PRGS NASDAQ
Credit Risk of going bust: higher than 72% of companies Debt: 40.1% of company value Bonds: $36.8M held by 38 funds → details ▾
If the stock fell to about $2.78 (down 94%), Progress Software Corporation would be worth roughly what it owes.
Total debt $1.27B against a stock market value of $1.89B.
Distance to default 3.25 (Merton model): prices to 2026-10-26, balance sheet 2026-08-31, debt counted $624.1M (short-term plus half of long-term), stock volatility 54.3%; Altman Z'' 0.74. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Burlington, MA 01803
US
Progress Software Corporation (PRGS) specializes in providing technology solutions that enable businesses to create, launch, and oversee their software applications. The company's extensive product suite includes: OpenEdge, a powerful development platform used to construct secure, multi-language applications that can be deployed across diverse platforms, devices, and cloud infrastructures. A comprehensive set of developer tools offering user interface (UI) components for building web, mobile, desktop, chat, and augmented/virtual reality (AR/VR) applications, alongside automated testing and reporting utilities. Sitefinity, which serves as a unified platform for managing web content and performing in-depth customer analytics. Corticon, a business rules management system designed to infuse applications with decision automation, efficient change processes, and valuable insights. DataDirect Connect, ensuring seamless data connectivity between applications running on various platforms through industry-standard interfaces. MOVEit, a solution facilitating secure collaboration and the automated transfer of vital business information. Chef, an infrastructure automation platform that aids in the building, deployment, management, and security of applications across multi-cloud, hybrid, and on-premises environments. WhatsUp Gold, a dedicated tool for network monitoring. Kemp LoadMaster, offering crucial load balancing solutions. Kemp Flowmon, providing network performance monitoring and diagnostic capabilities by gathering and analyzing network telemetry data from multiple sources. Beyond its software offerings, Progress also delivers a range of services such as project management, implementation support, custom development, programming, web application enablement, and specialized training. The company markets its products to a broad customer base, including direct end-users, independent software vendors (ISVs), original equipment manufacturers (OEMs), and system integrators. Progress Software operates globally, with a presence across the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific region. Founded in 1981, its corporate headquarters are located in Burlington, Massachusetts.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Jarrett Loren | S-Sale | 2,086 | $43.47 | 2026-10-21 |
| FOLGER ANTHONY | S-Sale | 1,700 | $40.09 | 2026-10-16 |
| FOLGER ANTHONY | S-Sale | 1,367 | $40.69 | 2026-10-16 |
| WANG YUFAN STEPHANIE | S-Sale | 1,245 | $37.00 | 2026-10-05 |
| WANG YUFAN STEPHANIE | M-Exempt | 1,038 | — | 2026-10-01 |