NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Thursday as it traded at $24.90 compared with its previous 52-Week high of $24.83. TIBCO Software is changing hands at $24.87 with 200,645 shares traded as of 10:12 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. TIBCO Software has a market cap of $4.1 billion and is part of the technology sector and computer software & services industry. Shares are up 24.4% year to date as of the close of trading on Wednesday.

TIBCO Software Inc. provides infrastructure software solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers its products in the areas of service-oriented architecture (SOA), business optimization, and business process management (BPM). The company has a P/E ratio of 54, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 23.5.

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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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.