Teradata (NYSE:TDC) Stock, Quote.Headers.trade-ideas

Teradata

Teradata Corp provides analytic data products and related services. The Company operates in data and analytics, which captures, integrates, stores, manages, and analyzes data of all types to answer business questions and deliver insight; and marketing applications, which offer marketing management products to help businesses win customer loyalty. Its solutions include components such as data warehousing, Asset optimization, Fraud prevention, Product innovation, and risk mitigation. A majority of the firm's revenue is generated in the United States.

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For the quarter ended June 2024, Teradata (NYSE: TDC) reported revenue of $436 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.48 in the year-ago quarter.

Teradata Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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U.S. stock markets saw a strong recovery on Tuesday, with both the S&amp;P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday’s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy’s ability to avoid a recession. 

Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What&#39;s Driving Markets Tuesday?

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These Analysts Cut Their Forecasts On Teradata Following Q2 Results

Teradata Corp

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TDCX INC ADS

Revealing a significant insider sell on September 11, Hillary Ashton, Chief Product Officer at Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>), as per the latest SEC filing.
What Happened: Ashton's recent move involves selling 14,962 shares of Teradata. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000816761/000081676124000155//Archives/edgar/data/816761/000081676124000155/0000816761-24-000155-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value is $411,903.
Monitoring the market, Teradata's shares down by 0.0% at $27.67 during Thursday's morning.
<h3>Delving into Teradata's Background</h3>
Teradata Corp provides analytic data products and related services. The Company operates in data and analytics, which captures, integrates, stores, manages, and analyzes data of all types to answer business questions and deliver insight; and marketing applications, which offer marketing management products to help businesses win customer loyalty. Its solutions include components such as data warehousing, Asset optimization, Fraud prevention, Product innovation, and risk mitigation. A majority of the firm's revenue is generated in the United States.
<h3>Teradata: Delving into Financials</h3>
Negative Revenue Trend: Examining Teradata's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -5.63% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 60.78%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Teradata's EPS reflects a decline, falling below the industry average with a current EPS of 0.38.
</li>
</ul>
Debt Management: Teradata's debt-to-equity ratio is notably higher than the industry average. With a ratio of 8.13, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 43.23 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.54 is lower than the industry average, implying a discounted valuation for Teradata's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 11.29, Teradata's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Cracking Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000816761">Check Out The Full List Of Teradata's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Hillary Ashton Takes Money Off The Table, Sells $411K In Teradata Stock

Teradata becomes Intuit Dome Founding Partner; Team and Arena will leverage Teradata VantageCloud Lake for cloud analytics
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.teradata.com%2F&amp;esheet=54107379&amp;newsitemid=20240812934691&amp;lan=en-US&amp;anchor=Teradata&amp;index=1&amp;md5=ec3e8642d55e8de8119cb0d9d6bb218e">Teradata</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) today announced that it has been named the official cloud analytics partner for the Los Angeles Clippers and Intuit Dome, the team's new arena opening Aug. 15, 2024, in Inglewood, Calif. AI technologies are also among the suite of services the team and arena will be leveraging. Teradata is now a Founding Partner of Intuit Dome with special entitlement of the arena's Halo Loft Level.

