Teradata Corporation (TDC) is Downgraded by CLSA to Underperform

Teradata Corporation (TDC) was Downgraded by CLSA to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. CLSA advised their investors in a research report released on Jul 15, 2016.

On the company’s financial health, Teradata Corporation reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.37. The company had revenue of $545.00 million for the quarter, compared to analysts expectations of $522.93 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Teradata Corporation closed down -0.03 points or -0.11% at $27.09 with 13,15,466 shares getting traded on Wednesday. Post opening the session at $27.24, the shares hit an intraday low of $26.89 and an intraday high of $27.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 31, 2016, Daniel L Harrington (EVP, Intl Region & Global Svcs) sold 9,574 shares at $27.60 per share price. According to the SEC, on May 31, 2016, Robert Fair (Chief Operating Officer) sold 32,500 shares at $27.88 per share price. On Mar 10, 2016, Michael Koehler (President and CEO) sold 350,000 shares at $26.78 per share price, according to the Form-4 filing with the securities and exchange commission.

Teradata Corporation (Teradata) is a provider of analytic data platforms marketing and analytic applications and related services. The Company’s analytic data platforms consist of software hardware and related business consulting and support services for data warehousing and big data analytics. The Company operates in two segments: data and analytics and marketing applications. The Company’s software and hardware products include Teradata Database Software Teradata Workload-Specific Platforms Teradata Aster Discovery Platform Teradata Portfolio for Hadoop Teradata QueryGrid and Teradata Marketing Applications. Its service offerings include Teradata Business Consulting Services Teradata Technology and Implementation Services Teradata Cloud Services Teradata Managed Services Teradata Marketing Services Teradata Customer Support Services and Training Services.

Teradata Corporation

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