NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Tuesday as it is currently trading at $28.65, above its previous 52-week high of $28.30 with 1.8 million shares traded as of 9:57 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 36.9% year to date as of the close of trading on Monday. 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 54.8, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.6.
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