TIBCO Software (TIBX) Target Increased at Macquarie

TIBCO Software (TIBX) received a “neutral” reiteration today from securities research analysts at investment firm Macquarie.  Macquarie also raised their performance outlook for TIBX  by adjusting their price target from $24 to $27 dollars.  Macquarie noted their target increase was partly due to TIBCO F2Q figures exceeding guidance and that it portrays demand of their products.

TIBX gapped up at the open of trading and proceeded to make bullish headway until 10:15 AM Eastern.  Afterward, shares have been relegated to a pullback through most of intraday trading.  If the market were to close right now, TIBX would be in for an overall daily loss.  Notable, however, was a hastened bearish pullback which lasted for the greater portion of 11 consecutive trading days that eventually dissipated during trading of last week — the descent gained considerable momentum after shares broke through support on June 2nd, 2011.

TIBCO Software, Inc. is slated to release their next earnings report on September 22nd, 2011, and is estimated to post EPS of 21 cents.  Their last earnings report was released on June 23rd, 2011, and announced EPS of 21 cents with revenue totaling $216.4 million which was up 24.9% year to year.  TIBX is currently trading between its 50 & 200-day moving averages and 2011 is currently an up year for the company.

TIBCO Software Inc. is a leading independent provider of middleware and infrastructure software.  Their standards-based software offerings enable customers to create flexible, configurable applications from software infrastructure and deliver real-time insights.  The company has market capitalization of $4,322,606,750 and 165,935,000 shares outstanding.  TIBX has a 52-week high of $30.75 with the low being $11.25 dollars.

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