Shares of Tibco Software
The second-quarter report Tibco delivered last night got the stock off to a soft jump-start again, rising about 4% in early morning trade. Shares jumped even higher in after-hours trading as the report hit newswires, showing a 16% positive earnings surprise on sales of $216 million, 9% above analyst estimates. But then, prices came back down a bit when management got on the horn to offer third-quarter guidance.
That's a bit of a head-scratcher, though. Analyst consensus for the third quarter points to $0.21 of earnings per share on $209 million in sales; Tibco's forecast ranges from $0.20 to $0.21 earnings per share, and revenue of at least $216 million. That's no disappointment in my book.
You should also bear in mind that Tibco follows the Apple
Tibco plans to keep stealing business-intelligence customers from larger rivals IBM
One of our subscription services is shorting Tibco these days but I obviously disagree -- the story and the numbers behind Tibco tell me that there's plenty of growth and shareholder value left to unlock.
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