Teradata To Deliver Cloud Analytics To The LA Clippers And Intuit Dome

For the quarter ended June 2024, Teradata (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdc#NYSE">TDC</a>) reported revenue of $436 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.48 in the year-ago quarter.
The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $447.58 million. With the consensus EPS estimate being $0.48, the EPS surprise was +33.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company&#39;s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Teradata performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>
<h2>Annual recurring revenue&nbsp;- Total</h2>
	: $1.47 billion versus $1.53 billion estimated by three analysts on average.</li>
<li>
<h2>Annual recurring revenue&nbsp;- Public Cloud</h2>
	: $542 million versus $564.84 million estimated by three analysts on average.</li>
<li>
<h2>Annual recurring revenue&nbsp;- Maintenance and software upgrade rights</h2>
	: $121 million versus $170.95 million estimated by two analysts on average.</li>
<li>
<h2>Annual recurring revenue - Subscription</h2>
	: $802 million versus $813.64 million estimated by two analysts on average.</li>
<li>
<h2>Revenue- Perpetual software licenses and hardware</h2>
	: $5 million compared to the $9.43 million average estimate based on three analysts. The reported number represents a change of -61.5% year over year.</li>
<li>
<h2>Revenue- Recurring</h2>
	: $368 million versus $362.33 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change.</li>
<li>
<h2>Revenue- Consulting services</h2>
	: $63 million versus $75.06 million estimated by three analysts on average.</li>
<li>
<h2>Gross profit- Consulting services</h2>
	: $7 million versus the two-analyst average estimate of $9.69 million.</li>
<li>
<h2>Gross profit- Recurring</h2>
	: $258 million versus the two-analyst average estimate of $257.07 million.</li>
</ul>
Shares of Teradata have returned -14.1% over the past month versus the Zacks S&amp;P 500 composite&#39;s -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2317167/teradata-tdc-q2-earnings-how-key-metrics-compare-to-wall-street-estimates?cid=CS-BENZ-FT-fundamental_analysis|nfm-2317167">To read this article on Zacks.com click here.</a>

U.S. stock markets saw a strong recovery on Tuesday, with both the S&amp;P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday&#8217;s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy&#8217;s ability to avoid a recession. 
Gains were observed in both small-cap and blue-chip stocks, reflecting broad improvement in market sentiment.
The CBOE Volatility Index (VIX), often referred to as the market&#8217;s fear gauge, decreased by almost 40% on Tuesday after spiking 65% on Monday. 
According to the FedWatch Tool, the likelihood of a 50-basis-point interest rate cut decreased to 90% Monday to 64% Tuesday. 
As traders reassess Fed rate cuts, Treasury yields increased during the day, with the 10-year yield rising by 11 basis points to 3.9% and the two-year yield climbing 9 basis points to 4.01%.
The rebound of the U.S. dollar was supported by rising yields and diminished expectations of a larger Federal Reserve rate cut in September. The dollar increased by 0.8% against the low-yielding Japanese yen, breaking a streak of five consecutive days of losses.
In terms of macroeconomic data, the day was relatively quiet, with only June&#8217;s trade figures making news. The U.S. trade deficit narrowed to $73.1 billion in June 2024 from a revised 20-month high of $75 billion in May, slightly above market forecasts of a $72.5-billion gap. Exports increased by 1.5% to $265.9 billion, the second-highest on record, while imports grew by a more modest 0.6% to $339 billion.
Gold and oil prices both decreased by 0.7% and 0.8%, respectively, marking their fourth consecutive session of declines.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded by 4.9% after experiencing a 7% drop on Monday.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,312.03</td>
<td>2.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,295.41</td>
<td>2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.01</td>
<td>1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,301.11</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:55 p.m. ET </figcaption></figure>
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was trading 2.2% higher to $528.42.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.7% to $393.21.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 2.4% to $445.63.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $206.06.</li>
<li>All 11 sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, increasing by 3.1%. The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) witnessed the smallest gain, up 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied over 6%, snapping three straight session of losses. </li>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) soared over 5%, marking its best one-day surge in a month. </li>
</ul>
Stocks reacting to company earnings included: 
<ul>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), down by nearly 18%, </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), up 3.8%,</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), up 6.9%,</li>
<li>CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), up 3.7%,</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), up 2.3%,</li>
<li>Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), down 4.4%,</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), up 6.7%,</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), down 1%,</li>
<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), down 0.7%,</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) up 9%, </li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), up 6.8%,</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) up 12.3%, </li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), up 11%</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) down about 14%,</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) down 6.7%,</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) up 3.7%,</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>), down nearly 19%.</li>
</ul>
Companies reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
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Photo via Shutterstock.

Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What's Driving Markets Tuesday?

TD Cowen analyst J. Derrick Wood maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Hold and lowers the price target from $37 to $29.

