TIBCO Software Upgraded to “Neutral” by Zacks (TIBX)
TIBCO Software (NASDAQ:TIBX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a $22.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 2.66% from the stock’s previous close.
TIBX has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of TIBCO Software from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, analysts at Barclays downgraded shares of TIBCO Software from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 31st. They now have a $24.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. TIBCO Software presently has an average rating of “Hold” and an average target price of $26.37.
TIBCO Software (NASDAQ:TIBX) remained flat at $21.43 during trading on Wednesday. The stock had a trading volume of 706,539 shares. TIBCO Software has a one year low of $18.18 and a one year high of $27.15. The stock has a 50-day moving average of $21.98 and a 200-day moving average of $23.75. The company has a market cap of $3.418 billion and a P/E ratio of 42.86.
TIBCO Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.10. The company had revenue of $315.20 million for the quarter, compared to the consensus estimate of $312.70 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that TIBCO Software will post $1.16 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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