In a report released today, Shaul Eyal from Oppenheimer maintained a Hold rating on Teradata (TDC). The company’s shares closed yesterday at $46, close to its 52-week high of $46.74.
Eyal commented:
“a non-GAAP basis, TDC posted EPS/revenue of $0.49/$588M, well ahead of the consensus $0.44/$566M. The transition of TDC’s model to a subscription basis continues to outpace management expectations, and recurring revenue increased by 10% (13% in constant currency). In January, TDC appointed CEO, succeeding Victor Lund, who transitions from President and CEO to Executive Chairman of the Board of Directors. The ongoing transition to the subscription model and the timing of TDC’s internal investments remain key variables impacting TDC’s trajectory. 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 15.1% and a 66.9% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teradata with a $48.33 average price target, representing a 5.1% upside. In a report issued on February 4, RBC Capital also maintained a Hold rating on the stock with a $45 price target.
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Based on Teradata’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $588 million and net profit of $15 million. In comparison, last year the company earned revenue of $626 million and had a GAAP net loss of $74 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.