TD Cowen Maintains Hold on Teradata, Lowers Price Target to $29

Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) reported mixed financial results for the second quarter and announced a restructuring plan that will reduce its global workforce by <a href="https://www.benzinga.com/quote/TDC/earnings">approximately 9% to 10%</a>.
Teradata reported quarterly earnings of 64 cents per share which beat the analyst consensus estimate of 48 cents per share. The company reported quarterly sales of $436.000 million which missed the analyst consensus estimate of $447.036 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
&#8220;Teradata delivered another quarter of strong growth in Cloud ARR, increasing 32% in constant currency, and we maintained our robust 123% net expansion rate in the cloud,&#8221; said Steve McMillan, President and Chief Executive Officer, Teradata. &#8220;We are taking decisive action across the business to improve our execution and efficiency to reaccelerate profitable growth. The underlying fundamentals of our business are strong. In a world where analytics and AI underpin a company&#8217;s success, our hybrid cloud platform and foundation of trusted data and analytics are what they need to consistently deliver value to their business.&#8221;
Teradata shares fell 12% to trade at $25.66 on Tuesday.
These analysts made changes to their price targets on Teradata following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7ba8875f2b9b000115d4f6/erik-woodring">Morgan Stanley analyst Erik Woodring</a> maintained Teradata with an Equal-Weight rating and lowered the price target from $44 to $30.</li>
<li>Northland Capital Markets analyst Nehal Chokshi maintained the stock with an Outperform rating and cut the price target from $49 to $38.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d94a93b85e930001fd9dc4/raimo-lenschow">Barclays analyst Raimo Lenschow</a> maintained Teradata with an Underweight rating and lowered the price target from $35 to $30.</li>
<li>RBC Capital analyst Matthew Hedberg maintained the stock with a Sector Perform and lowered the price target from $40 to $32.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/65158bfd5bc5160001c6cef8/chirag-ved">Evercore ISI Group analyst Chirag Ved</a> maintained Teradata with an Outperform and lowered the price target from $46 to $34.</li>
<li>JMP Securities analyst Patrick Walravens downgraded Teradata from Market Outperform to Market Perform.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40191584/wall-streets-most-accurate-analysts-say-buy-these-3-tech-and-telecom-stocks-with-over-5-">Wall Street&#8217;s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields</a></li>
</ul>

Morgan Stanley analyst Erik Woodring maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Equal-Weight and lowers the price target from $44 to $30.

Morgan Stanley Maintains Equal-Weight on Teradata, Lowers Price Target to $30

Northland Capital Markets analyst Nehal Chokshi maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Outperform and lowers the price target from $49 to $38.

Northland Capital Markets Maintains Outperform on Teradata, Lowers Price Target to $38

Barclays analyst Raimo Lenschow maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Underweight and lowers the price target from $35 to $30.

Barclays Maintains Underweight on Teradata, Lowers Price Target to $30

RBC Capital analyst Matthew Hedberg maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Sector Perform and lowers the price target from $40 to $32.

RBC Capital Maintains Sector Perform on Teradata, Lowers Price Target to $32

Evercore ISI Group analyst Chirag Ved maintains Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) with a Outperform and lowers the price target from $46 to $34.

Evercore ISI Group Maintains Outperform on Teradata, Lowers Price Target to $34

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Tuesday.
Shares of ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) shares declined 15.2% to $8.31 in pre-market trading after the company reported worse-than-expected financial results for the second quarter and <a href="https://www.benzinga.com/news/24/08/40173882/zoominfo-technologies-q2-earnings-revenue-miss-eps-miss-soft-guidance-cfo-transition-and-more">announced a management transition</a>.
The company announced that CFO Cameron Hyzer will step down from his role. Hyzer will remain in an advisory capacity until Oct. 7 to help facilitate a smooth transition. Graham O&#8217;Brien has been named interim CFO, effective Sept. 6.
ZoomInfo Technologies shares dipped 15.2% to $8.31 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Chegg Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares declined 18.7% to $2.38 in pre-market trading following second-quarter results.</li>
<li>Helport AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPAI#NASDAQ">HPAI</a>) shares fell 15.2% to $7.15 in pre-market trading after declining 24% on Monday.</li>
<li>Sumitomo Mitsui Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) fell 10.5% to $10.80 in pre-market trading after declining around 4% on Monday.</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) shares declined 8% to $26.83 in pre-market trading following weak quarterly sales.</li>
<li>Mizuho Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) fell 7% to $3.57 in pre-market trading after declining over 5% on Monday.</li>
<li>Mitsubishi UFJ Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) shares declined 5.6% to $8.96 in pre-market trading.</li>
<li>Cerus Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) fell 4.5% to $2.12 in pre-market trading following a 5% decline on Monday.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) shares slipped 3.6% to $57.78. Sea will announce its second quarter results before the opening bell on Aug. 13.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Movers

