Progress Software Corporation (PRGS)

19.22 -0.01  -0.05%  May 31, 8:00PM Go Pro
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Progress Software Corporation Beneish M-Score: -2.884

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PRGS Beneish M-Score Rankings

Overall 69th percentile 1135 of 3771
Sector 75th percentile 194 of 785 in Technology
Industry 81st percentile 15 of 81 in Application Software

PRGS Beneish M-Score Range, Past 5 Years

Minimum -2.884 Nov 2011
Maximum -2.422 Aug 2007
Average -2.630

About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

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PRGS News

China's Citic in algorithmic trading deal
May 14, 6:18PM Financial Times
$PRGS Upside Blowoff - 15 Minute Down Reversal - Red bar after 7 green bars
about 37 days ago by TradeIdeasQuant
Progress Software announces $55M of cost reductions
Apr 25, 7:05AM theflyonthewall.com
AOL Shares Soar on Patent Deal With Microsoft
Apr 09, 12:20PM New York Times
Chambers warned on slow down in govt contracts...avoid software co's w lg govt exposure...$TYL $RVBD $PEGA $INFA $TIBX $VMW $ORCL $PRGS
about 58 days ago by TJAnderson
Tibco Software Earnings, Revenue Edge Expectations
Mar 29, 6:24PM Investor's Business Daily
$PRGS amended latest Annual Report http://stks.co/38wo
about 63 days ago by MarketBrief
Notable Earnings Gappers Up = $ZZ, $RBN, $CMC, $AUQ, $PRGS, $PVH
about 65 days ago by 1973Hog
Listen to $PRGS Q1 2012 earnings call - live at 09:00 AM, ondemand after - http://stks.co/3752
about 65 days ago by earningscast
Progress Software Earnings Preview
Mar 26, 11:41AM Fool
$PRGS bull flag http://chart.ly/hkfe9hb
about 101 days ago by Contrarius
$PRGS filed latest Annual Report http://stks.co/29g4
about 122 days ago by MarketBrief
$PRGS Starboard Value Discloses 5.1% Stake; Delivers Letter to CEO and Board Saying Company Deeply Undervalued
about 129 days ago by Benzinga
$PRGS Insider Buy: $516K of stock bought by Philip Pead (Director) on January 11, 2012 http://stks.co/1vcz
about 139 days ago by MarketBrief
PROGRESS SOFTWARE CORP $PRGS in at $17.45
about 149 days ago by stockpicker63
$PRGS Volume Alert - Currently at 5 x average daily volume.
about 149 days ago by TradeIdeasQuant
$PRGS sold at 17.5 (+ 0.38)
about 149 days ago by ltpp
$PRGS bougt at 17.12
about 149 days ago by ltpp
$PRGS wow despite good earnings
about 149 days ago by Beastified
$PRGS is set to gap down ~6% on earnings A break of $ 18.40 portends a retest of the $ 17 area http://stks.co/1lST
about 149 days ago by 1973Hog
Listen to $PRGS Q4 2011 earnings call - live at 09:00 AM, ondemand after - http://stks.co/1lP2
about 149 days ago by earningscast
$PRGS shares down 7-8% AH: Q4 EPS 34c, beats by 1c, sales $136M, also beat; BUT sees Q1 EPS 25c, vs. cons. 33c, sales $120M, vs. cons. $132M
about 149 days ago by Street_Insider
$PRGS Reports Q4 EPS $0.34 vs $0.33 Est; Revenues $136.63M vs $133.54 Est
about 149 days ago by Benzinga
Early Bird Report: Watchlist/worksheet/3 Trading Ideas: $VRTX $PRGS $WINN http://stks.co/1Ylz
about 169 days ago by TheEquitiesRoom
$PRGS http://stks.co/1Ygp Broke down out of range yest. Closed on last MA support (100/20d). Little support til 19.50/18.50
about 169 days ago by TER_Intraday
$PRGS Acquires Corticon; Terms Not Disclosed
about 179 days ago by Benzinga
$PRGS Insider Sale: $2.5M of stock sold by Richard Reidy (Director President And Ceo.) on October 27, 2011 http://stks.co/tLf
about 213 days ago by MarketBrief
$PRGS Insider Sale: $1.7M of stock sold between October 18, 2011 - October 19, 2011 http://stks.co/iS0
about 225 days ago by MarketBrief
$PRGS Insider Sale: $5.2M of stock sold between October 7, 2011 - October 11, 2011 http://stks.co/b8b
about 232 days ago by MarketBrief

Recent Quotes

Symbol Price Chg Chg % Market Cap
PRGS 19.22 -0.01 -0.05% 1.192B
PRGO 103.89 -0.74 -0.71% 9.762B
PRGN 0.58 +0.00 +0.00% 34.72M
PNR 40.76 -0.10 -0.24% 4.030B
PNQI 37.80 -0.18 -0.47%
PNNT 9.75 +0.11 +1.14% 528.85M
PNM 18.65 +0.13 +0.70% 1.475B
PNFP 17.06 +0.01 +0.06% 590.27M
PNF 12.05 -0.03 -0.25%
PNC 61.42 +0.07 +0.11% 32.37B
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