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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Fool contributor Anders Bylund owns shares of no companies discussed here. The Motley Fool owns shares of International Business Machines, Oracle, and Apple. Motley Fool newsletter services have recommended buying shares of Apple and Riverbed Technology. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Motley Fool newsletter services have recommended shorting Tibco Software. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.