UPDATE: Bank of America Color on Tibco PO Increase

Bank of America, which raised its PO on shares of Tibco Software, Inc. (NASDAQ: TIBX), is providing some color on the stock.

“We view TIBX as well positioned to benefit from opportunities in Big Data (market sized at $64b) as customers leverage event-based architectures to perform real time analytics on large amounts of data streams, and gain a competitive edge,” Bank of America writes. “These trends can help drive market share and wallet share gains for TIBX, in our opinion.”

Tibco closed Thursday at $26.00.