Wednesday, June 4, 2014

$TIBX Tibco Stifel Downgrade Details

      Stifel downgrades TIBX to Hold from Buy. On 6/3, co pre-announced
disappointing F2Q14 results, sending shares down 13%+ in after-hours trading.
While TIBCO noted that core infrastructure and event processing businesses grew
during the quarter, the expected $14.5M/$16M license-revenue/total-revenue
miss (at the midpoint), respectively, was blamed on Spotfire weakness. Firm will
need to see a healthy re-accleration in license revenue before getting more
constructive, something it does not see happening in the next several quarters.

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