TIBCO Software Target of Unusually Large Options Trading (TIBX)
Shares of TIBCO Software (NASDAQ:TIBX) saw some unusual options trading on Friday. Stock investors bought 8,566 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 669% compared to the typical volume of 1,114 put options.
A number of analysts have recently weighed in on TIBX shares. Analysts at Janney Montgomery Scott upgraded shares of TIBCO Software (NASDAQ:TIBX) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock, up previously from $21.00. Separately, analysts at Wedbush reiterated an “outperform” rating on shares of TIBCO Software (NASDAQ:TIBX) in a research note to investors on Friday, July 12th. They now have a $28.00 price target on the stock, up previously from $25.00. Finally, analysts at Pacific Crest raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $24.00 to $25.00 in a research note to investors on Monday, June 24th.
Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.11.
Shares of TIBCO Software (NASDAQ:TIBX) traded up 0.78% on Friday, hitting $24.61. The stock had a trading volume of 2,465,902 shares. TIBCO Software has a one year low of $18.18 and a one year high of $31.82. The stock has a 50-day moving average of $23. and a 200-day moving average of $21.93. The company has a market cap of $3.959 billion and a P/E ratio of 44.32.
TIBCO Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.18 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.18. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $246.55 million. During the same quarter last year, the company posted $0.26 earnings per share. TIBCO Software’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that TIBCO Software will post $0.98 earnings per share for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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