Oppenheimer Maintains Their Hold Rating on Teradata

Oppenheimer analyst Shaul Eyal maintained a Hold rating on Teradata (NYSE: TDC) today. The company’s shares closed yesterday at $40.

Eyal commented:

“For 1Q18, on a non-GAAP basis, TDC posted $0.19/$506M, with revenue up 3% y/y, beating the consensus $0.16/$496M. The pace of the model transition to a greater proportion of subscription revenue is impacting both the company’s revenue trajectory and its margin profile. TDC has updated its reporting format with new metrics. The company’s revenue breakdown now includes recurring revenue and perpetual software licenses and hardware revenue (our model has not yet been updated to reflect these changes). The ongoing transition to subscriptions and the timing of TDC’s internal investments remain key variables impacting the speed of the company’s strategic progress. We maintain our Perform rating.”

According to TipRanks.com, Eyal is a top 100 analyst with an average return of 13.7% and a 65.4% 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 Hold and the average price target is $38, representing a -5.0% downside.

In a report released today, BMO Capital also reiterated a Hold rating on the stock with a $40 price target.

Find more picks by Best Performing Analysts >>

Based on Teradata’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $506 million and GAAP net loss of $7 million. In comparison, last year the company earned revenue of $491 million and had a GAAP net loss of $2 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Laura Nyquist, the GC & Secretary of TDC sold 52,379 shares for a total of $2,174,252.

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.