In a report released today, Shaul Eyal from Oppenheimer maintained a Hold rating on Teradata (NYSE: TDC). The company’s shares closed yesterday at $36.62.
Eyal wrote:
“a non-GAAP basis, TDC posted EPS/revenue of $0.36/$526M compared with the consensus $0.31/$535M estimates. Revenue rose 2% year/year in constant currency, flat as reported. Recurring revenue increased by 7% (9% cc). Subscriptions contributed 82% of the bookings mix, ahead of recently increased full- year guidance of 65-70%. FX volatility resulted in 1.5 points of sequential headwind compared to 2Q. The ongoing transition to the subscription model and the timing of TDC’s internal investments remain key variables impacting progress. The company continues to benefit from the rising importance of data for enterprises and from rapidly increasing data volumes. We maintain our Perform rating.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 15.5% and a 67.1% success rate. Eyal covers the Technology sector, focusing on stocks such as Proofpoint Inc, Nice-Systems, and Mimecast Ltd.
Currently, the analyst consensus on Teradata is a Moderate Sell with an average price target of $34.
See today’s analyst top recommended stocks >>
Based on Teradata’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $544 million and net profit of $4 million. In comparison, last year the company earned revenue of $526 million and had a net profit of $13 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Teradata Corp. engages in the provision of data platforms, consulting services, marketing, and analytic solutions. It operates through the Americas Region and International Region segments. The Americas Region segment consists of North America and Latin America. The International Region segment includes Europe, Middle East, Africa, Asia Pacific, and Japan.
