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Teradata Falling on Morgan Stanley Estimate Decrease; Removed From Best Ideas List

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Katy Huberty, an analyst at Morgan Stanley, removes Teradata (NYSE: TDC) from Best Ideas list, while also cutting both revenue and EPS estimates for 2013.

Specifically, Huberty cut 2013 revenue estimates to $2.88 billion from $2.92 billion and 2013 EPS estimates to $3.05 from $3.15.

Huberty has cited an April CIO survey displaying growth deceleration for business vendors and weak results from Teradata peers such as Oracle (NYSE: ORCL) and Tibco (NASDAQ: TIBX).

However, Huberty did go on to say that Teradata is well positioned competitively and believes that the company will achieve 10% annual revenue growth over the mid- to long-term time horizon.

TDC is currently down ~5.75 percent, now at the lows of the day for Thursday's trading session.

Latest Ratings for TDC

DateFirmActionFromTo
Oct 2016UBSDowngradesNeutralSell
Aug 2016Deutsche BankMaintainsHold
Jul 2016CLSADowngradesBuyUnderperform

View More Analyst Ratings for TDC
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