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Investment analysts at Wedbush reduced their price objective on shares of Tibco Software (NASDAQ:TIBX) from $25.00 to $19.00 in a note issued to investors on Wednesday. Wedbush’s price objective points to a potential downside of 8.61% from the company’s current price.

TIBX has been the subject of a number of other recent research reports. Analysts at Susquehanna cut their price target on shares of Tibco Software from $27.00 to $24.00 in a research note on Wednesday. Separately, analysts at RBC Capital cut their price target on shares of Tibco Software from $28.00 to $23.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Stifel downgraded shares of Tibco Software from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Tibco Software currently has an average rating of “Hold” and a consensus price target of $25.17.

Shares of Tibco Software (NASDAQ:TIBX) traded down 8.47% on Wednesday, hitting $19.03. 9,934,612 shares of the company’s stock traded hands. Tibco Software has a 52 week low of $18.65 and a 52 week high of $27.15. The stock has a 50-day moving average of $19.75 and a 200-day moving average of $21.51. The company has a market cap of $3.089 billion and a price-to-earnings ratio of 40.68. Tibco Software also was the target of unusually large options trading activity on Monday. Stock investors acquired 2,177 put options on the company. This represents an increase of 680% compared to the average daily volume of 279 put options.

Tibco Software (NASDAQ:TIBX) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Tibco Software will post $1.14 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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