PRGS Progress Software

Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.
Company profile
Ticker
PRGS
Exchange
Website
CEO
Philip Pead
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Activision Blizzard • BlackBerry • NortonLifeLock • Adobe • Vmware • Ceridian HCM Holding • McAfee • SolarWinds ...
SEC CIK
Corporate docs
IRS number
42746201
PRGS stock data
()
News
Progress Software Raises $316.1M Via Upsized Convertible Debt Offering
9 Apr 21
Progress Software Says Provides Day-Zero Support For WinUI 3
1 Apr 21
A Look Into Progress Software's Debt
26 Mar 21
A Peek Into The Markets: US Stock Futures Gain Ahead Of Economic Reports
26 Mar 21
5 Stocks To Watch For March 26, 2021
26 Mar 21
Press releases
Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering
8 Apr 21
Progress Software Announces Proposed Convertible Senior Notes Offering
7 Apr 21
Progress Global Hackathon Challenges Developers to Build Apps to Make the World a Better Place
7 Apr 21
Progress Provides Day-Zero Support for WinUI 3
1 Apr 21
Progress Publishes 2020 Corporate Social Responsibility Report
30 Mar 21
Calendar
5 Apr 21
17 Apr 21
30 Nov 21
Financial summary
Quarter (USD) |
Feb 21 | Nov 20 | Aug 20 | May 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Nov 20 | Nov 19 | Nov 18 | Nov 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 107.7M | 107.7M | 107.7M | 107.7M | 107.7M | 107.7M |
Cash burn (monthly) | (positive/no burn) | 4.45M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
Cash used (since last report) | n/a | 7.39M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 100.31M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 22.5 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 21 | Jeremy Segal | Common Stock | Payment of exercise | Dispose F | No | No | 44.3543 | 523 | 23.2K | 761 |
1 Apr 21 | Jeremy Segal | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,284 | 0 | 1,284 |
1 Apr 21 | Jeremy Segal | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,284 | 0 | 6,421 |
1 Apr 21 | Murphy Anthony | Common Stock | Payment of exercise | Dispose F | No | No | 44.3543 | 102 | 4.52K | 6,623 |
1 Apr 21 | Murphy Anthony | Common Stock | Option exercise | Aquire M | No | No | 0 | 265 | 0 | 6,725 |
1 Apr 21 | Murphy Anthony | Common Stock | Payment of exercise | Dispose F | No | No | 44.3543 | 139 | 6.17K | 6,460 |
1 Apr 21 | Murphy Anthony | Common Stock | Option exercise | Aquire M | No | No | 0 | 360 | 0 | 6,599 |
1 Apr 21 | Murphy Anthony | Common Stock | Payment of exercise | Dispose F | No | No | 44.3543 | 95 | 4.21K | 6,239 |
1 Apr 21 | Murphy Anthony | Common Stock | Option exercise | Aquire M | No | No | 0 | 247 | 0 | 6,334 |
1 Apr 21 | Murphy Anthony | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 265 | 0 | 1,061 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
94.9% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 216 |
Opened positions | 20 |
Closed positions | 20 |
Increased positions | 71 |
Reduced positions | 89 |
13F shares |
Current |
---|---|
Total value | 1.89B |
Total shares | 41.77M |
Total puts | 24.6K |
Total calls | 74.1K |
Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 7.3M | $329.83M |
Vanguard | 4.84M | $218.62M |
Renaissance Technologies | 2.37M | $107.15M |
Segall Bryant & Hamill | 1.57M | $70.79M |
Dimensional Fund Advisors | 1.53M | $69.06M |
STT State Street | 1.45M | $65.47M |
Acadian Asset Management | 1.26M | $57.1M |
BK Bank Of New York Mellon | 1.26M | $56.84M |
Boston Trust Walden | 1.12M | $50.57M |
Fuller & Thaler Asset Management | 976.19K | $44.11M |
Financial report summary
?Management Discussion
- Total revenue increased compared to the same quarter last year primarily due to our acquisition of Chef in the fourth quarter of fiscal year 2020, as well as increases in our OpenEdge and Ipswitch product lines. Chef revenue was $12.0 million in our first fiscal quarter of 2021. These increases were offset by lower license revenue in our Data Connectivity and Integration segment.
