By Denny Jacob Teradata shares dived 23% to $37.41 following its outlook for the current quarter that came in below Wall Street's estimates. The stock is.
Teradata Corp. (TDC) shares are falling more than 22 percent on Tuesday morning trade after the company's projection for first-quarter earnings came in below the Street estimates.
Teradata (NYSE:TDC – Get Free Report) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday, Briefing.com reports. They currently have a $48.00 price target on the technology company’s stock, down from their previous price target of $74.00. Morgan […]
Shares of data and analytics software provider Teradata (NYSE:TDC) fell 24.1% in the morning session after the company reported fourth-quarter results, which missed Wall Street's expectations for ARR (annual recurring revenue), though revenue beat. In addition, profit and EPS both came in better. Guidance was a key driver of the stock weakness. ARR, revenue, and non-GAAP EPS guidance for 2024 were all below expectations.