Aug. 7, 2014, 7:02 AM
Jul. 24, 2014, 5:51 PM
- Informatica (NASDAQ:INFA) has guided on its Q2 CC (webcast) for Q3 revenue of $245M-$260M and EPS of $0.30-$0.35, below a consensus of $260.6M and $0.38.
- Full-year EPS guidance has been cut by $0.05 to $1.55-$1.60 (below a $1.62 consensus). Full-year revenue is expected to be in a range of $1.03B-$1.06B vs. a $1.06B consensus.
- Data warehousing peer Teradata (NYSE:TDC) is also lower. Its Q2 report is due on Aug. 7.
- Q2 results, PR
Jul. 14, 2014, 10:03 AM
- Aruba (ARUN +1.2%) has been upgraded to Outperform by Macquarie. Shares rallied on Friday after the FCC cleared a $2B school Wi-Fi initiative.
- China Mobile (CHL +2.7%) has been upgraded to Buy by BofA/Merrill.
- Informatica (INFA +1.2%) has been upgraded to Overweight by Evercore ahead of its July 24 Q2 report.
- TripAdvisor (TRIP -1.5%) has been cut to Neutral by Nomura ahead of its July 23 Q2 report.
- Teradata (TDC +1.5%) has been started at Buy by Standpoint Research. Q2 results are due on Aug. 7.
- Jumei (JMEI +2.7%) has been started at Buy by BofA/Merrill.
- MTS Systems (MTSC +1.4%) has been started at Buy by Needham.
Jun. 23, 2014, 10:26 AM
- JMP has cut Teradata (TDC -2.7%) to Market Perform. The firm is worried platforms such as the Hadoop big data framework, Amazon's Redshift data warehousing service, and NoSQL databases will limit the data warehousing hardware/software vendor's growth.
- Teradata has been beset by Hadoop concerns for some time. Likewise, shares fell in 2012 (along with those of peer Informatica) when Amazon unveiled Redshift, replete with aggressive pricing and big performance promises.
- NoSQL, often used in big data projects, can deliver better scalability and support more data formats than conventional SQL databases (such as those used in Teradata's projects), albeit at the cost of data consistency.
- JMP: "While we acknowledge that Teradata is not an 'expensive' stock, we simply believe that the 'price per terabyte' trendline is downward sloping and that Teradata may struggle to grow."
- Shares dove last month after Teradata offered a full-year guidance cut to go with a Q1 beat.
May. 8, 2014, 12:13 PM
- Though it beat Q1 estimates, Teradata (TDC -10%) now expects full-year revenue growth and EPS to be "at the lower end" of prior guidance ranges of 3%-7% and $2.85-$3.00. The consensus is for 5.1% rev. growth and EPS of $2.93.
- Teradata has added $300M to its buyback authorization, raising its size to $550M (good for buying 9% of shares at current levels). $86M was spent on buybacks in Q1.
- Americas revenue +8% Y/Y in Q1 to $384M, international revenue +5% to $244M. Product revenue (drives future services revenue) +10% Y/Y to $273M, services revenue +5% to $355M.
- Gross margin rose 160 bps Y/Y to 54.9%. SG&A spend rose 5% Y/Y to $188M. R&D spend rose 12%, but still only totaled $56M.
- Worries about the impact of Hadoop big data projects on Teradata's data warehousing hardware/software sales have been around for a while. Teradata, which has launched a Hadoop appliance, insists the technology's adoption will be a positive for the company.
- Q1 results, PR
May. 8, 2014, 7:00 AM
Apr. 15, 2014, 7:03 PM
- Microsoft's (MSFT) new Azure Intelligent Systems Service allows companies to capture and manage machine data from various embedded devices and sensors, regardless of the OS they use. The service aims to enable Web-connected embedded platforms in verticals such as retail, health, manufacturing, and transportation.
- IT outsourcing firms Cognizant and Infosys are among Microsoft's service partners. Intel and ARM are already going after this market by via solutions that combine their CPU designs with related software.
- Microsoft is also unveiling its Analytics Platform System, a hardware appliance (to be sold by OEMs) that allows data handled by SQL Server's data warehousing solution (used to process/analyze structured data) and the Hadoop big data framework (used for giant unstructured datasets) to be integrated and jointly queried.
- Satya Nadella calls the solution "big data in a box." Teradata (TDC) and Informatica (INFA) are among the companies in Microsoft's crosshairs.
- SQL Server 2014 has also been launched. As promised, the latest update to Microsoft's database platform (produces $5B+/year in sales) features in-memory capabilities that arguably make it a meaningful rival to SAP's popular Hana in-memory database.
- While going over the products, Nadella declares Microsoft needs to create a "data culture" to thrive, in part by using its own products. "Think of Office as the canvas, or the surface area, or the scaffolding from which you can access the data."
Feb. 26, 2014, 9:48 AM
- Juniper (JNPR -1.1%) has been cut to Neutral by Piper. Shares have rallied strongly in 2014 on enthusiasm about the company's efforts to cut costs and return more cash to shareholders.
- NII Holdings (NIHD -6.9%) has been cut to Neutral by Macquarie.
- Teradata (TDC +2.2%) has been upgraded to Buy by Longbow. Morgan Stanley downgraded shares on Feb. 7 after the company provided soft 2014 guidance.
- Kulicke & Soffa (KLIC +2.9%) has been started at Buy by B. Riley.
Feb. 7, 2014, 9:49 AM
- Sony (SNE +0.8%) has been upgraded to Buy by Jefferies a day after announcing (along with its FQ3 results) the sale of its PC unit, and plans to spin off its TV ops.
- iRobot (IRBT -3.2%) has been cut to Underweight by JPMorgan a day after rallying in response to a Q4 beat and mixed guidance.
- Rackspace (RAX +2.3%) and Red Hat (RHT +2%) have been started at Outperform by Credit Suisse. Rackspace reports on Monday.
- AOL (AOL -2.4%) has been cut to Neutral by BofA/Merrill and Macquarie following yesterday's Q4 beat.
- Teradata (TDC -2%) has been cut to Underweight by Morgan Stanley a day after beating Q4 estimates and offering soft EPS guidance.
- Mobile TeleSystems (MBT +1.1%) has been upgraded to Overweight, and Vimpelcom (VIP +0.5%) to Equal Weight, by Barclays. Credit Suisse upgraded MTS on Wednesday.
- SBA (SBAC -1.1%) has been cut to Neutral by Citi. Q4 results arrive on Feb. 26.
- 21Vianet (VNET -0.3%) has been cut to Neutral by Credit Suisse.
Feb. 6, 2014, 10:53 AM
- Up sharply in premarket trading in response to its Q4 beat, Teradata (TDC +3.7%) has given back a chunk of its gains. A likely reason: The data warehousing hardware/software provider has guided for 2014 EPS of $2.85-$3, below a $3.04 consensus.
- After seeing its sales grow 1% in 2013, 3%-7% revenue growth is expected in 2014 (consensus is at 4.8%).
- Product revenue (drives future services revenue) rose 3% Y/Y in Q4 to $372M. Services revenue rose 5% to $397M. Americas sales +3% to $464M, international +5% to $305M.
- With shares fairly close to their 52-week low of $39.16 going into earnings, expectations were low. A major October warning has put investors on edge, and so have long-term concerns about the threat posed by the Hadoop big data framework to Teradata's traditional data warehousing solutions.
Feb. 6, 2014, 9:15 AM
Feb. 6, 2014, 6:57 AM| Comment!
Jan. 29, 2014, 10:03 AM
- Electronic Arts (EA +0.5%) has been upgraded to Buy by BofA/Merrill following yesterday's mixed FQ3 results and FY14 guidance cut. The upgrade has helped EA turn positive.
- Tableau (DATA +1.2%) has been upgraded to Buy by Goldman ahead of its Feb. 4 Q4 report.
- Teradata (TDC -2.7%) has been cut to Sell by Goldman ahead of its Feb. 4 Q4 report.
- Dassault (DASTY +1.2%) has been upgraded to Buy by BofA/Merrill. Q4 results are due on Feb. 6.
- Vimpelcom (VIP -3.6%) has been cut to Neutral by HSBC.
