Teradata Drops as Morgan Stanley Cuts 2013 Estimates

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Katy Huberty, an analyst at Morgan Stanley, removes Teradata
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
ORCL
and Tibco
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.
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