Progress Software (NASDAQ:PRGS) has outperformed the market over the past 20 years by 1.0% on an annualized basis producing an average annual return of 9.03%. Currently, Progress Software has a market capitalization of $2.16 billion.
Buying $100 In PRGS: If an investor had bought $100 of PRGS stock 20 years ago, it would be worth $532.18 today based on a price of $49.62 for PRGS at the time of writing.
Progress Software’s Performance Over Last 20 Years
Finally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
