Added to YB: 2026-02-23
Pitch date: 2025-12-08
PRGS [bearish]
Progress Software Corporation
+8.09%
current return
Author Info
No bio for this author
Company Info
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally.
Market Cap
$1.5B
Pitch Price
$43.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.46
P/E
21.57
EV/Sales
2.91
Sector
Software
Category
N/A
Progress Software Corporation - $PRGS (short)
PRGS (short): SaaS roll-up at 8x P/E masking weakness. Stopped reporting organic ARR growth (est <1% vs 3-5% 'pro forma'); ShareFile decelerating (6%→4% growth, 1st sequential decline). Red flags: SBC jumped to 30% of CFO post guide-down, lengthening unbilled receivables, rising credit losses, insider selling, falling deferred rev. Laps largest acquisition next Q, exposing true organic profile.
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