TIBCO Software Inc. Buyback
OLI recorded this information on 4/26/2013
TIBCO Software Inc.
TIBCO Software Inc. (NASDAQ: TIBX) today announced that its Board of Directors has authorized a share repurchase program pursuant to which the company may repurchase up to $300 million of its outstanding common stock. This program refreshes the company's previous $300 million share repurchase program, under which approximately $75.8 million was still remaining.
TIBCO Software is a provider of infrastructure and business software. Co. provides a range of software products that can be sold individually or sold together as a suite. Co. divides its products into three groups: integration and core infrastructure, business optimization, and process automation and collaboration. Co.'s products are licensed by companies worldwide in a range of industries such as financial services, telecommunications, and business services. Co. sells its products through a direct sales force and through alliances with other software vendors, resellers and systems integrators. Co. also provides personnel services, maintenance and support, training, and hosted services.
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Hold (2.18 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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