Market Overview

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

Share:
Related TDC
Earnings Scheduled For February 9, 2017
8 Biggest Price Target Changes For Monday
What Makes You Put a Stock in the 'Too Hard' Pile? (GuruFocus)

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
Feb 2017MizuhoDowngradesNeutralUnderperform
Jan 2017Wells FargoInitiates Coverage OnUnderperform
Oct 2016UBSDowngradesNeutralSell

View More Analyst Ratings for TDC
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings

 

Related Articles (ORCL + TDC)

View Comments and Join the Discussion!