Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $28 on TIBCO Software Following Negative Q4 Pre-Announcement

Related TIBX
BofA Upgrades Citrix, Says It's Worth $82/Share; Highlights Value From Potential Divestitures
TIBCO Announces Open Source Version of TIBCO Jaspersoft 5.6

Stifel Nicolaus reiterated its Buy rating on TIBCO Software (NASDAQ: TIBX) but reduced its price target from $35 to $28.

Stifel Nicolaus noted, "TIBCO notes company-specific (continued execution challenges with Americas core infrastructure) and macro (federal government spending pullbacks, pushed deals due to Sandy) headwinds led to the shortfall. While it will likely take another few quarters for the Americas infrastructure segment to rebound (the new SVP of North America Infrastructure Sales just started on 12/1), Spotfire, the European infrastructure business, and tibbr were cited as bright spots. We believe much of the miss was macro related and the secular story remains intact. With the stock trading off AH, we think much of the negative news is priced in and offers a constructive entry point for longer-term and patient investors."

TIBCO Software closed at $24.72 on Tuesday.

Latest Ratings for TIBX

Sep 2014RBC CapitalUpgradesUnderweightEqual-weight
Sep 2014BarclaysUpgradesUnderperformEqual-weight
Sep 2014Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for TIBX
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (TIBX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters