Barclays Maintains an 'Equalweight' on Tibco Software (TIBX); Q4 Preview

Barclays maintains an 'Equalweight' on Tibco Software, Inc. (NASDAQ: TIBX) price target of $30.00.

Barclays analyst says, "Expect healthy Q4: We expect a healthy fourth quarter for Tibco. We see spending trends across the board still relatively benign for this year as it appears that IT budget will be spend. Given the recent weakness in the shares we believe there could be a short term positive reaction. We maintain our EW rating given that the shares have been one of the strongest performers year to date."

"Deceleration modeled: Q4 will be an interesting data point for the Tibco investment case. Q4 10 was a strong license quarter (+25%) and the question is whether the company can maintain the momentum shown in the past few quarters when licenses grew healthily even against tough comps...Outlook more important: While the fourth quarter is always important we believe it will be more interesting to look at the 2012 outlook."

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 $24.65 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Powell Industries (POWL) PT Lowered to $235 at Cantor Fitzgerald
• McGraw Hill (MH) PT Raised to $15 at UBS