NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Tuesday as it is currently trading at $30.48, above its previous 52-week high of $30.45 with 519,727 shares traded as of 10:02 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

TIBCO Software has a market cap of $4.8 billion and is part of the technology sector and computer software & services industry. Shares are up 50.4% year to date as of the previous trading day's close.

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 58.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full TIBCO Software Ratings Report.

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