NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Wednesday as it is currently trading at $30.78, above its previous 52-week high of $30.75 with 1.1 million shares traded as of 11:42 a.m. ET. Average volume has been 3.2 million shares over the past 30 days.

TIBCO Software has a market cap of $4.9 billion and is part of the technology sector and computer software & services industry. Shares are up 54.6% year to date as of the close of trading on Tuesday.

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 52.5, below the average computer software & services industry P/E ratio of 55.5 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, solid stock price performance, 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.

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