The sector is healthy. I wouldn't bet against VR missing back to back quarters. Will the internal issues be fixed this quarter? Doubt it. TIBCO could go up or down 10% at its current valuation which means its fairly valued right now ( leading into earnings ).
If TIBCO can ever figure out how to get the entire company firing on all cylinders at the same time for a few quarters...they could be trading in the 40's.
Valuation is high based on last quarter but you need to dig a bit deeper than just looking at a 90 day period.
I expect TIBCO to make an acquisition in the next 90 days.