CERS

CHGG

HPAI

MUFG

SMFG

ZoomInfo Reports Weak Results, Joins Chegg And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stocks look to bounce back on Tuesday following an across-the-board sell-off in the previous session. Strategists say<a href="https://www.benzinga.com/markets/equities/24/08/40179293/strategist-warns-theres-a-serious-collapse-thats-coming-after-mondays-global-market-crash-tons-a"> all the yen carry trades haven&#8217;t been unwound yet,</a> which raises the specter of incremental weakness. That said, positive reactions to earnings from tech players such as Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) could buoy sentiment.
Tech stocks are reversing course, riding on these positive earnings. The CBOE Volatility Index, widely known as VIX, has pulled back notably toward the 32 level. Given the absence of any major catalysts, volatility will likely remain contained. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.86%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.82%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.71%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.78% to $521.40, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.82% to $438.95, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
Wall Street closed Monday&#8217;s session notably lower, although off its intraday lows. The global equity market plunge set in motion by the Japanese market on Monday spilled over into the U.S. The major averages opened notably lower but a report that showed that the service sector moved into expansion territory helped them trim some of the losses. Yet the averages closed the session sharply lower.
The S&amp;P 500 and the Nasdaq Composite fell for a third straight session, settling at three-month lows, while the Dow Jones Industrial Average retreated to its lowest since June 14.
The sell-off was across the board, with the IT, communication services and consumer discretionary stocks plunging hard.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.43%</td>
<td>16,200.08</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-3.00%</td>
<td>5,186.33</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-2.60%</td>
<td>38,703.27</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.33%</td>
<td>2,039.16</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts: </figcaption></figure>
The recent correction is healthy for the market, according to WisdomTree Senior Economist and Wharton professor Jeremy Siegel. Volatility has finally returned to the market, the economist said, adding that this equity risk is what creates a premium long-term return.
A correction of 5-10% from the highs is healthy, Siegel said. &#8220;I would be more worried had the market continued to surge higher with no correction and created more bubble-like conditions,&#8221; he said.
&#8220;In the short run, if the Fed does not indicate that it will react soon, the outlook is very unsettled.&#8221;
Carson Group&#8217;s Chief Market Strategist Ryan Detrick sees light at the end of the tunnel. Drawing on historical data, the strategist noted that when the S&amp;P 500 Index falls by at least 1% on Thursday, Friday, and Monday, strong returns are typically observed three months later. Historically, this pattern has resulted in gains 90% of the time, with an average increase of around 10%.
&#8220;A year later up 18 of 21 and up 22.5% on avg,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 down at least 1% on a Thursday, Friday, and Monday? Pretty strong returns across the board. 3 months later higher 90% of the time and up nearly 10% on avg. A year later up 18 of 21 and up 22.5% on avg. Huh. Good chance those times felt pretty bad also. <a href="https://t.co/srKtgx1vqx">pic.twitter.com/srKtgx1vqx</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1820678336277856286?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release its trade balance report for June at 8:30 a.m. EDT. Economists, on average, expect a narrowing of the trade deficit from $75.1 billion in May to $72.5 in June.</li>
<li>The Treasury will auction three-year notes at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Palantir climbed over 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>The other stocks moving on earnings are Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (up 9%), ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) (down about 7.50%), Navitas Semiconductor (up about 5%), ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) (down nearly 15%), Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) (down about 8%) and Yum China Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NASDAQ">YUMC</a>) (up over 8%) </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) and Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening</a>.</li>
<li>Those reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded after three straight sessions of declines and gold futures also advanced moderately, while the 10-year benchmark Treasury note yield rose 5.4 basis points to 3.836%.
Bitcoin (CRYPTO: BTC<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40153940/bitcoin-crashes-below-50k-briefly-crypto-market-records-over-1b-in-liquidations-in-24-hour">)</a> climbed over 6.5% and approached the $55K level.
In Asia, the sentiment was mixed. The Japanese market, which was the epicenter of Monday&#8217;s sell-off, rebounded strongly, with the Nikkei 225 average climbing over 10%. The Taiwanese and South Korean markets also rose notably. The Chinese market advanced, although the gain was much more modest, and the Australian market finished strong amid the nation&#8217;s central bank deciding to keep interest rates unchanged. On the other hand, the Indian, Malaysian, Hong Kong and New Zealand markets moved to the downside.
European stocks were lower in early trading amid volatility. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40178601/global-market-crash-sparks-reflection-on-jeff-bezos-2000-dotcom-comments-after-amazons-80-plunge">Global Market Crash Sparks Reflection On Jeff Bezos&#8217; 2000 Dotcom Comments After Amazon&#8217;s 80% Plunge: &#8216;We&#8217;re A Company That Wants To Be Weighed, And Over Time We Will Be&#8217;</a></li>
</ul>
Image Created Using Midjourney

