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TIBCO Software (TIBX) Falls: Stock Goes Down 5.4%

Zacks Equity Research

TIBCO Software Inc. (TIBX) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for TIBX as the stock is now up around 12% up to May 29.

The software solution provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

TIBX currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Computer-Networks industry include Cisco Systems, Inc. (CSCO), Infinera Corporation (INFN) and NetScout Systems, Inc. (NTCT). All these stocks carry a Zacks Rank #2 (Buy).

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TIBCO SOFTWARE INC (TIBX): Free Stock Analysis Report

CISCO SYSTEMS INC (CSCO): Free Stock Analysis Report

INFINERA CORP (INFN): Free Stock Analysis Report

NETSCOUT SYSTEMS INC (NTCT): Free Stock Analysis Report


Zacks Investment Research