Oppenheimer analyst Shaul Eyal maintained a Hold rating on Teradata (TDC) today. The company’s shares closed yesterday at $43.72.
Eyal wrote:
“a non-GAAP basis, TDC posted EPS/revenue of $0.22/$468M vs. the consensus estimate of $0.20/$486M. TDC notes that it is seeing good customer activity as well as strong demand for its Teradata Vantage platform, and, encouragingly, recurring revenue increased by 10% (13% in constant currency). The company highlighted the fact that a few sizable subscription transactions in the Americas slipped from 1Q into 2Q. In addition, TDC notes that a robust deal pipeline gives management confidence in their ability to achieve FY19 guidance. The ongoing shift to a subscription model and the timing of TDC’s internal investments remain key variables impacting TDC’s trajectory. We maintain our Perform rating.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 17.7% and a 69.5% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and CyberArk Software.
Currently, the analyst consensus on Teradata is a Hold with an average price target of $47.60.
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The company has a one-year high of $49.42 and a one-year low of $34.06. Currently, Teradata has an average volume of 1.09M.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, James Ringler, a Director at TDC sold 10,710 shares for a total of $496,301.
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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.
