Share on StockTwits

Equities research analysts at RBC Capital decreased their price objective on shares of Tibco Software (NASDAQ:TIBX) from $28.00 to $23.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 10.63% from the company’s current price.

Shares of Tibco Software (NASDAQ:TIBX) traded down 8.47% on Wednesday, hitting $19.03. The stock had a trading volume of 9,934,712 shares. Tibco Software has a 52-week low of $18.65 and a 52-week high of $27.15. The stock’s 50-day moving average is $19.75 and its 200-day moving average is $21.51. The company has a market cap of $3.089 billion and a P/E ratio of 40.68. Tibco Software also was the target of unusually large options trading on Monday. Stock traders acquired 2,177 put options on the company. This represents an increase of 680% compared to the typical volume of 279 put options.

Tibco Software (NASDAQ:TIBX) last announced its 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.

Several other analysts have also recently commented on the stock. Analysts at Stifel downgraded shares of Tibco Software from a “buy” rating to a “hold” rating in a research note on Wednesday. Separately, analysts at Stifel Nicolaus downgraded shares of Tibco Software from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $29.00 price target on the stock. Finally, analysts at Pacific Crest cut their price target on shares of Tibco Software from $28.00 to $24.00 in a research note on Wednesday. One investment 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’s stock. Tibco Software has an average rating of “Hold” and a consensus price target of $25.17.

TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.