Futures

Previews

Economics

NVTS

US Stocks Set To Open Higher After Monday's Crash, VIX Plummets: Analyst Says Would Have Worried If Market Surged Higher Without Correction

WIIM

Teradata shares are trading lower after the company reported mixed Q2 results, with better-than-expected adjusted EPS but a miss on sales. Additionally, Teradata announced a restructuring plan that will reduce its global workforce by approximately 9% to 10%. JMP Securities downgraded the stock from Market Outperform to Market Perform.

JMP Securities analyst Patrick Walravens downgrades Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) from Market Outperform to Market Perform.

Downgrades

JMP Securities Downgrades Teradata to Market Perform

Guidance

Teradata Now Expects FY24 Total Revenue In The Range Of -2% To -4% Y/Y In Constant Currency Vs. Prior View For Growth Of 0% - 2% In Constant Currency

For the full-year 2024, Teradata updates the following ranges:
<ul>
<li>Public cloud ARR growth of&nbsp;28%&nbsp;to&nbsp;32%&nbsp;year-over-year, in constant currency</li>
<li>Total ARR in the range of&nbsp;-2%&nbsp;to&nbsp;-4%&nbsp;year-over-year, in constant currency</li>
<li>Recurring revenue in the range of flat to&nbsp;-2%&nbsp;year-over-year, in constant currency</li>
<li>Total revenue in the range of&nbsp;-2%&nbsp;to&nbsp;-4%&nbsp;year-over-year, in constant currency</li>
<li>Cash flow from operations of&nbsp;$290 million&nbsp;to&nbsp;$310 million</li>
<li>Free cash flow of&nbsp;$270 million&nbsp;to&nbsp;$290 million</li>
<li>GAAP diluted EPS is expected to be in the range of&nbsp;$0.89&nbsp;to&nbsp;$0.95&nbsp;per share</li>
<li>Non-GAAP diluted EPS is expected to be in the range of&nbsp;$2.20&nbsp;to&nbsp;$2.26&nbsp;per share</li>
</ul>

Teradata Expects Q3 Adj EPS Of $0.54 - $0.58, Est $0.49; Revises FY24 Range From $2.15 - $2.31 To $2.20 - $2.26, Est $2.18

On August 5, 2024, the Company announced that it has realigned its sales function and has initiated global restructuring and cost reduction actions to optimize operations, reduce non-revenue generating expenses, and drive efficiencies for long-term growth and profitability.
The majority of the actions related to the Restructuring are expected to be completed by the end of 2024, with remaining actions to be completed by the end of 2025.
The Restructuring is expected to result in ongoing annualized cost savings of between $75 to $80 million, the majority of which are expected to be the result of reductions in operating expenses. The Savings will primarily be initially realized throughout 2024 and 2025.&nbsp;The Company expects to invest a portion of the Savings back into revenue generating growth areas of the Company starting in 2025.

Teradata Plans Restructuring That Will Result In Reduction Of Workforce Affecting Approximately 9% To 10% Of Global Workforce

Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.48 by 33.33 percent. The company reported quarterly sales of $436.000 million which missed the analyst consensus estimate of $447.036 million by 2.47 percent. This is a 5.63 percent decrease over sales of $462.000 million the same period last year.

