Cowen & Company Initiates Coverage on Teradata Corporation to Market Perform

Cowen & Company Initiates Coverage on Teradata Corporation(NYSE:TDC). The shares have been rated Market Perform. The rating by Cowen & Company was issued on Jun 24, 2016.

In a different note, On May 5, 2016, Summit Research said it Upgrades its rating on Teradata Corporation. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Hold’ by the firm.

Teradata Corporation (TDC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.28% or 0.07 points. Due to strong positive momentum, the stock ended at $24.94, which is also near the day’s high of $25.07. The stock began the session at $24.96 and the volume stood at 24,44,440 shares. The 52-week high of the shares is $37.53 and the 52 week low is $21.98. The company has a current market capitalization of $3,242 M and it has 13,00,00,000 shares in outstanding.

Teradata Corporation(TDC) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $545.00M. Analysts had an estimated revenue of $518.05M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.37.

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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