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

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UPDATE: Teradata Shares Gain On Upbeat Q3 Earnings
Earnings Scheduled For November 6, 2014
Making Money With Charles Payne: 10/29/14 (Fox Business)

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
Dec 2014Great LakesDowngradesGradually AccumulateHold
Sep 2014Monness Crespi HardtInitiates Coverage onSell
Sep 2014Pacific CrestInitiates Coverage onSector Perform

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