Tibco Software (NASDAQ:TIBX) Stock Tumbles; FBN Capital Markets Analysts Downgrade Shares

Tibco Software Inc’s (NASDAQ:TIBX) stock moved down over 15 percent to settle at $19.57 on Friday in the wake of company’s unsatisfactory Q1 revenue results.

The business-software company posted a profit of $9.5 million or 6 cents per share on revenue of $237.8 million, evaluated against a profit of $20.6 million or 12 cents per share on $225.7 million in sales in the similar quarter a year earlier.

The Palo Alto, California based Tibco would have earned 18 cents per share without special items. FactSet analysts survey by forecasted Tibco to earn 18 cents per share or $242.3 million.

Tibco stock rating was lower by FBN Capital Markets analyst to sector perform from outperform.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Progress Software Corporation (NASDAQ:PRGS) fell -1.90% to settle at $22.67, SAP AG (ADR) (NYSE:SAP) moved up +0.40% to end at $81.04 while Attunity Ltd (NASDAQ:ATTU) jumped +0.14% to finish at $6.95 on Friday.

Tibco Software Inc. (NASDAQ:TIBX) last session’s volume of 24.57 million shares was surprisingly higher than its average volume of 3.21 million shares. The stock after opening at $19.40 hit high price of $21.08 and then closed at $20.99 by scoring -9.41%.

The liquidity measure in recent quarter results of the company was recorded 2.32 as current ratio and on the other side the debt to equity ratio was 0.62 and long-term debt to equity ratio remained at 0.58. The Company had total cash of $806.66 million at hand and a book value per share as $5.64 in the most recent quarter.

The stock’s price volatility was 4.13% for a week and 2.79% for a month as well as price volatility’s Average True Range for 14 days was 0.86 and its beta remained at 1.37.

TIBX generated revenue of $1.02 billion in the previous twelve months and earned $122.01 million. The Company showed a positive 11.92% in the net profit margin as well as in its operating margin which remained at 17.34%. Company’s annual sales growth for the past five years was 12.16%.

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