Investors Buy High Volume of TIBCO Software Call Options (TIBX)
Shares of TIBCO Software (NASDAQ:TIBX) saw some unusual options trading activity on Friday. Traders bought 20,553 call options on the stock, AnalystRatingsNetwork reports. This is an increase of 260% compared to the typical daily volume of 5,703 call options.
A number of analysts have recently weighed in on TIBX shares. Analysts at Wedbush raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $28.00 to $30.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Nomura raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $24.00 to $27.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of TIBCO Software (NASDAQ:TIBX) from $27.00 to $30.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock.
Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $28.47.
Shares of TIBCO Software (NASDAQ:TIBX) opened at 25.915 on Monday. TIBCO Software has a 1-year low of $18.18 and a 1-year high of $30.52. The stock has a 50-day moving average of $23.78 and a 200-day moving average of $22.07. The company has a market cap of $4.169 billion and a P/E ratio of 47.03.
TIBCO Software (NASDAQ:TIBX) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. TIBCO Software’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that TIBCO Software will post $1.02 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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