Why Tibco Software (TIBX) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Tibco Software Inc. (TIBX) are lower by -6.49% to $19.47 in mid-afternoon trading on Friday after the company reported a decrease in net income to $1.6 million, or 1 cent per share for the 2014 second quarter, compared to $8.7 million, or 5 cents per share for the same period last year.

Total revenue for the company, which provides customers with middleware and infrastructure software, increased 3% to $254 million, versus $245 for the 2013 second quarter.

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Separately, TheStreet Ratings team rates TIBCO SOFTWARE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate TIBCO SOFTWARE INC (TIBX) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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