Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Why Are Teradata Shares Trading Higher Today?

  • Analysts' reactions to Teradata Corp (NYSE:TDC) post Q4 results remain mixed.
  • Teradata reported a fourth-quarter FY21 revenue decline of 3% year-on-year to $475 million, missing the consensus of $478.6 million. Non-GAAP EPS of $0.57 beat the consensus of $0.27.
  • Teradata sees FY22 revenue to grow flat-to-low-single-digit percentage Y/Y. It raised non-GAAP EPS guidance from $1.60 - $1.70 to $1.82 - $1.92, above the consensus of $1.77.
  • Teradata sees Q1 non-GAAP EPS of $0.63 - $0.67, above the consensus of $0.51.
  • Credit Suisse analyst Phil Winslow lowered the price target on Teradata to $34 from $40 (34% downside) and reiterated an Underperform rating on the shares. 
  • Teradata reported mixed Q4 results, with Cloud ARR marginally better, margins higher, and total revenue and ARR lower than expectations. Management issued mixed 2022 outlook, Winslow adds.
  • Citi analyst Tyler Radke raised the price target on Teradata from $48 to $56.
  • Morgan Stanley analyst Katy Huberty maintained Teradata with an Overweight and raised the price target from $56 to $57, suggesting a 10.6% upside.
  • Price Action: TDC shares traded higher by 27.45% at $51.34 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.