Tibco Software’s Underweight Rating Reaffirmed at Barclays (TIBX)
Tibco Software (NASDAQ:TIBX)‘s stock had its “underweight” rating reiterated by Barclays in a research note issued on Monday. They currently have a $22.00 price objective on the stock, down from their previous price objective of $24.00. Barclays’ price objective would indicate a potential upside of 5.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Hilliard Lyons downgraded shares of Tibco Software from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tibco Software in a research note on Wednesday, June 4th. They now have a $17.00 price target on the stock, down previously from $20.00. Finally, analysts at Wedbush cut their price target on shares of Tibco Software from $25.00 to $19.00 in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Tibco Software currently has a consensus rating of “Hold” and a consensus price target of $24.79.
Shares of Tibco Software (NASDAQ:TIBX) traded down 0.12% on Monday, hitting $20.785. The stock had a trading volume of 857,800 shares. Tibco Software has a 1-year low of $18.20 and a 1-year high of $27.15. The stock has a 50-day moving average of $19.88 and a 200-day moving average of $21.34. The company has a market cap of $3.373 billion and a price-to-earnings ratio of 40.72.
Tibco Software (NASDAQ:TIBX) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.18 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 $0.95 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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