Virus hurts Teradata’s prospects

Article Excerpt

TERADATA CORP. $19 is still a hold. The company (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 109.0 million; Market cap: $2.1 billion; Price-to-sales ratio: 1.1; No dividends paid; TSINetwork Rating: Average; www.teradata.com) makes computers and software to capture and store large amounts of data for individual businesses—its clients. The company then analyzes this information and identifies consumer buying habits and other trends. Investors can expect recurring revenue in the 2020 third quarter from subscriptions to exceed an earlier forecast of $359 million to $361 million. Still, the COVID-19 virus has limited the company’s ability to send its salesforce to prospective new clients in order to win new orders. Teradata is a hold. hold…