Why Teradata Stock Is Crashing Today
(NYSE: TDC) stock is crashing in Tuesday's daily trading. The database company's share price was down 23.4% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence.
Teradata published its fourth-quarter results and held a conference call for investors after the market closed yesterday. While the company's Q4 sales and earnings performance actually came in significantly better than the market had expected, its forward guidance disappointed Wall Street. Following the report, the company's stock has also received a ratings downgrade from Bank of America.
For the fourth quarter, Teradata posted non-GAAP (adjusted) earnings per share of $0.56 -- beating the average analyst estimate's call for per-share earnings of $0.51. Revenue for the period rose 1.1% year over year to come in at $457 million, which was ahead of the average analyst estimate's call for sales of roughly $455.7 million.
Source Fool.com
Teradata Corp. Stock
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 30 € there is a slightly positive potential of 11.11% for Teradata Corp. compared to the current price of 27.0 €.
