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Tibco Software (NASDAQ:TIBX) was downgraded by equities research analysts at Susquehanna from a “positive” rating to a “neutral” rating in a research note issued to investors on Friday, reports. They currently have a $19.00 price target on the stock, down from their previous price target of $24.00. Susquehanna’s price target would indicate a potential downside of 8.74% from the stock’s previous close.

TIBX has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Tibco Software from $22.00 to $21.00 in a research note on Friday. Finally, 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. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tibco Software presently has an average rating of “Hold” and a consensus target price of $24.46.

Shares of Tibco Software (NASDAQ:TIBX) opened at 19.81 on Friday. Tibco Software has a one year low of $18.20 and a one year high of $27.15. The stock’s 50-day moving average is $20.0 and its 200-day moving average is $21.2. The company has a market cap of $3.215 billion and a price-to-earnings ratio of 40.74.

Tibco Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.6% 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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