Earnings Beats

Earnings Misses

Teradata Q2 2024 Adj. EPS $0.64 Beats $0.48 Estimate, Sales $436.000M Miss $447.036M Estimate

Throughout the last three months, 8 analysts have evaluated Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Teradata and provided 12-month price targets. The average target is $44.5, accompanied by a high estimate of $60.00 and a low estimate of $32.00. Experiencing a 16.04% decline, the current average is now lower than the previous average price target of $53.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1721408420_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Teradata by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Austin Dietz</td>
<td>UBS</td>
<td>Announces</td>
<td>Sell</td>
<td>$32.00</td>
<td>-</td>
</tr>
<tr>
<td>Howard Ma</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>J. Derrick Wood</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$40.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Chirag Ved</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$46.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$60.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$35.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$44.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$39.00</td>
<td>$48.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Teradata. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Teradata compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Teradata's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Teradata's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TDC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Teradata analyst ratings.</a>
<h2>Get to Know Teradata Better</h2>
Teradata Corp provides analytic data products and related services. The Company operates in data and analytics, which captures, integrates, stores, manages, and analyzes data of all types to answer business questions and deliver insight; and marketing applications, which offer marketing management products to help businesses win customer loyalty. Its solutions include components such as data warehousing, Asset optimization, Fraud prevention, Product innovation, and risk mitigation. A majority of the firm's revenue is generated in the United States.
<h3>Teradata's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Teradata faced challenges, resulting in a decline of approximately -2.31% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Teradata's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.3%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Teradata's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 21.16%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.11%, the company showcases effective utilization of assets.
Debt Management: Teradata's debt-to-equity ratio stands notably higher than the industry average, reaching 11.65. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Teradata's Future

