Teradata Corporation (TDC) is Reiterated by Mizuho to Neutral, Raises Price Target to $ 28

Teradata Corporation (TDC) was Reiterated by Mizuho to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $24 . Mizuho advised their investors in a research report released on Aug 3, 2016.

Many Wall Street Analysts have commented on Teradata Corporation. Teradata Corporation was Downgraded by CLSA to ” Underperform” on Jul 15, 2016.

On the company’s financial health, Teradata Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.60. The company had revenue of $599.00 million for the quarter, compared to analysts expectations of $559.18 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Teradata Corporation opened for trading at $29 and hit $29.826 on the upside on Tusday, eventually ending the session at $29.42, with a gain of 3.63% or 1.03 points. The heightened volatility saw the trading volume jump to 52,88,857 shares. Company has a market cap of $3,825 M.

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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