Deutsche Bank Maintains Teradata Corporation to Hold with Price Target $28.00

Brokerage firm Deutsche Bank Maintains its rating on Teradata Corporation(NYSE:TDC). In a research note issued to the investors, the brokerage major Raises the price-target to $28.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 3, 2016.

In a different note, On Jul 15, 2016, CLSA said it Downgrades its rating on Teradata Corporation. The shares have been rated ‘Underperform’ by the firm. Cowen & Company said it Initiates Coverage on Teradata Corporation, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Market Perform’ by the firm.

Teradata Corporation (TDC) shares turned negative on Fridays trading session with the shares closing down -0.18 points or -0.57% at a volume of 10,42,677. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.52. The peak price level was also seen at $31.52 while the days lowest was $31.11. Finally the shares closed at $31.36. The 52-week high of the shares is $31.99 while the 52-week low is $21.98. According to the latest information available, the market cap of the company is $4,089 M.

Teradata Corporation(TDC) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $599.00M. Analysts had an estimated revenue of $559.23M. Earnings per share were $0.71. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Daniel L Harrington (EVP, Intl Region & Global Svcs) sold 9,574 shares at $27.60 per share price.Also, 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.

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