Tibco Software (TIBX) Posts Quarterly Results
Tibco Software (NASDAQ:TIBX) announced its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14, Stock Ratings Network reports. The company had revenue of $252.30 million for the quarter, compared to the consensus estimate of $252.33 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 2.6% on a year-over-year basis.
Shares of Tibco Software (NASDAQ:TIBX) traded down 1.23% on Thursday, hitting $20.82. 2,810,223 shares of the company’s stock traded hands. Tibco Software has a 52 week low of $18.20 and a 52 week high of $27.15. The stock has a 50-day moving average of $20.0 and a 200-day moving average of $21.25. The company has a market cap of $3.379 billion and a price-to-earnings ratio of 41.25.
TIBX has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “underweight” rating on shares of Tibco Software in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $24.00. On the ratings front, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $24.79.
TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.
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