhone operating system (iOS) and Android applications. Dev Cloud is a cloud-based application design, deployment, hosting and testing suite featuring a hybrid application development environment, backend as a service, analytics and mobile testing.

The Telerik Platform is an application lifecycle solution that combines Dev Tools, Dev Cloud and Application lifecycle management (ALM) products into an integrated platform for mobile application development using any approach (Web, hybrid and native). Test Studio is an application lifecycle management suite for testing Web, mobile and desktop applications that covers the process from idea to deployment. Sitefinity is a Web content management and customer analytics platform for managing and optimizing digital experiences. Progress Rollbase is application development software that allows creation of SaaS business applications using point and click, and drag and drop tools in a Web browser with a minimal amount of code. Progress Rollbase applications can be deployed in any cloud or on-premise infrastructure.

The Company competes with salesforce.com, Inc., Amazon.com, Inc., Software AG, RedHat, Inc., Pivotal Software, Inc., Microsoft Corporation, Oracle Corporation and IBM Corporation.

14 Oak Park Dr

ETFs Holding Progress Software Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Progress Software stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Progress Software stock holding. There are a total of 77 ETFs in Fknol.com records which are holding Progress Software stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ESGVVanguard ESG US Stock ETFThe Vanguard ESG U.S. Stock ETF tracks a market-cap-weighted index of US companies screened for environmental, social, and corporate governance (ESG) criteria. ...Full Details0.12%988
Full List
Quarterly
EXTWisdomTree US Total Earnings ETFThe WisdomTree U.S. Total Earnings Fund tracks an index selected and weighted by earnings over the past four quarters. ...Full Details0.28%1233
Full List
Quarterly
FNDBSchwab Fundamental US Broad Market Index ETFThe Schwab Fundamental U.S. Broad Market Index ETF tracks a fundamentally selected and weighted Russell Index based on sales, cash flow and dividends/buybacks. ...Full Details0.25%1481
Full List
Quarterly
FTECFidelity MSCI Information Technology Index ETFThe Fidelity MSCI Information Technology Index ETF tracks a market-cap-weighted index of stocks in the broad US information technology sector. ...Full Details0.08%342
Full List
Quarterly
IETCiShares Evolved US Technology ETFThe iShares Evolved US Technology ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the technology sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details0.18%228
Full List
Annually
IGMiShares North American Tech ETFThe iShares North American Tech ETF tracks a market-cap-weighted index of US and Canadian technology companies. ...Full Details0.47%294
Full List
Quarterly
IGViShares North American Tech-Software ETFThe iShares S&P North American Technology-Software ETF tracks a market-cap-weighted index of US and Canadian software companies. ...Full Details0.47%65
Full List
Quarterly
ITOTiShares Core S&P Total US Stock Market ETFThe iShares Core S&P Total U.S. Stock Market ETF tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ...Full Details0.03%3090
Full List
Quarterly
IWViShares Russell 3000 ETFThe iShares Russell 3000 ETF tracks a cap-weighted index that measures the investable US equities market, covering the entire market-cap spectrum, including micro-caps. ...Full Details0.2%3002
Full List
Quarterly
MMTMSPDR S&P 1500 Momentum Tilt ETFThe SPDR S&P 1500 Momentum Tilt ETF tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months. ...Full Details0.12%1240
Full List
Quarterly

See Full List of ETFs holding Progress Software stock in their respective portfolios.

Peer / Competitor Companies of Computer Software-Prepackaged Software Sector

Along with Progress Software Corporation, the following other peer (competitor) companies also exist within the same Computer Software-Prepackaged Software - Technology sector whose company profile and dividend history is as follows:

▶ 2U (TWOU): 2U, Inc., incorporated on April 2, 2008, is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and ....See Detailed Company Profile,  Dividend History

▶ 3D (DDD): 3D Systems Corporation, incorporated on May 14, 1993, is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and ....See Detailed Company Profile,  Dividend History

▶ 9F Inc (JFU): 9F Inc. operates an online consumer finance platform that integrates and personalizes financial services in the People's Republic of China. It offers digital financial accounts; revolving and non-revolving loan products to borrowers, as well as traffic referral services to institutional funding partners; and a suite of online wealth management products, such as fixed income products, stocks, insurance,....See Detailed Company Profile,  Dividend History

▶ ACI Worldwide (ACIW): ACI Worldwide, Inc., incorporated on November 2, 1993, develops, markets, installs and supports a line of software products and services primarily focused on facilitating electronic payments. The Company also distributes ....See Detailed Company Profile,  Dividend History

