PRGS
Progress Software Corporation
PRGS has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over PRGS overall, supported by stronger fundamentals and stronger modeled upside.
PRGS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Under pressure |
PRGS's profitability and cash flow are currently strong, and its revenue is stable, but its balance sheet is under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
PRGS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.7x | $43.44 | — |
| Current | 20x | $43.44 | — |
| Cheap | 25x | $53.38 | +23% |
| Fair | 31x | $66.66 | +53% |
| Expensive | 38x | $81.69 | +88% |
Historical ranges are pointers, not guarantees.
PRGS's PE is in its cheap range at 20x. If earnings grow as analysts expect, today's price would be 6.7x next year's earnings.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK has the edge over PRGS in the historical PE scenario, which offers more potential upside but is not a forecast.
PRGS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PRGS, but weaker profitability.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
SNDK has the edge over PRGS on the outlook, with more favorable profitability expectations.
PRGS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.46 | +198% |
| Q3 2026 | $2.17 | +101% |
| Q2 2026 | $2.06 | +60% |
| Q1 2026 | $1.95 | +54% |
| Q4 2025 | $1.66 | +7.8% |
| Q3 2025 | $1.08 | -43% |
| Q2 2025 | $1.29 | -22% |
| Q1 2025 | $1.27 | -18% |
| Q4 2024 | $1.54 | -1.9% |
PRGS earned $2.17 per share over the past year, up 101% from the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over PRGS in the latest year-over-year earnings comparison.
PRGS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $246M | -1.5% |
| Q2 2026 | $253.5M | +6.8% |
| Q1 2026 | $247.8M | +4.1% |
| Q4 2025 | $252.7M | +18% |
| Q3 2025 | $249.8M | +40% |
| Q2 2025 | $237.4M | +36% |
| Q1 2025 | $238M | +29% |
| Q4 2024 | $215M | +21% |
PRGS's revenue is growing: $246M last quarter, down 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +1.4 points |
| Q2 2026 | 18% | +1.6 points |
| Q1 2026 | 19% | +5.1 points |
| Q4 2025 | 15% | +5.2 points |
| Q3 2025 | 18% | -5 points |
| Q2 2025 | 16% | +0.8 points |
| Q1 2025 | 14% | -5.3 points |
| Q4 2024 | 10% | -2.7 points |
PRGS's operating margin was 19% last quarter, up 1.4 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over PRGS on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over PRGS on profitability, with a higher operating margin.
PRGS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $86.3M | +19% |
| Q2 2026 | $77M | +161% |
| Q1 2026 | $95.9M | +42% |
| Q4 2025 | $59.9M | +257% |
| Q3 2025 | $72.4M | +28% |
| Q2 2025 | $29.5M | -53% |
| Q1 2025 | $67.7M | -3.6% |
| Q4 2024 | $16.8M | -45% |
PRGS has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
PRGS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2% | -832K shares |
| 1 year | -5.1% | -2.2M shares |
| 3 years | -7.8% | -3.5M shares |
| 5 years | -6.8% | -3M shares |
| Available history | -8.5% | -3.9M shares |
PRGS has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $16.9M |
| Q2 2026 | $34.7M |
| Q1 2026 | $20.4M |
| Q4 2025 | $40M |
| Q3 2025 | $15M |
| Q2 2025 | $20M |
| Q1 2025 | $30.1M |
| Q4 2024 | — |
PRGS spent $112M buying back its own shares over the past year, up 72% from the year before.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
PRGS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.5x | Elevated |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 5.9x | High |
| Q4 2024 | -0.5x | Net Cash |
PRGS's net debt is about 3.5 years of its operating earnings (EBITDA), about the same as a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over PRGS on leverage, with a lower net debt burden relative to earnings.
PRGS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 73.9 | Neutral |
PRGS's weekly RSI is 56 (neutral) and its Stochastic is 74 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
PRGS PE vs Technology Sector
| Metric | PRGS | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 28% below |
| PE % | 8 | 35 | 27 pts below |
PRGS is trading at 20x earnings, a 28% discount to the Technology sector's median of 28x.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK has the edge over PRGS on valuation relative to its sector.
PRGS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $41.9 | 3.7% above |
| 20 week MA | $41.5 | 4.7% above |
| 50 week MA | $37.8 | 15% above |
| 100 week MA | $45.5 | 4.5% below |
| 200 week MA | $51.1 | 15% below |
PRGS has stronger trend alignment. PRGS is above 3 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
PRGS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.7 | $44.2 | +6% |
| 2021 | $44.2 | $48.3 | +9.3% |
| 2022 | $48.3 | $50.5 | +4.4% |
| 2023 | $50.5 | $54.3 | +7.6% |
| 2024 | $54.3 | $65.5 | +21% |
| 2025 | $65.5 | $43.5 | -34% |
| 2026 YTD | $43.5 | $43.4 | -0.2% |
PRGS has finished higher in five of the last six years. It's roughly flat so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over PRGS on returns for 2026, with the stronger performance.