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BofA/Merrill has downgraded Tibco (TIBX -20.1%) to Neutral following its FQ4 warning, which has...

BofA/Merrill has downgraded Tibco (TIBX -20.1%) to Neutral following its FQ4 warning, which has led shares to plunge to new 52-week lows. Piper sees the warning as another sign of "pervasively deteriorating conditions for on-premise software companies." The Street seems to agree a bit: QLIK -4.2%. INFA -5%. ORCL -1.8%. RHT -1.4%. CTXS -1.7%. Wedbush argues Tibco's long-term growth story is intact - Tibco noted in its warning demand for its Spotfire analytics platform remains strong.
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