Investors Purchase Large Volume of Call Options on TIBCO Software (TIBX)
Shares of TIBCO Software (NASDAQ:TIBX) saw unusually large options trading on Thursday. Traders acquired 41,474 call options on the company, Analyst Ratings.Net reports. This is an increase of 775% compared to the average daily volume of 4,740 call options.
Several analysts have recently commented on the stock. 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. Separately, 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 investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. TIBCO Software has an average rating of “Buy” and a consensus target price of $26.33.
TIBCO Software (NASDAQ:TIBX) traded up 2.64% on Thursday, hitting $25.25. The stock had a trading volume of 9,312,656 shares. TIBCO Software has a one year low of $18.18 and a one year high of $31.57. The stock has a 50-day moving average of $23.76 and a 200-day moving average of $22.02. The company has a market cap of $4.062 billion and a P/E ratio of 44.65.
TIBCO Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.06. The company had revenue of $270.90 million for the quarter, compared to the consensus estimate of $258.21 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that TIBCO Software will post $0.98 EPS for the current fiscal year.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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