Tibco (TIBX) Has Execution Issues, Says Goldman
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Price: $24.03 --0%
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
5 Buy, 19 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Yesterday Tibco Software, Inc. (NASDAQ: TIBX) reported Q4 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $296.5 million versus the consensus estimate of $298.09 million.
Commenting on developments, analyst Greg Dunham of Goldman Sachs said, "While the results came in above preliminary guidance, the resilience of other infrastructure software vendors [ i.e., Oracle (NASDAQ: ORCL) Redhat (NASDAQ: RHT)] alongside management commentary illustrates TIBCO specific execution issues."
One area noted for improvement is in Americas infrastructure sales, which is now under new leadership. Other improvements include improved process control and further investment in management. While these changes are seen as positive in the long term, Dunham thinks the investments will likely depress near term margins.
Goldman Sachs has a Neutral rating on Tibco Software, Inc. with a modified price target of $24.00 (from $34.00).
For an analyst ratings summary and ratings history on Tibco Software, Inc. (NASDAQ: TIBX) click here. For more ratings news on Tibco Software, Inc. click here.
Shares of Tibco Software, Inc. closed at $20.74 yesterday.
Commenting on developments, analyst Greg Dunham of Goldman Sachs said, "While the results came in above preliminary guidance, the resilience of other infrastructure software vendors [ i.e., Oracle (NASDAQ: ORCL) Redhat (NASDAQ: RHT)] alongside management commentary illustrates TIBCO specific execution issues."
One area noted for improvement is in Americas infrastructure sales, which is now under new leadership. Other improvements include improved process control and further investment in management. While these changes are seen as positive in the long term, Dunham thinks the investments will likely depress near term margins.
Goldman Sachs has a Neutral rating on Tibco Software, Inc. with a modified price target of $24.00 (from $34.00).
For an analyst ratings summary and ratings history on Tibco Software, Inc. (NASDAQ: TIBX) click here. For more ratings news on Tibco Software, Inc. click here.
Shares of Tibco Software, Inc. closed at $20.74 yesterday.
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