Business software provider Tibco Software Inc. said Thursday that it will buy back up to $300 million of its stock.

Tibco did not say why it is expanding the buyback program, and the company did not return a message seeking comment. Companies often buy back their stock as a way to reward shareholders. When fewer shares are on the market, it means each remaining shareholder gets a bigger portion of the profits.

The new buyback program replaces an existing one that authorized the company to buy $300 million in stock. Tibco had purchased all but $38 million under that program

Shares fell 45 cents to $32 in aftermarket trading. The stock rose $1.44, or nearly 5 percent, to close at $32.45 in the regular session.

Source:http://www.businessweek.com/ap/2012-03/D9TQD7F80.htm

TIBCO Software hit a new 52-week high Monday as it is currently trading at $29.87, above its previous 52-week high of $29.85 with 1.6 million shares traded as of 3:32 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

TIBCO Software has a market cap of $4.9 billion and is part of the technology sector and computer software & services industry. Shares are up 44.9% year to date as of the close of trading on Thursday.

Tibco Software Inc. provides middleware and infrastructure software worldwide. It offers its products in the areas of service-oriented architecture (SOA), business optimization, and business process management (BPM). The company has a P/E ratio of 60.8, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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TheStreet Ratings rates TIBCO Software as a buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

Source:http://www.thestreet.com/story/11092928/1/tibco-software-reaches-new-52-week-high-tibx.html

TIBCO Software Inc (NASDAQ: TIBX) closed Tuesday’s trading session at $19.72. In the past year, the stock has hit a 52-week low of $8.83 and 52-week high of $22.08. TIBCO Software stock has been showing support around $19.31 and resistance in the $20.21 range. Technical indicators for the stock are Neutral and S&P gives TIBX a positive 4 STARS (out of 5) buy rating. For a hedged play on this stock, look at the May ‘11 $19.00 covered call for a net debit in the $17.57 area. That is also the break-even stock price for this trade.

This covered call has a duration of 143 days, provides 10.90% downside protection and an assigned return rate of 8.14% for an annualized return rate of 20.77% (for comparison purposes only).

Source:-http://www.marketintelligencecenter.com/analyfav/1240993