Standard & Poor’s analyst Zaineb Bokhari cut her rating on TIBCO Software (TIBX) to Sell from Hold. Bokhari referenced TIBCO’s relatively high exposure to financial services and telecom companies and dependence on large deals. Bokhari noted that TIBCO will report Aug 2008 quarter results on September 25. She estimates revenue of $154 million and an operating EPS of 6 cents. For the November 2008 fiscal year, she cut his sales forecast to $650 million from $663 million, with EPS dropping 2 cents to 34 cents. For FY ‘09, Bokhari drops another penny to 44 cents. Bokhari cuts her target price on TIBCO stock to $6.50, from $8.
This is cache of http://www.thecepblog.com/2008/09/18/sp-downgrades-tibco-to-sell-on-financial-services-exposure/. Cache is the snapshot of article that we took when we index feed.
To see original page click here.
We are not affiliated with the authors of this article and not responsible for its content.
To see original page click here.
We are not affiliated with the authors of this article and not responsible for its content.
S&P Downgrades TIBCO to Sell On Financial Services Exposure
 |  |
 |  |
 |  |
 |
BROWSE CATEGORIES
RELATED VIDEO