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The tech sector presents a strong investment opportunity due to rising demand for advanced solutions, digital transformation, and AI-driven innovations. With IT services spending growing and the hardware market expanding, tech stocks show promising growth potential. Therefore, investors should consider strong tech stocks like Box (BOX), Teradata (TDC), and AstroNova (ALOT), which look undervalued at current prices. Read on... The future of the tech industry looks promising due to the growing demand for advanced solutions in cloud content management, enterprise analytics, and customer support. As businesses continue to embrace digital transformation, the need for specialized tech hardware and advanced analytics tools is further boosting sales and optimism in the tech market.
Against this favorable backdrop, investors might consider investing in undervalued tech stocks such as Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>), Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>), and AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>), which have strong fundamentals.
The tech industry's growth is driven by advancements in AI, IoT, and cloud computing. These innovations enhance efficiency and drive progress, especially in hybrid work environments that demand improved collaboration, data management, and reporting services. With IT services spending expected to rise by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">7.1% this year</a> to $1.61 trillion, the sector presents a compelling investment opportunity.
Similarly, the demand for high-quality hardware, such as digital printing solutions, labeling systems, and data acquisition systems, is driven by increasing workloads across industries, complex processing demands, and customer engagement. Due to this demand for robust electronics to ensure optimal functionality, the IT hardware market is expected to grow at a <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">7.9% CAGR</a>, reaching $191.03 billion by 2029.
Considering these conducive trends, let's assess the fundamentals of the three abovementioned tech picks.
Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>)
BOX provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. It serves financial services, health care, government, and legal services industries internationally.
On August 8, 2024, BOX announced its acquisition of Alphamoon's AI-powered document processing technology, strengthening its Intelligent Content Management platform. This enhances BOX's ability to automate document tasks and extract metadata using advanced OCR and language models.
On August 6, 2024, BOX announced that its AI platform now offers unlimited queries for Enterprise Plus customers. Major Japanese companies like Asahi Group, The Norinchukin Bank, and Hitachi High-Tech are using it company-wide to better manage and utilize unstructured data with generative AI.
In terms of forward non-GAAP <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E</a>, BOX's 19.69x is 15.8% lower than the 23.39x industry average. Its 17.33x forward EV/EBIT is 10.3% lower than the 19.31x industry average.
BOX's revenues for the second quarter ended July 31, 2024, increased 3.3% year-over-year to $270.04 million. Its non-GAAP gross profit increased 9.5% year-over-year to $220.24 million. The company's non-GAAP operating income increased 18.5% year-over-year to $76.69 million.
Additionally, its non-GAAP attributable net income increased 18.3% year-over-year to $64.74 million. Its non-GAAP attributable net income per share increased 22.2% year-over-year to $0.44.
Street expects BOX's EPS and revenue for the quarter ending October 31, 2024, to increase 17.4% and 5.2% year-over-year to $0.42 and $275.10 million, respectively. BOX surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 34.1% to close the last trading session at $32.89.
BOX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #4 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry. It has an A grade for Growth and Quality and a B for Value. <a href="https://stocknews.com/stock/BOX/">Click here</a> to see BOX's Momentum, Stability, and Sentiment ratings.
Teradata Corporation (<a href="https://stocknews.com/stock/TDC/">TDC</a>) 
TDC provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration.
On August 12, 2024, TDC announced its partnership with the Los Angeles Clippers and their new arena, Intuit Dome, as the official cloud analytics provider. TDC will deliver cloud analytics and AI technologies to enhance the fan experience and is a Founding Partner of Intuit Dome.
On July 16, 2024, TDC announced its integration with DataRobot, combining the DataRobot AI Platform with TDC's VantageCloud and ClearScape Analytics. This partnership aims to enhance AI capabilities for enterprises, offering greater flexibility and scalability for deploying AI models.
In terms of forward EV/EBIT, TDC's 8.69x is 55% lower than the 19.31x industry average. Similarly, its 12.40x forward non-GAAP P/E is 47% lower than the 23.39x industry average. Also, its 1.49x forward non-GAAP PEG is 17.6% lower than the 1.81x industry average.
TDC's total revenues for the second quarter ended June 30, 2024, were $436 million. Its non-GAAP operating income was $96 million, up 33.3% year-over-year. Similarly, the company's non-GAAP net income and non-GAAP EPS increased by 26.5% and 33.3%, respectively, from the year-ago values, reaching $62 million and $0.64.
For the quarter ending September 30, 2024, TDC's EPS is expected to increase 33.7% year-over-year to $0.56. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past month, the stock has gained 7.6% to close the last trading session at $27.78.
TDC's robust fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and Quality and a B for Growth and Sentiment. Within the Technology – Services industry, it is ranked #3. To access the additional POWR Ratings of TDC for Momentum and Stability, <a href="https://stocknews.com/stock/TDC/">click here</a>.
AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>)
ALOT designs, develops, manufactures, and distributes specialty printers and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test &amp; Measurement (T&amp;M).
On June 5, 2024, ALOT and its newly acquired MTEX NS subsidiary showcased innovative printing technologies at Drupa 2024. The new solutions include advancements in label, packaging, and flexible packaging printing, reflecting their strengthened position in the digital printing market.
In terms of the trailing-12-month EV/Sales, ALOT's 0.85x is 71.7% lower than the 3.01x industry average. Its 11.02x trailing-12-month EV/EBIT is 56% lower than the 25.08x industry average. Likewise, its 8.07x trailing-12-month EV/EBIT is 54.5% lower than the 17.74x industry average.
ALOT's total revenue for the first quarter ended April 27, 2024, was $32.96 million. Its non-GAAP gross profit was $11.97 million. Moreover, the company's non-GAAP net income was $1.18 million, or $0.15 per common share, representing an increase of 39.3% and 36.4% year-over-year, respectively.
Over the past year, ALOT's stock has gained 15.7% to close the last trading session at $14.85.
ALOT's positive outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
ALOT is ranked #9 out of 40 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry. It has an A grade for Value and a B for Sentiment. To see ALOT's Growth, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/ALOT/">click here</a>.
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<hr />
BOX shares were trading at $33.18 per share on Friday afternoon, up $0.29 (+0.88%). Year-to-date, BOX has gained 29.56%, versus a 18.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/box-tdc-alot-3-undervalued-tech-stocks-with-strong-fundamentals/>3 Undervalued Tech Stocks With Strong Fundamentals</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Undervalued Tech Stocks With Strong Fundamentals

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