Market Overview

Morgan Stanley Sees Mixed Factors for TIBCO Software

Related TIBX
Exclusive: Tibco CEO Ranadivé On Spotfire And Tableau
Benzinga's Top #PreMarket Losers

In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on TIBCO Software (NASDAQ: TIBX).

In the report, Morgan Stanley noted, “In line with the challenges seen over the past two years in sustaining consistent execution across the portfolio, an improving infrastructure business in TIBCO's Q1 is likely overshadowed by the lack of growth in Spotfire. With productive sales capacity declining, we don't see a quick fix. A 13.7X multiple against our CY15 FCF, well prices in our mid-single digit revenue growth forecast.”

TIBCO Software closed on Thursday at $21.59.

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (TIBX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters