Barclays Maintains an 'Equalweight' on Tibco Software (TIBX); Strong Momentum Across Multiple Areas

Barclays maintains an 'Equalweight' on Tibco Software, Inc. (NASDAQ: TIBX) price target raised from $30 to $35.

Analyst, Raimo Lenschow, said, "Looking at the good Q1 results and the healthy Q2 guidance we believe our and probably consensus earnings estimates were too conservative. We now model a continuation of the Q1 trends for the rest of the year which drives the significant earnings upgrades (which is unusual for a first quarter)."

Barclays raises FY12 EPS estimate from $1.12 to $1.20 and FY13 from $1.29 to $1.39.

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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