Progress Software Corporation (PRGS)
Progress Software Corporation is a leading provider of software solutions that facilitate the development, deployment, and management of enterprise applications. Headquartered in Bedford, Massachusetts, the company specializes in providing tools for application development and data connectivity, helping organizations enhance their operational efficiency and drive digital transformation. With a robust portfolio that includes capabilities in data integration, application development, and API management, Progress Software is well-positioned to support businesses in navigating the complexities of modern technology landscapes.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 33.62% per annum.
- PRGS price at the close of October 14, 2025 was $46.29 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.82% per annum.
- PRGS price at the close of October 14, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PRGS price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 25, 2024
End date: October 14, 2025
a = 5.8726
b = -0.0011
s = 0.0856
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -33.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0856) – 1
= 40.84%
September 25, 2024 calculations
Top border of price channel:
Exp(Y991)
= Exp(a + b × X991 + 2 × s)
= Exp(a + b × 1,441 + 2 × s)
= Exp(5.8726 + -0.0011 × 1,441 + 2 × 0.0856)
= Exp(4.4261)
= $83.60
Bottom border of price channel:
Exp(Y991)
= Exp(a + b × X991 – 2 × s)
= Exp(a + b × 1,441 – 2 × s)
= Exp(5.8726 + -0.0011 × 1,441 – 2 × 0.0856)
= Exp(4.0836)
= $59.36
October 14, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.8726 + -0.0011 × 1,825 + 2 × 0.0856)
= Exp(3.9950)
= $54.32
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.8726 + -0.0011 × 1,825 – 2 × 0.0856)
= Exp(3.6525)
= $38.57
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 33.62% per annum.
- PRGS price at the close of October 14, 2025 was $46.29 and was inside the primary price channel.
Secondary Trend
Start date: May 2, 2025
End date: October 14, 2025
a = 9.0634
b = -0.0029
s = 0.0715
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0029) – 1
= -65.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0715) – 1
= 33.11%
May 2, 2025 calculations
Top border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 + 2 × s)
= Exp(a + b × 1,660 + 2 × s)
= Exp(9.0634 + -0.0029 × 1,660 + 2 × 0.0715)
= Exp(4.3244)
= $75.52
Bottom border of price channel:
Exp(Y1,141)
= Exp(a + b × X1,141 – 2 × s)
= Exp(a + b × 1,660 – 2 × s)
= Exp(9.0634 + -0.0029 × 1,660 – 2 × 0.0715)
= Exp(4.0384)
= $56.74
October 14, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(9.0634 + -0.0029 × 1,825 + 2 × 0.0715)
= Exp(3.8392)
= $46.49
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.0634 + -0.0029 × 1,825 – 2 × 0.0715)
= Exp(3.5532)
= $34.92
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 65.82% per annum.
- PRGS price at the close of October 14, 2025 was inside the secondary price channel.