Oppenheimer analyst Shaul Eyal maintained a Hold rating on Teradata (NYSE: TDC) today. The company’s shares closed yesterday at $38.66.
Eyal noted:
“a non-GAAP basis, TDC posted EPS/revenues of $0.26/$544M. Revenue rose 6% y/y, with results beating the consensus $0.19/$524M forecasts. TDC continues to see a faster than expected transition to subscription-based transactions, and as a result, it now expects these bookings will constitute 65%-70% of FY18 bookings compared to management’s prior estimate of 50%-60%. In addition, the company is experiencing the negative impact of adverse FX movements. As a result of these two headwinds, TDC has reduced revenue and EPS expectations for FY18. The ongoing transition to the subscriptions model and the timing of TDC’s internal investments remain key variables impacting progress. We maintain our Perform rating.”
According to TipRanks.com, Eyal is a 5-star analyst with an average return of 14.4% and a 65.0% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
Currently, the analyst consensus on Teradata is a Hold with an average price target of $42.50, representing a 9.9% upside. In a report issued on July 24, Standpoint Research also downgraded the stock to Hold.
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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 $513 million and had a GAAP net loss of $4 million.
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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.
