Jefferies Q2 Preview on Tibco Software (TIBX): Expecting In-line Quarter - Many Moving Pieces, But L-T On Track

June 19, 2012 7:55 AM EDT
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Price: $24.03 --0%

Rating Summary:
    7 Buy, 19 Hold, 0 Sell

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Jefferies maintains a 'Buy' on Tibco Software, Inc. (NASDAQ: TIBX) price target of $36.00 (from $42.00).

Analyst, Aaron Schwartz, said, "We believe TIBX is seeing strength with its higher growth areas as Spotfire activity continues to be robust and revenue scale for tibbr is likely ahead of our prior thinking; we expect an in line F2Q. We have revised our model and price target to reflect a slower EMEA demand environment and currency while acquired revenue will provide a partial offset but believe the long term riskreward is favorable."

Sees Q2 EPS of $0.22, lowers FY12 EPS estimate by $0.02 to $1.16, FY13 from $1.39 to $1.37.

For an analyst ratings summary and ratings history on Tibco Software, Inc. click here. For more ratings news on Tibco Software, Inc. click here.

Shares of Tibco Software, Inc. closed at $26.94 yesterday.

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