PRGS

Progress SoftwareA

Nasdaq / Software & Services

At close

2026-07-18

Current thesis

The Q2 beat, raised FY2026 outlook, 40% non-GAAP operating margin, strong cash flow, and debt reduction support constructive sentiment. Management cited broad demand and AI-powered offerings as key drivers [#SEC-8K-2026-06-30].

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.2.

What can break

ARR growth may remain near 2% and fail to accelerate despite AI demand.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $48.50 · Bull $56.00 · Bear $34.00

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-07-19 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade A · Constructive

Confidence Medium · Net Neutral

Target $51.80

Why

Momentum88 · Δ7d +2.9

Value68 · Δ7d -0.2

Sentiment51 · Δ7d -16.0

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+2.9

Δ21d

+47.6

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.2

Δ21d

-0.6

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-16.0

Δ21d

Why this grade

Composite grade A. Momentum 88.2 / Value 68.5 / Sentiment 51.2

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$1.66B

Beta

0.59

Shares Out

41.01M

P/E (TTM)

37.0

P/S (TTM)

1.86

P/FCF (TTM)

9.81

Rev YoY

+4.1%

EPS YoY

+118.9%

Gross Margin

+70.7%

Op Margin

+14.5%

Net Debt

$1.34B

Current Ratio

0.47

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology