TIBCO Software (TIBX) to Release Quarterly Earnings on Thursday
TIBCO Software (NASDAQ:TIBX) is scheduled to announce its Q3 2013 earnings results after the market closes on Thursday, September 19th.
TIBCO Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect TIBCO Software to post $0.98 EPS for the current fiscal year and $1.20 EPS for the next fiscal year.
Shares of TIBCO Software (NASDAQ:TIBX) opened at 24.39 on Wednesday. TIBCO Software has a one year low of $18.18 and a one year high of $31.57. The stock’s 50-day moving average is $23.77 and its 200-day moving average is $22.00. The company has a market cap of $3.924 billion and a P/E ratio of 44.34.
TIBX has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $21.00 to $25.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. On a related note, 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, September 10th. They now have a $28.00 price target on the stock, up previously from $21.00. Finally, 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.
Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. TIBCO Software currently has a consensus rating of “Buy” and a consensus target price of $26.33.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.