- Digital Realty (DLR -2.6%) has been cut to Underperform by Macquarie. Q4 results are due on Feb. 24.
Jan. 13, 2014, 9:56 AM
- H-P (HPQ +3.7%) and Teradata (TDC +1.8%) have been started at Overweight by Atlantic Securities.
- BlackBerry (BBRY -6.2%) has been cut to Underperform by Oppenheimer following a major rally over the last four weeks. RBC upgraded shares last Friday.
- F5 (FFIV +3.7%) has been upgraded to Outperform by William Blair.
- Qihoo (QIHU +4.3%) has been upgraded to Buy by Stifel, and started at Buy by UBS. Shares fell last Thursday following a report questioning the size of the company's search share gains, and rose the day before thanks to an Alibaba investment rumor.
- Cree (CREE -6.6%) has been cut to Hold by Stifel.
- Autodesk (ADSK +1.8%) has been upgraded to Overweight by Morgan Stanley.
- Skyworks (SWKS +4.7%) has been upgraded to Buy by B. Riley.
- Red Hat (RHT +4.4%) has been upgraded to Overweight by Morgan Stanley.
- Fortinet (FTNT +2.1%) has been upgraded to Overweight by Morgan Stanley.
- HomeAway (AWAY +2%) has been upgraded to Overweight by Barclays.
- Garmin (GRMN +1.1%) has been upgraded to Outperform by Oppenheimer.
- Nimble Storage (NMBL +2.2%) has been upgraded to Outperform by Pac Crest. The firm started Nimble and Sector Perform just six days ago.
- Peregrine Semi (PSMI -9.1%) has been cut to Hold by Deutsche.
- Sanmina (SANM -7%) has been cut to Underperform by Raymond James.
- Symantec (SYMC -2.3%) has been cut to Underweight by Morgan Stanley.
- NCR (NCR +2.2%) has been started at Overweight by JPMorgan, and added to the firm's Focus List.
- Vipshop (VIPS +1.8%) has been started at Buy by UBS.
- Parametric Sound (PAMT +4.5%) has been started at Strong Buy by Needham.
Dec. 12, 2013, 9:56 AM
- Intel (INTC +1.1%) has been upgraded to Neutral by Nomura. Citi and Drexel Hamilton upgraded shares last Friday.
- Micron (MU +2%) has been upgraded to Buy by Nomura. Shares fell yesterday following an MKM report stating SK Hynix's Wuxi, China fab will be operational sooner than expected.
- Xilinx (XLNX +1.7%) has been upgraded to Buy by Nomura. In addition, both Xilinx and rival Altera (ALTR +0.6%) have been started at Outperform by JMP.
- iRobot (IRBT +2.2%) has been upgraded to Neutral by JPMorgan.
- Synchronoss (SNCR +6.8%) has been upgraded to Strong Buy by Raymond James.
- Teradata (TDC -2%) has been cut to Sector Perform by RBC. Shares are making new 52-week lows.
- Texas Instruments (TXN -0.7%) and SanDisk (SNDK -2.3%) have been cut to Reduce by Nomura. TI provided an in-line mid-quarter update on Monday, while SanDisk fell in tandem with Micron yesterday.
- Sigma Designs (SIGM -17.8%) has been cut to Hold by Needham after missing FQ3 estimates.
- Progress Software (PRGS -7.5%) has been cut to Market Perform by JMP.
Dec. 4, 2013, 10:53 AM
- Less than two months after cutting Teradata (TDC -5.3%) to Equal Weight, Morgan Stanley has downgraded the maker of data warehousing and business intelligence hardware/software to Underweight. The prior downgrade took place after Teradata issued a big Q3/2013 warning.
- There have been concerns about the long-term impact the adoption of the increasingly popular Hadoop big data/analytics framework will have on Teradata's traditional warehousing solutions (though some argue it's only a minor threat), as well as about the growth seen by Amazon's Redshift warehousing service since its 2012 launch.
TDC vs. ETF Alternatives
Teradata Corp is engaged in analytic data solutions, including integrated data warehousing, big data analytics & active intelligence. Its data warehousing solutions are software, hardware and related business consulting & support services.
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