- Software license revenue increased compared to the same period last year primarily due to our acquisition of Chef and increases in license sales in our OpenEdge segment, partially offset by a decrease in license sales in our Data Connectivity and Integration segment. Refer to the Revenue by Segment section below for further discussion.
- Maintenance and services revenue both increased compared to the same quarter last year primarily due to our acquisition of Chef and increased maintenance revenue from our OpenEdge segment.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Good
|
New words:
accessible, adherence, alike, ARR, arrive, attack, binding, broad, bundling, card, catastrophic, civil, cohort, commercial, concept, creation, criminal, critical, cycle, debarment, deep, delivery, disaster, divide, durable, earthquake, eventuality, exacerbated, expansion, fire, flood, Fortune, gift, group, illustrate, indirectly, infiltration, ISV, lengthy, liberal, magnitude, Merger, metric, mitigating, monthly, MRR, multiplying, NaN, point, procurement, putting, recovery, redistribute, reliability, removing, residency, revised, stability, stable, stack, suspension, telecommunication, thereof, top, trailing, trusted, tsunami, unclear, unpredictable, usage, viewed, violation, war, weather, website
Removed:
accurate, adaptive, advanced, app, applying, assessed, automated, bribery, building, capability, collaboration, collateralized, comparing, connect, corrected, database, DataRPM, delivering, deploying, designation, determinable, dev, device, digital, earlier, effort, eliminate, eliminating, embedded, encountered, evaluating, exceed, excluding, exit, facilitate, facing, fraction, front, fully, function, Greene, hindsight, implicit, inception, jurisdiction, Kinvey, leading, logic, minimum, monitoring, nonfinancial, noted, outplacement, overstated, permitted, personalized, powerful, previously, primary, prohibiting, properly, qualifying, recording, refine, registered, relational, represent, Roger, Seller, separate, serve, sharing, simplify, Simplifying, small, spending, Step, touchpoint, treat, treatment, UI, unified, unit, upgrading, user, utilize, vehicle, web, workflow
Financial reports
10-Q
2021 Q1
Quarterly report
5 Apr 21
10-K/A
2020 FY
Annual report (amended)
29 Mar 21
10-K
2020 FY
Annual report
27 Jan 21
10-Q
2020 Q3
Quarterly report
8 Oct 20
10-Q
2020 Q2
Quarterly report
8 Jul 20
10-Q
2020 Q1
Quarterly report
7 Apr 20
10-K/A
2019 FY
Annual report (amended)
31 Mar 20
10-K
2019 FY
Annual report
27 Jan 20
10-Q
2019 Q3
Quarterly report
7 Oct 19
10-Q
2019 Q2
Quarterly report
9 Jul 19
Current reports
8-K
Entry into a Material Definitive Agreement
13 Apr 21
8-K
Progress Software Announces Upsize and Pricing of Convertible Senior Notes Offering
9 Apr 21
8-K
Other Events
7 Apr 21
8-K
Progress Announces First Quarter 2021 Financial Results
25 Mar 21
8-K
Progress Reports 2020 Fiscal Fourth Quarter and Year End Results
14 Jan 21
8-K
Completion of Acquisition or Disposition of Assets
7 Oct 20
8-K
Progress Announces Third Quarter 2020 Financial Results
29 Sep 20
8-K
Progress Announces Acquisition of Chef
9 Sep 20
8-K
Progress Announces Preliminary Fiscal Third Quarter 2020 Financial Results and Updated Full Year 2020 Guidance
8 Sep 20
8-K
Results of Operations and Financial Condition
25 Jun 20
Registration and prospectus
S-8
Registration of securities for employees
27 Jan 20
S-8
Registration of securities for employees
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 08
S-8
Registration of securities for employees
20 Sep 07
SC TO-I/A
Issuer tender offer statement (amended)
17 Apr 07
SC TO-I/A
Issuer tender offer statement (amended)
4 Apr 07
SC TO-I/A
Issuer tender offer statement (amended)
28 Mar 07
SC TO-I/A
Issuer tender offer statement (amended)
21 Mar 07
Proxies
DEF 14A
Definitive proxy
14 Apr 21
DEFA14A
Additional proxy soliciting materials
15 Apr 20
DEFA14A
Additional proxy soliciting materials
