UPDATE: FBN Securities Initiates Tibco Software at Outperform on Competitive Advantage

FBN Securities initiated coverage on Tibco Software

with an Outperform rating and a $35 price target. FBN Securities said, "TIBX is “ahead of the curve” in BI/business analytics. TIBX offers SOA integration software (ActiveMatrix) which works well with its Business Optimization (Spotfire, BusinessEvents) software. The former basically creates an information bus (TIBCO stands for “the information bus company”) that connects disparate systems, while the latter analyzes this information to create actionable information. Whereas other, legacy BI solutions often use a data warehouse (which is somewhat dated when formed) before engaging in analytics, TIBX has solutions which result in real-time identification of opportunities and threats." Tibco Software closed at $29.32 on Wednesday.