Why Tibco Software (TIBX) Stock Is Falling In After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Tibco Software Inc. (TIBX) are lower by 5.39% to $19.67 in after-hours trading on Thursday, following the company's 2014 third quarter earnings results, which showed a decline in net income to $2.6 million, or 2 cents per share, from $21.3 million, or 13 cents per share for the year ago period.

The company, which provides middleware and infrastructure software, said its revenue for the most recent quarter fell to $259.6 million, compared to $270.9 million for the 2013 third quarter.

"The migration of perpetual to subscription-based licensing, together with less-than-expected revenue in Europe, had an impact on our overall software revenue results this quarter," said company CEO Vivek Ranadive.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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 revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

You can view the full analysis from the report here: TIBX Ratings Report

TIBX Chart TIBX data by YCharts

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