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TDC

Teradata

$29.21

-1.79 (-5.77%)

13:03
10/03/16
10/03
13:03
10/03/16
13:03

UBS says sell Teradata with pivot to cloud seen being tougher than expected

Teradata (TDC) slumped Monday after UBS cut the stock to Sell ahead of the company's November 17 analyst day, arguing that the analytics and database provider may be facing a tougher-than-expected pivot to the cloud. TERADATA CUT TO SELL: UBS analyst Brent Thill downgraded Teradata to Sell on Monday while cutting his price target to $27 from $29. Thill argues that, while Teradata's upcoming analyst day will provide clarity on its transition to the cloud as well as a "much-needed" reset to analyst expectations, he sees downside risk to those estimates because of what he calls a miscalculation of the strain of the company's pivot: Teradata is certainly "taking the right steps" but also has "too many moving pieces to get comfortable with," and the stock's 17% run-up during the year also gives him pause. The analyst's customer checks show robust business and strong brand loyalty, but Thill anticipates continued "volatility" in financial performance due to stubbornly soft demand in Teradata's core business, "potentially cannibalistic" product launches, negative optics from the shift to subscription billing, and a "sustained price deflationary product mix" of consulting, cloud, and low-end offerings. PRICE ACTION: Shares of Teradata are down 5.2% to $29.38 in afternoon trading.

TDC Teradata
$29.21

-1.79 (-5.77%)

06/24/16
COWN
06/24/16
INITIATION
Target $30
COWN
Market Perform
Teradata initiated with a Market Perform at Cowen
Cowen analyst J Wood initiated Teradata with a Market Perform and price target of $30.
07/15/16
LYON
07/15/16
DOWNGRADE
Target $29
LYON
Underperform
Teradata downgraded to Underperform from Buy at CLSA
CLSA analyst Ed Maquire downgraded Teradata to Underperform from Buy and cut its price target to $29 from $35. The analyst said recent work on AWS offerings in analytics and databases as well as Open Source products has led to concerns about a sustained deflationary impact on Teradata's core business.
09/30/16
COWN
09/30/16
NO CHANGE
COWN
Hortonworks checks 'concerning,' quarter at risk, says Cowen
Cowen analyst J. Derrick Wood said his checks suggest there have been many high-level employee departures at Hortonworks (HDP) and he also thinks that sales productivity is constrained, presenting risk to its quarterly results. Meanwhile, he said that his checks on Teradata (TDC) remain constructive, noting that he is hearing the company is already signing orders for cloud with its core analytical database products now available on AWS. There are "some encouraging data points" for Tableau (DATA), said Wood, who added that he still has more field work to do around its quarter.
10/03/16
UBSW
10/03/16
DOWNGRADE
Target $27
UBSW
Sell
Teradata downgraded to Sell from Neutral at UBS
UBS analyst Brent Thill downgraded Teradata to Sell form Neutral as he sees downside risks to estimates as current consensus forecasts underestimate the duration and magnitude of the much-needed reset of financial expectations. Thill lowered his price target to $27 from $29 on Teradata shares.

TODAY'S FREE FLY STORIES

NVS

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CERS

Cerus

$4.33

0.14 (3.34%)

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XPER

Xperi

$22.85

0.35 (1.56%)

19:26
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Xperi to hold a conference call »

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MDR

McDermott

$7.86

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BDRBF

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GSBC

Great Southern Bancorp

$52.00

0.45 (0.87%)

19:01
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Earnings
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UUUU

Energy Fuels

$1.72

0.035 (2.08%)

18:48
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Energy Fuels names Mark S. Chalmers president and CEO »

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Breaking General news story  »

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RBS

RBS

$8.46

-0.02 (-0.24%)

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Periodicals
RBS plans to leave London headquarters by end of 2019, Reuters reports »

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TROX

Tronox

$21.88

0.07 (0.32%)

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Tronox files lawsuit to prevent FTC from blocking proposed Cristal acquisition »

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UBNK

United Financial

$17.92

-0.03 (-0.17%)

18:00
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Hot Stocks
United Financial reports Q4 provision for loan losses $2.3M »

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UBNK

United Financial

$17.92

-0.03 (-0.17%)

17:59
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Earnings
United Financial reports Q4 EPS with items 19c, consensus 30c »

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SPY

SPDR S&P 500 ETF Trust

$283.29

0.6 (0.21%)

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S&P 500

17:55
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SPDR S&P 500 ETF Trust

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HESM

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GWB

Great Western

$44.29

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ARAY

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$5.20

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On The Fly: After Hours Movers »

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NTIP

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UAL

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NAVI

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CREE

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COF

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PBYI

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SIGM

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UAL

United Continental

$77.97

1.11 (1.44%)

17:25
01/23/18
01/23
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Earnings
United Continental sees FY18 EPS $6.50-$8.50, consensus $6.97 »

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Conference/Events
The Chicago Council on Global Affairs to hold a panel discussion »

The Chicago Council on…

MULE

MuleSoft

$25.08

-0.31 (-1.22%)

17:21
01/23/18
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Initiation
MuleSoft initiated at Nomura Instinet »

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  • 15

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MDB

MongoDB

$28.83

0.02 (0.07%)

17:19
01/23/18
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17:19
Initiation
MongoDB initiated at Nomura Instinet »

MongoDB initiated with a…

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UAL

United Continental

$77.97

1.1 (1.43%)

17:19
01/23/18
01/23
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01/23/18
17:19
Hot Stocks
Breaking Hot Stocks news story on United Continental »

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UAL

United Continental

$77.97

1.1 (1.43%)

17:18
01/23/18
01/23
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17:18
Hot Stocks
Breaking Hot Stocks news story on United Continental »

United sees FY18 CASM…

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APTI

Apptio

$24.39

0.02 (0.08%)

17:17
01/23/18
01/23
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17:17
Initiation
Apptio initiated at Nomura Instinet »

Apptio initiated with a…

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  • 05

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VMW

VMware

$137.96

1.27 (0.93%)

17:16
01/23/18
01/23
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17:16
Initiation
VMware initiated at Nomura Instinet »

Nomura starts VMware with…

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