UPDATE: Bank of America Color on Tibco PO Increase

Bank of America, which raised its PO on shares of Tibco Software, Inc. TIBX, is providing some color on the stock. “We view TIBX as well positioned to benefit from opportunities in Big Data (market sized at $64b) as customers leverage event-based architectures to perform real time analytics on large amounts of data streams, and gain a competitive edge,” Bank of America writes. “These trends can help drive market share and wallet share gains for TIBX, in our opinion.” Tibco closed Thursday at $26.00.