TIBCO Software Rises On Unusually High Volume (TIBX)
TIBCO Software (Nasdaq:TIBX) is trading at unusually high volume Wednesday with 10.1 million shares changing hands. It is currently at four times its average daily volume and trading up 92 cents (+2.8%).
NEW YORK ( TheStreet) -- TIBCO Software (Nasdaq: TIBX) is trading at unusually high volume Wednesday with 10.1 million shares changing hands. It is currently at four times its average daily volume and trading up 92 cents (+2.8%) at $34.08 as of 11:55 a.m. ET. 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 38.7% year to date as of the close of trading on Tuesday. 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 48.1, 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.