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TIBX

TIBCO Software, Inc.

5/19/2013, 11:04 AM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 16, 12:16 PM Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II) 1 Comment [Tech, On the Move]
Monday, May 6, 10:28 AM Tableau Software (DATA) sets an IPO price range of $23-$26. That means the analytics software vendor, which is offering 7.2M shares (5M new shares, 2.2M from insiders), is now looking to raise $166M-$187M, more than the $150M it initially sought. The price range spells a valuation of $1.32B-$1.5B for Tableau, which is competing with Qlik (QLIK), Tibco (TIBX), and several startups in a fast-growing market for tools that can process and intelligently visualize mountains of business data. Tableau had Q1 revenue of $40M (+62% Y/Y), and a net loss of $4M. (S-1) (2012 results) 1 Comment [Tech]
Friday, April 26, 9:10 AM Tibco (TIBX) +1.5% after announcing a new $300M buyback program, increasing the middleware/analytics software vendor's total authorization to $375.8M (12% of shares at current levels). The announcement comes with Tibco trading near its 52-week low after missing FQ1 revenue estimates and issuing light FQ2 guidance last month. Peers Informatica and Qlik delivered market-pleasing Q1 reports yesterday afternoon. Comment! [Tech]
Tuesday, April 2, 5:25 PM White-hot analytics software vendor Tableau has filed for a $150M IPO under the PR-friendly symbol DATA. Tableau, which has developed innovative tools for visualizing and quickly analyzing data using drag-and-drop actions, posted 2012 revenue of $127.7M (+105% Y/Y), and net income of $1.6M. Sales/marketing spend more than doubled to $62.3M. Rivals include Tibco (TIBX - via Spotfire) and Qlik (QLIK - via QlikView), and business intelligence software mainstays IBM, SAP, and Oracle. (S-1) (previous) Comment! [Tech]
Monday, April 1, 4:46 PM Tibco (TIBX) CFO Sydney Carey is leaving to join "a private, venture-backed technology company." COO Murray Rode will serve as interim CFO until a full-time replacement is found. The news comes shortly after CEO Vivek Ranadive blamed Tibco's recent troubles on execution issues, and suggested a restructuring could happen. (PR) 1 Comment [Tech]
Monday, March 25, 2:45 PM Tibco (TIBX -3.4%) is acquiring Maporama Solutions, a provider of analytics software for location/geospatial data. Maporama's products include map-based tools for visualizing, processing, searching, and publishing business data. Tibco points out they complement its Spotfire analytics platform, and claims 80% of business data has a "location component." Comment! [Tech, M&A]
Friday, March 22, 11:31 AM "Our issues are primarily execution-related," Tibco (TIBX -15.3%) CEO Vivek Ranadive asserts on his company's FQ1 call. He suggests Tibco has "weak leadership" in the Americas and the U.K., and hints at a restructuring. Shares have been hit with 2 downgrades following a revenue miss and light guidance. An 8% Y/Y sales drop in the critical finance vertical and a decline in $1M+ deals offset 50% growth in telecom. Randadive argues Tibco's ability to process both business transactions and events through its middleware/analytics offerings is a key differentiator. INFA -5.6% (previous). QLIK -3.1%. MSTR -2.2%. 1 Comment [Tech, On the Move, Earnings]
Friday, March 22, 9:10 AM Premarket gainers: HALO +23%. ANAC +18%. MU +9%. AFFY +8%. NKE +8%.
Losers: TIBX -16%. ABR -6%. ZIOP -5%. Comment! [On the Move]
Thursday, March 21, 6:33 PM After-hours top gainers, as of 6:00 p.m.: NKE +8%. PCC +7%. ANAC +5%. MU +4%. GMO +3%.
After-hours top losers: NWY -18%. TIBX -14%. TECD -9%. SNMX -8%. EGHT -4%. 2 Comments [On the Move]
Thursday, March 21, 5:58 PM Tibco (TIBX) guides on its FQ1 call for FQ2 revenue of $242M-$252M and EPS of $0.17-$0.19, below a consensus of $264.8M and $0.26. As was the case following its FQ4 warning, the middleware/analytics software vendor suggests execution issues are playing a role in its troubles. Shares -14.7% AH. INFA -2.1%. TDC -1.4%. QLIK -2.1%. Comment! [Tech, On the Move, Earnings]
Thursday, March 21, 4:27 PM TIBCO Software (TIBX): FQ1 EPS of $0.18 in-line. Revenue of $237.8M misses by $4.66M. Shares -9.3% AH. (PR) 1 Comment [Earnings, Breaking News, Tech, On the Move]
Thursday, March 21, 12:10 AM Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX Comment! [Earnings]
Wednesday, March 20, 5:35 PM Notable earnings after Thursday’s close: MU, NKE, SLW, TIBX Comment! [Earnings]
Wednesday, March 20, 4:44 PM Some enterprise IT names slump in response to Oracle's FQ3 miss, which included a surprising 2% Y/Y drop in new software license/cloud subscription revenue, and a 23% Y/Y drop in hardware product sales. InfiniBand hardware supplier Mellanox (MLNX) is the worst-hit, -7% AH. IBM -1%. HPQ -1%. EMC -1.2%. RHT -1.9%. VMW -1%. TIBX -1.2%. TDC -1%. Archrival SAP is unchanged for now. Comment! [Tech, On the Move]
Wednesday, March 6, 10:43 AM Tibco (TIBX +10.6%) soars following an upgrade to Buy from BofA/Merrill. The firm had downgraded Tibco to Neutral in December in response to its FQ4 warning. FQ1 results arrive on March 21. Informatica (INFA +1.6%) and Qlik (QLIK +2.3%) might be rising in sympathy. Comment! [Tech, On the Move]
Thursday, February 14, 5:06 PM Middleware/analytics software provider Tibco (TIBX) +1.6% AH in response to business intelligence software firm Qlik's Q4 beat and strong 2013 guidance. Both companies have been hyped on occassion as big data plays. Other names that could move higher include Qlik rivals Microstrategy (MSTR) and Actuate (BIRT), data warehousing vendors Informatica (INFA) and Teradata (TDC), and machine data software king Splunk (SPLK). Comment! [Tech, On the Move]