NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Friday as it traded at $28.30 compared with its previous 52-Week high of $27.36. TIBCO Software is changing hands at $27.85 with 1.4 million shares traded as of 11:12 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

TIBCO Software has a market cap of $4.4 billion and is part of the technology sector and computer software & services industry. Shares are up 38.3% year to date as of the close of trading on Thursday.

Tibco Software Inc. provides middleware and infrastructure software worldwide. It 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 53.5, below the average computer software & services industry P/E ratio of 54.6 and above the S&P 500 P/E ratio of 16.4.
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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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full TIBCO Software Ratings Report.

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