Added to YB: 2026-06-17
Pitch date: 2026-06-13
PRGS [neutral]
Progress Software Corporation
-0.1%
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
$1.3B
Pitch Price
$31.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.53
P/E
15.87
EV/Sales
2.60
Sector
Software
Category
value
The risk-free bond pays 4.48%. I analyze three small-cap SaaS that appear to offer better returns. - Progress Software Corporation
PRGS (pass): SaaS roll-up at 8.2x EV/EBITDA, 19.6% FCF yield (4.4x risk-free), 41% op margin, 22% non-GAAP EPS growth. But classic value trap: organic ARR +2% cc, margins from M&A not efficiency, SBC +26% dilutes, 4x net debt/EBITDA risky for buybacks. Fails Rule of 40 (29%) & NRR (99%).
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