TIBCO Software Stock Hits New 52-Week High (TIBX) - TheStreet

NEW YORK (

TheStreet

) --

TIBCO Software

(Nasdaq:

TIBX

) hit a new 52-week high Monday as it is currently trading at $31.84, above its previous 52-week high of $31.45 with 129,573 shares traded as of 9:40 a.m. ET. Average volume has been three million shares over the past 30 days.

TIBCO Software has a market cap of $4.24 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 29.9% year to date as of the close of trading on Friday.

TIBCO Software Inc. provides middleware and infrastructure software worldwide. It offers products in the areas of service-oriented architecture (SOA) and core infrastructure; business optimization; and process automation and collaboration. The company has a P/E ratio of 46.6, above the average computer software & services industry P/E ratio of 39.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TIBCO Software as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

TIBCO Software Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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