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Mon, Oct. 3, 2:02 PM
- Neutral rating prior. Price target lowered to $27 (current price $29.43) from $29.
- Analyst Brent Thill considers Teradata's (TDC -5.1%) shift to an increasingly cloud-focused business model representative of a need to adjust financial expectations. He sees consensus forecasts not adequately factoring in timeframe and impact of the transition.
- Further attributes year-to-date outperformance (+17% vs. 6% NASDAQ) to the call.
Tue, Aug. 2, 6:50 AM
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Thu, May 5, 10:21 AM
- Teradata (NYSE:TDC) is up 4.3% in early going after a Q1 beat where it issued strong guidance for 2016 profits.
- The company named Victor Lund to replace Mike Koehler as CEO, effective immediately. Lund has acted as chair of Teradata's audit committee and was non-executive chairman at DemandTec for several years.
- Revenues fell but came in above expectations, and profits grew 57% on a non-GAAP basis. Gross margin (non-GAAP) grew to 51.1% from the prior year's 49.3%.
- Teradata guided to full-year EPS of $2.35-$2.50 (vs. consensus of $2.35) and revenues of $2.25B-$2.32B.
- Q1 revenue by segment: Americas Data and Analytics, $295M (down 12%); International Data and Analytics, $216M (up 4%); Marketing Applications, $34M (down 11%). The company agreed to sell its Marketing Applications business last month for $90M.
Thu, May 5, 6:48 AM
- Teradata (NYSE:TDC): Q1 EPS of $0.47 beats by $0.10.
- Revenue of $545M (-6.4% Y/Y) beats by $25.72M.
Wed, May 4, 5:30 PM
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Mon, Apr. 25, 3:44 PM
- Teradata (TDC -1.3%) today says it's disposing of its marketing applications business in a deal worth $90M.
- The company is selling the business to Marlin Equity Partners via its affiliate TMA. There's no financing condition on the deal and it's expected to close in Q2.
- Teradata had said in the fall that it intended to exit the business, which it had acquired in a $525M deal for Aprimo in 2010, so that it could focus on its data/analytics business.
- Now read Teradata: Has Light Been Seen At The End Of The Tunnel? »
Fri, Feb. 5, 3:59 PM
- Add Red Hat (RHT -8.1%), Autodesk (ADSK -6.9%), and Teradata (TDC -8%) to the list of enterprise tech firms nosediving following weak Q1/2016 guidance from business intelligence/data visualization software firm Tableau and professional social networking/online jobs leader LinkedIn. The Nasdaq is down 3.4%, and the S&P 2%, in the wake of this morning's jobs report.
- Other big decliners include Varonis (VRNS -13.4%), Gigamon (GIMO -9.7%), Pegasystems (PEGA -10.3%), SGI (SGI -7.5%), LogMeIn (LOGM -8.6%), inContact (SAAS -10.8%), Attunity (ATTU -14.4%), Textura (TXTR -6.8%), and Tableau rival MicroStrategy (MSTR -6.6%). A slew of other enterprise names were previously covered here - the group includes many cloud software and security tech firms.
- Teradata is just a day removed from rallying in the wake of a Q4 sales beat and healthy 2016 guidance.
Thu, Feb. 4, 12:34 PM
- Teradata's (NYSE:TDC) 2016 non-GAAP revenue guidance of $2.275B-$2.32B is officially below a $2.37B consensus. However, the guidance excludes revenue from Teradata's marketing app business. which (in-line with plans announced in November) the company plans to sell near the end of Q1. The business had 2015 revenue of $152M.
- 2016 EPS guidance is at $2.35-$2.50, above a $2.30 consensus and reported 2015 EPS of $2.06. The guidance excludes an expected $7M post-tax Q1 marketing app division loss.
Q4 details: Teradata's core Data and Analytics business (data warehousing hardware/software, pressured by competition) saw revenue drop 6% Y/Y (-1% exc. forex) in Q4 to $559M, a slightly smaller drop than Q3's 9%. Total product revenue (drives future services revenue) fell 11% to $320M. Services revenue fell fractionally to $399M.
Non-GAAP gross margin was 52.2%, up from 50.7% in Q3 and down from 56.9% a year ago. GAAP SG&A spend was flat Y/Y at $213M; R&D rose by $1M to $55M. $99M was spent to buy back 3.5M shares, bringing the full-year buyback sum to $573M. Teradata ended Q4 with $839M in cash (over 95% offshore) and $780M in debt.
- Teradata's Q4 results, earnings release
Thu, Feb. 4, 7:09 AM
- Teradata (NYSE:TDC): Q4 EPS of $0.70 in-line.
- Revenue of $719M (-5.5% Y/Y) beats by $17.79M.
Wed, Feb. 3, 5:30 PM
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Tue, Jan. 19, 10:56 AM
- Hortonworks (NASDAQ:HDP) has plunged below $13 (making new post-IPO lows along the way) after pre-announcing its Q4 sales/billings and filing a shelf registration for a follow-on stock offering.
- Needham's Richard Kugele (Buy, $21 target) wants some more details about the offering. "Clearly some type of capital raise was anticipated (and the company said as much previously), but there was also no sense of urgency on the part of management in any public commentary. We believe it will be incumbent on HDP during its roadshow to show why this offering, announced in this way, at this time should not be interpreted as evidence of serious difficulty. Given our overarching positive stance on the space and the company’s relative position within it, we maintain our Buy rating."
- With public investors increasingly cautious in how they value fast-growing tech companies incurring big losses, Hortonworks is now worth $599M - much less than the $1B+ it was valued at in a 2014 funding round. Teradata's (TDC -0.3%) 6.3% stake in the company is now worth $38M. Yahoo's 15.1% stake is worth $98M.
- Hortonworks' Q4 report arrives on Feb. 10. Teradata reports on Feb. 4.
Wed, Jan. 6, 1:46 PM
- Barclays' Raimo Lenschow has downgraded firewall/security software firm Check Point (CHKP -1.9%), cloud talent management software firm Cornerstone OnDemand (CSOD -2.7%), and data warehousing hardware/software provider Teradata (TDC -3.8%) to Underweight. Cloud HR/financials software vendor Workday (WDAY -3.6%) and e-commerce software/services provider Demandware (DWRE -2.9%) have been cut to Equal Weight.
- Cloud HR software firm Paycom (PAYC -1%), on the other hand, has been upgraded to Overweight on a belief consensus estimates are too low. Meanwhile, BofA/Merrill has launched coverage on Demandware at Buy.
- Regarding Check Point, Lenschow says he prefer security tech firms that are gaining share - his top three ideas are Palo Alto Networks, Imprivata, and Rapid7. He sees security IT spend rising 7% in both 2016 and 2017, a rate on par with 2015's.
- Regarding Cornerstone, Lenschow is worried about slowing top-line growth, a lack of profits, and growing competition. Regarding Workday, he's concerned about competition from SAP/Oracle, a high valuation, and the relatively limited impact of its financials offerings on sales growth.
- The downgraded names are underperforming amid a 1.1% Nasdaq drop.
Dec. 11, 2015, 10:45 AM
- Goldman has launched coverage on Teradata (NYSE:TDC) with a Sell rating as part of a broader coverage launch for enterprise analytics plays.
- The firm declares a Teradata LBO to be "not compelling" for potential suitors, and argues its planned marketing app exit (though a positive) does nothing to relieve top-line pressures elsewhere.
- Shares are now down 36% YTD. Longbow Research previously argued Teradata's efforts suggest it's prepping for a sale.