Barclays Q2 Preview on Tibco Software (TIBX): This One is Getting Interesting
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Price: $21.58 -1.24%
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TIBX Now!
Barclays maintains an 'Equalweight' on Tibco Software, Inc. (NASDAQ: TIBX) price target of $35.00.
Analyst, Raimo Lenschow, said the stock has underperformed as investors worry about upcoming earnings (Q2 on June 28). Lenschow doesn't deny that there are risks, including macro and curreny headwinds, however, as the company shifts it's portfolio mix, the valuation is potentially attractive, especially if the company posts good quarterly results. He also noted that TIBX is currently trading as the least expensive 'Big Data' stock that the firm covers.
All in, Lenschow sees Q2 possibly benefiting from the LogLogic acquisition, however, the recent convertible issuance and cost of the LogLogic acquisition, may hamper EPS.
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 $26.11 yesterday, with a 52 week range of $18.43-$34.67.
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Analyst, Raimo Lenschow, said the stock has underperformed as investors worry about upcoming earnings (Q2 on June 28). Lenschow doesn't deny that there are risks, including macro and curreny headwinds, however, as the company shifts it's portfolio mix, the valuation is potentially attractive, especially if the company posts good quarterly results. He also noted that TIBX is currently trading as the least expensive 'Big Data' stock that the firm covers.
All in, Lenschow sees Q2 possibly benefiting from the LogLogic acquisition, however, the recent convertible issuance and cost of the LogLogic acquisition, may hamper EPS.
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 $26.11 yesterday, with a 52 week range of $18.43-$34.67.
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