If the Tech Space Is ‘Lousy,’ How Is Tibco Bucking the Trend?
It has been a “lousy environment” for the technology sector, so how has Tibco Software been able to buck the trend?
The big data analytics play delivered strong quarterly results on June 28, Cramer noted. In turn, its stock spiked some 11 percent the next day. Since then, though, it has dropped to where it was trading before its earnings announcement. The stock was likely being brought down by dismal reports from other tech companies, but Cramer thinks “investors have been painting with too broad of a brush.” Thanks to the selling, though, Cramer said investors can get Tibco’s terrific results for cheap.
So just what is Tibco doing right and can it continue to transcend the weakness in tech? To find out, Cramer spoke with CEO Vivek Ranadivé. Watch the video to see the full interview.
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