UBS Maintains a 'Buy' on Tibco Software (TIBX); Beating Consensus For The 15th Consecutive Qtr
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Price: $24.03 --0%
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 6
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UBS maintains a 'Buy' on Tibco Software, Inc. (NASDAQ: TIBX) price target raised from $32 to $37.
Analyst, Brent Thill, said, "TIBX is clearly increasing capacity, adding 25% more quota carrying reps in Q1 y/y, with similar growth plans for Q2. We estimate reps hired in Q1 will be productive in the latter half of the year. Europe growth overshadowed US growth, due to a small 1% comp in 1Q11. And while TIBX saw a modest decline in deals >$100k, deals >$1M grew 40%+ and avg deal sizes increased."
UBS raises FY12 EPS estimate from $1.12 to $1.15 and FY13 lowered by $0.01 to $1.26.
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 $32.45 yesterday.
Analyst, Brent Thill, said, "TIBX is clearly increasing capacity, adding 25% more quota carrying reps in Q1 y/y, with similar growth plans for Q2. We estimate reps hired in Q1 will be productive in the latter half of the year. Europe growth overshadowed US growth, due to a small 1% comp in 1Q11. And while TIBX saw a modest decline in deals >$100k, deals >$1M grew 40%+ and avg deal sizes increased."
UBS raises FY12 EPS estimate from $1.12 to $1.15 and FY13 lowered by $0.01 to $1.26.
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 $32.45 yesterday.
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