10 Cheap Software Stocks to Buy According to Analysts

4. Progress Software Corporation (NASDAQ:PRGS)

Forward P/E Ratio: 9.39

Analyst Upside: 34.60%

Progress Software Corporation (NASDAQ:PRGS) provides cloud-based security solutions to large and midsize enterprises in various sectors.

Progress Software Corporation (NASDAQ:PRGS) posted fourth-quarter profits above analyst forecasts, but shares slumped 5.5% in after-hours trade as the company’s guidance fell short of Wall Street predictions. The software company reported adjusted profits per share of $1.33 for the quarter, above analyst expectations of $1.21. Revenue also increased 21% YoY to $215 million, above estimates of $211.7 million.

However, Progress Software’s projection for the coming fiscal year disappointed investors. The company expects adjusted EPS for the full year 2025 to be $5.00-$5.12, much lower than the $5.62 projected by analysts. The first-quarter EPS forecast of $1.02-$1.08 also fell short of the $1.44 average target.