NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) hit a new 52-week high Thursday as it is currently trading at $33.21, above its previous 52-week high of $33.11 with 928,567 shares traded as of 11:05 a.m. ET. Average volume has been 2.5 million shares over the past 30 days.

TIBCO Software has a market cap of $5.5 billion and is part of the technology sector and computer software & services industry. Shares are up 35.3% year to date as of the close of trading on Wednesday.

TIBCO Software Inc. provides middleware and infrastructure software worldwide. It offers products in the areas of service-oriented architecture (SOA) and core infrastructure; business optimization; and process automation and collaboration. The company has a P/E ratio of 46.3, below the average computer software & services industry P/E ratio of 48.3 and above the S&P 500 P/E ratio of 17.7.

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