The Palo Alto, California-based Tibco Software Inc. (NASDAQ:TIBX) announced lower-than-anticipated revenue and estimates Q4 results lower than forecast on anticipated lower revenue from its services unit.
Business software maker estimates adjusted earnings of 42 to 44 cents a share for fourth-quarter on revenue of $310 million to $318 million.
On average, Thomson Reuters analysts anticipated 47 cents a share on $326.7 million of revenue.
The company reported that net income in the third-quarter moved up to $26.1 million or 15 cents a share, from $23.5 million or 14 cents a share in the previous year. The corporation made 27 cents a share in earnings without special items.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Progress Software Corporation (NASDAQ:PRGS) fell -0.39% to settle at $20.49, Oracle Corporation (NASDAQ:ORCL) moved down -1.59% to end at $32.26while Pegasystems Inc (NASDAQ:PEGA) dropped -0.30% to finish at $29.73 on Thursday.
Tibco Software Inc. (NASDAQ:TIBX) on Sep 20, 2012 decreased -2.00% to the closing price of $29.86. The overall volume in the last trading session was 4.78 million shares. Its fifty two weeks range was $20.04 – $34.67. The total market capitalization remained at $4.84 billion.
TIBX is ahead of its 52 weeks low with 49.00% and lagging behind from its 52 weeks high price with -13.87%. TIBX’s last month stock price volatility remained 3.01%. In its share capital TIBX has 162.09 million outstanding shares, among them 154.47 million shares have been floated in market exchange. TIBX’s stock’s institutional ownership remained 84.29% while insider ownership included 4.05%.
The stock price of TIBX is moving down from its 20 days moving average with -2.51% and remote positively from 50 days moving average with +2.60%. TIBX current year earnings per share experienced an addition with 42.02% while its current quarter performance remained at 16.01%. Company’s beta coefficient included 1.43. Beta factors measure the amount of market risk associated with market trade.
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