Merger and Acquisition #9: Tibco Software Inc.
The sixth potential take over target for the cash-rich big tech companies according to Bloomberg BusinessWeek is the Palo Alto, CA based Tibco Software Inc. (Nasdaq:TIBX). Tibco Software provides Service-Oriented Architecture (SOA) and Business Process Management (BPM) solution to help enterprises integrates back-office programs on different platforms together. The solution that the company provides fit with IBM, Oracle and HP who are looking to expand enterprise software solutions.
Shares of Tibco Software have quadrupled for less than 2 years and is trading around 52 weeks high of $19.7 per share with P/E of 46.59 and market cap of $3.3 billion. The company's solution is at the forefront of today's complex enterprises and should continue to see growth. The technical chart shows very strong bullish trend with both 50 day and 200 day moving average going up. The stock did bounce back up after dropping to 50 day MA which shows support at that point. With KD coming back up again there could be another run coming.
Shares of Tibco Software have quadrupled for less than 2 years and is trading around 52 weeks high of $19.7 per share with P/E of 46.59 and market cap of $3.3 billion. The company's solution is at the forefront of today's complex enterprises and should continue to see growth. The technical chart shows very strong bullish trend with both 50 day and 200 day moving average going up. The stock did bounce back up after dropping to 50 day MA which shows support at that point. With KD coming back up again there could be another run coming.
posted by Stock Geek at
11:39 PM
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