In a report published Friday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on TIBCO Software TIBX.
In the report, Morgan Stanley noted, “Tibco was unable to build upon a stronger 3Q, as license growth decelerated and missed against what appeared to be a conservative bar. Though downside from the aftermarket price is likely limited, with key drivers like Spotfire struggling, the prior floor in the stock at 13-15x NTM FCF could be more tenuous than in the past.”
TIBCO Software closed on Thursday at $24.48.
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