31 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
6 May 19
DEF 14A
Definitive proxy
29 Mar 19
DEFA14A
Additional proxy soliciting materials
14 May 18
DEF 14A
Definitive proxy
16 Apr 18
DEF 14A
Definitive proxy
11 May 17
DEF 14A
Definitive proxy
14 Apr 16
Other
UPLOAD
Letter from SEC
2 Jul 13
CORRESP
Correspondence with SEC
3 Apr 13
UPLOAD
Letter from SEC
20 Mar 13
UPLOAD
Letter from SEC
7 Jun 12
UPLOAD
Letter from SEC
7 Jun 12
UPLOAD
Letter from SEC
25 Apr 12
UPLOAD
Letter from SEC
24 Apr 12
CORRESP
Correspondence with SEC
16 Apr 12
UPLOAD
Letter from SEC
16 Apr 12
UPLOAD
Letter from SEC
12 Apr 12
Ownership
4
PROGRESS SOFTWARE / STEPHEN H FABERMAN ownership change
5 Apr 21
4
PROGRESS SOFTWARE / ANTHONY FOLGER ownership change
5 Apr 21
4
PROGRESS SOFTWARE / Yogesh K Gupta ownership change
5 Apr 21
4
PROGRESS SOFTWARE / Kathryn Kulikoski ownership change
5 Apr 21
4
PROGRESS SOFTWARE / Loren Jarrett ownership change
5 Apr 21
4
PROGRESS SOFTWARE / GARY QUINN ownership change
5 Apr 21
4
PROGRESS SOFTWARE / John Ainsworth ownership change
5 Apr 21
4
PROGRESS SOFTWARE / Anthony Murphy ownership change
5 Apr 21
4
PROGRESS SOFTWARE / JEREMY SEGAL ownership change
5 Apr 21
4
PROGRESS SOFTWARE / Loren Jarrett ownership change
17 Feb 21
Patents
APP
Utility
System and Interfaces for Entity Management
16 Dec 20
A management interface is provided that allows for more capability to view and create indications of such complex relationships between entities.
GRANT
Utility
Query system
25 May 20
A system and method for efficient query processing using a real index of a queried table are described.
GRANT
Utility
Methods and system for providing real-time business intelligence using natural language queries
18 May 20
The methods and systems for providing real-time business intelligence using national language queries facilitate a user to search within a data warehouse using a natural language question.
GRANT
Utility
On-premises data access and firewall tunneling
13 Apr 20
A system and method for tunneling through a network separation device such as a firewall or a Network Address Translator including a first server receiving an access request from a client device to communicate with a host device, where the host device is behind the network separation device.
GRANT
Utility
Data access and firewall tunneling using a custom socket factory
6 Apr 20
A method of tunneling through a network separation device such as a firewall or a Network Address Translator comprising establishing via a custom socket factory coupled with a host device, a connection with a cloud server by tunneling through a network separation device; maintaining, via the custom socket factory, the connection with the cloud server through the network separation device; receiving, via the connection between the custom socket factory and the cloud server, connection information; and directly connecting, via the custom socket factory, to a client device using the connection information received from the cloud server.
Transcripts
2020 Q4
Earnings call transcript
26 Mar 21
2020 Q4
Earnings call transcript
15 Jan 21
2020 Q3
Earnings call transcript
29 Sep 20
2020 Q2
Earnings call transcript
25 Jun 20
2020 Q1
Earnings call transcript
26 Mar 20
2019 Q4
Earnings call transcript
16 Jan 20
2019 Q3
Earnings call transcript
26 Sep 19
2019 Q2
Earnings call transcript
27 Jun 19
2019 Q1
Earnings call transcript
28 Mar 19
2018 Q4
Earnings call transcript
17 Jan 19
Reddit threads
(3/26) Friday's Pre-Market Stock Movers & News
26 Mar 21
(3/26) Friday's Pre-Market Stock Movers & News
26 Mar 21
Daily Discussion Thread - March 25th, 2021
25 Mar 21
Daily Discussion Thread - March 24th, 2021
24 Mar 21
Daily Discussion Thread - March 23rd, 2021
23 Mar 21
Daily Discussion Thread - March 22nd, 2021
22 Mar 21
Daily Discussion Thread - February 26th, 2021
26 Feb 21
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - January 14th, 2021
14 Jan 21