Last Updated: 06 Nov 2024
Executive Summary
Teradata Corp (TDC) is a leading provider of hybrid cloud analytics software. The company's stock has been under pressure in recent months, but there are signs that it may be bottoming out. The latest stock price is $28.47, which is below the 50-day moving average of $29.96 and the 200-day moving average of $34.49. However, the stock is above its 52-week low of $24.02.
Company Overview
Teradata Corporation is a provider of hybrid cloud analytics software. The company's products and services help businesses to collect, store, process, and analyze data. Teradata's customers include some of the world's largest companies, including Walmart, Amazon, and Google.
Fundamental Analysis
Teradata's financial performance has been mixed in recent years. The company's revenue has declined in each of the past three years. However, the company's profitability has improved in recent quarters. In the most recent quarter, Teradata reported earnings per share of $0.64, which beat analysts' expectations.
Teradata's balance sheet is strong. The company has a low level of debt and a large amount of cash on hand. This gives the company the financial flexibility to invest in new products and services.
Technical Analysis
Teradata's stock price has been in a downtrend since early 2022. The stock has broken below its 50-day and 200-day moving averages. However, the stock is now trading above its 52-week low. This suggests that the stock may be bottoming out.
Short Term Outlook
Teradata's stock is likely to remain volatile in the short term. The stock is trading below its moving averages, which is a sign of weakness. However, the stock is above its 52-week low, which is a sign of strength. Investors should watch for a break above the 50-day moving average as a sign that the stock is ready to move higher.
Long Term Outlook
Teradata's long-term outlook is positive. The company is a leader in the hybrid cloud analytics market. The company's products and services are in high demand, and the company has a strong balance sheet. Investors should consider buying Teradata's stock for the long term.
Analyst Recommendations
Analysts are mixed on Teradata's stock. Two analysts have a strong buy rating on the stock, three analysts have a buy rating, five analysts have a hold rating, three analysts have a sell rating, and zero analysts have a strong sell rating. The average analyst target price is $37.67.
