TIBCO Software PT Lowered to $28.00 (TIBX)
Analysts at UBS AG lowered their price target on shares of TIBCO Software (NASDAQ: TIBX) from $30.00 to $28.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus cut their price target on shares of TIBCO Software from $28.00 to $26.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna downgraded shares of TIBCO Software from a “positive” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at FBN Securities downgraded shares of TIBCO Software from an “outperform” rating to a “sector perform” rating in a research note to investors on Friday.
Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. TIBCO Software presently has a consensus rating of “Buy” and a consensus target price of $28.64.
TIBCO Software (NASDAQ: TIBX) traded down 15.41% on Friday, hitting $19.60. TIBCO Software has a 1-year low of $18.95 and a 1-year high of $34.67. The stock’s 50-day moving average is currently $22.82. The company has a market cap of $3.147 billion and a price-to-earnings ratio of 32.18.
TIBCO Software (NASDAQ: TIBX) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $242.46 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that TIBCO Software will post $1.21 EPS for the current fiscal year.
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of middleware and infrastructure software. The Company’s software platform enables customers to create applications from infrastructure and deliver real-time and actionable insights.
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