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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
Sep 2014Monness Crespi HardtInitiates Coverage onSell
Sep 2014Pacific CrestInitiates Coverage onSector Perform
Sep 2014BarclaysDowngradesOverweightEqual-weight

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