Macquarie Maintains a 'Neutral' on Tibco Software (TIBX); Even The Strong Are Not Immune
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Price: $22.20 +1.93%
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TIBX Now!
Macquarie maintains a 'Neutral' on Tibco Software, Inc. (NASDAQ: TIBX) price target of $31.00.
Analyst, Brad Zelnick, said, "TIBCO reported F2Q results with revenue and EPS exceeding Street estimates, while license revenue was a bit shy of consensus. Management indicated disappointment in its performance in the United States and will reorganize the Americas sales effort to improve execution. We are concerned by decelerating license and bookings growth, which we partially attribute to an environment that is likely more difficult than the company cares to acknowledge publicly."
"Our FY12 revenue decreases to $1,058m from $1,085m and our non-GAAP EPS increases to $1.21 from $1.18."
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 $26.83 yesterday, with a 52 week range of $18.43-$34.67.
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Analyst, Brad Zelnick, said, "TIBCO reported F2Q results with revenue and EPS exceeding Street estimates, while license revenue was a bit shy of consensus. Management indicated disappointment in its performance in the United States and will reorganize the Americas sales effort to improve execution. We are concerned by decelerating license and bookings growth, which we partially attribute to an environment that is likely more difficult than the company cares to acknowledge publicly."
"Our FY12 revenue decreases to $1,058m from $1,085m and our non-GAAP EPS increases to $1.21 from $1.18."
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 $26.83 yesterday, with a 52 week range of $18.43-$34.67.
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