Key Drivers
- Very high gross
- Weak liquidity
- Excessive leverage
AIAI Summary
PRGS is no longer a pure SaaS growth story but a highly leveraged, cash‑generative company whose investment case now depends on converting strong ARR/100% NRR and AI feature adoption into predictable free cash flow and measurable ARPU uplift to rapidly de‑lever the balance sheet—failure to deliver sustained FCF conversion or a clear, time‑bound debt‑reduction plan would materially heighten refinancing, covenant and impairment risk.
Price Chart
Financial Metrics
Deep Analysis
Research tool. Not personalized advice.
Fundamental Analysis
Key Financial Insights:
- •Very high gross
- •Weak liquidity
- •Excessive leverage
PRGS delivers exceptional gross margins and solid free cash flow but is undermined by very high leverage, poor liquidity, and large intangible asset concentration.
Price Behavior
Key Price Behavior Insights:
- •Lower highs
- •Lower lows
- •Below SMA
PRGS has trended down over the last month from $40.33 to $31.29, trading ~16.5% below its last-month SMA near $37.5 with a series of lower highs/lows signaling momentum to the downside while $31 support and $40–$42 resistance are key levels to watch.
Sharp re-rating from $40.33 to $31.29 over the last month indicating accelerated downside
Sentiment & News
Key News Insights:
- •Volatile trading
- •Insider selling
- •Earnings risk
Progress Software has shown sharp volatility—rallying on estimate upgrades then falling to a 52‑week low after an insider sale—while facing near‑term event risk ahead of its FQ1 2026 earnings release and call on March 30, even as it advances STEM initiatives.
The March 30 earnings release and call are likely to be the primary catalyst for short‑term share movement, so monitor guidance and any further insider activity
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