Tibco Software (TIBX) Q2 'In-Line' But Easy Comps Ahead - Macquarie
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Price: $24.03 --0%
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Macquarie reiterated an Outperform rating and $23 price target on Tibco Software, Inc. (NASDAQ: TIBX) after in-line Q2 with easy comps ahead.
Analyst Brad Zelnick notes, "TIBCO reported in line F2Q results with the most important leading indicator, license revenue, in line with expectations. The company is still managing through its execution issues in North America, but notes substantial progress. Guidance for F3Q lowers the bar below consensus estimates, but commentary implies prudent conservatism. We reiterate our Outperform rating and our thesis for TIBCO being a long term winner and one of the more relevant players in intelligent computing (a superset of “Big Data” by our definition)."
The firm's FY 2013 revenue and non-GAAP EPS decreases to $1,048m and $0.95 from $1,072m and $1.07, respectively.
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 $21.01 yesterday.
Analyst Brad Zelnick notes, "TIBCO reported in line F2Q results with the most important leading indicator, license revenue, in line with expectations. The company is still managing through its execution issues in North America, but notes substantial progress. Guidance for F3Q lowers the bar below consensus estimates, but commentary implies prudent conservatism. We reiterate our Outperform rating and our thesis for TIBCO being a long term winner and one of the more relevant players in intelligent computing (a superset of “Big Data” by our definition)."
The firm's FY 2013 revenue and non-GAAP EPS decreases to $1,048m and $0.95 from $1,072m and $1.07, respectively.
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 $21.01 yesterday.
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