▶ Activision Blizzard (ATVI): Activision Blizzard, Inc., incorporated on February 17, 2000, is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Adobe (ADBE): Adobe Systems Incorporated, incorporated on May 9, 1997, is a software company. The Company offers a line of products and services used by professionals, marketers, knowledge workers, application developers, enterprises ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Alarm.com (ALRM): Alarm.com Holdings, Inc. provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive sec....See Detailed Company Profile,  Dividend History

▶ American Software (AMSWA): American Software, Inc. (American Software), incorporated on May 21, 1970, develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions ....See Detailed Company Profile,  Dividend History

▶ ANSYS (ANSS): ANSYS, Inc. (ANSYS), incorporated on January 12, 1994, develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, ....See Detailed Company Profile,  Dividend History

▶ AppFolio (APPF): AppFolio, Inc., incorporated on September 22, 2006, is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Companys ....See Detailed Company Profile,  Dividend History

▶ Atlassian (TEAM): Atlassian Corporation Plc, incorporated on November 14, 2013, is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket ....See Detailed Company Profile,  Dividend History

▶ Autodesk (ADSK): Autodesk, Inc. (Autodesk), incorporated on May 10, 1994, is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in ....See Detailed Company Profile,  Dividend History

▶ Avid Technology (AVID): Avid Technology, Inc., incorporated on October 4, 1987, provides an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and ....See Detailed Company Profile,  Dividend History

▶ Aware (AWRE): Aware, Inc. provides software and services for the biometrics industry in the United States, the United Kingdom, Brazil, and internationally. It offers biometrics software products, including biometri....See Detailed Company Profile,  Dividend History

▶ Bazaarvoice (BV): BrightView Holdings, Inc. provides commercial landscaping services in the United States. It operates through two segments, Maintenance Services and Development Services. The Maintenance Services segme....See Detailed Company Profile,  Dividend History

▶ Benefitfocus (BNFT): Benefitfocus, Inc. (Benefitfocus), incorporated on March 12, 2013, is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and ....See Detailed Company Profile,  Dividend History

▶ Bill.Com (BILL): Bill.com Holdings, Inc. provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments products, which allow users to automate accounts payable and accounts receivable transactions, as well a....See Detailed Company Profile,  Dividend History

▶ Blackbaud (BLKB): Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entitie....See Detailed Company Profile,  Dividend History

▶ Bottomline (EPAY): Bottomline Technologies (de), Inc., incorporated on August 12, 1997, is engaged in providing a set of cloud-based business payment, digital banking, fraud prevention, payment and financial document solutions. The Company ....See Detailed Company Profile,  Dividend History

▶ Box (BOX): Box, Inc. provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device. The company's Software-as-a-S....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Computer Software-Prepackaged Software Sector.

Stock List of Other Technology Sub-sectors

▶ Stocks of Advertising Sector

▶ Stocks of Aerospace & Defense Sector

▶ Stocks of Application Software Sector

▶ Stocks of Auto Parts Sector

▶ Stocks of Business Services Sector

▶ Stocks of Communication Equipment Sector

▶ Stocks of Computer Communications Equipment Sector

▶ Stocks of Computer Hardware Sector

▶ Stocks of Computer Manufacturing Sector

▶ Stocks of Computer Peripheral Equipment Sector

▶ Stocks of Computer Software-Prepackaged Software Sector

▶ Stocks of Computer Software-Programming and Data Processing Sector

▶ Stocks of Consumer Electronics Sector

▶ Stocks of Credit Services Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of EDP Services Sector

▶ Stocks of Education & Training Services Sector

▶ Stocks of Electrical Products Sector

▶ Stocks of Electronic Components Sector

▶ Stocks of Electronic Gaming & Multimedia Sector

▶ Stocks of Entertainment Sector

▶ Stocks of Health Information Services Sector

▶ Stocks of Industrial Machinery and Components Sector

▶ Stocks of Information Technology Services Sector

▶ Stocks of Infrastructure Software Sector

▶ Stocks of Internet Content & Information Sector

▶ Stocks of Professional Services Sector

▶ Stocks of Radio TV Broadcasting Sector

▶ Stocks of Retail Computer Software and Equipment Sector

▶ Stocks of Scientific & Technical Instruments Sector

▶ Stocks of Security & Protection Services Sector

▶ Stocks of Semiconductor Equipment & Materials Sector

▶ Stocks of Semiconductors Sector

▶ Stocks of Software Sector

▶ Stocks of Solar Sector

▶ Stocks of Specialty Industrial Machinery Sector

▶ Stocks of Staffing & Employment Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Technology Services Sector

▶ Stocks of Telecommunications Equipment Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Discretionary Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Healthcare Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector