TIBCO Software (TIBX) Posts Quarterly Results
TIBCO Software (NASDAQ:TIBX) announced its earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06, AR Network reports. 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.
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 the ratings front, 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.33.
Shares of TIBCO Software (NASDAQ:TIBX) traded up 2.64% on Thursday, hitting $25.25. The stock had a trading volume of 9,362,802 shares. TIBCO Software has a 52 week low of $18.18 and a 52 week 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 price-to-earnings ratio of 44.65. TIBCO Software also was the recipient of some unusual options trading activity on Thursday. Traders bought 41,474 call options on the stock. This represents an increase of approximately 775% compared to the average daily volume of 4,740 call options.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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