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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (4369)7/14/2017 8:51:09 AM
From: richardred  Respond to of 7058
 
RE/TDC Becomes a hunter with it's cash. Maybe a chance to get some growth back. However they most likely paid up front for it.

Teradata Acquires San Diego-based Start-up StackIQ to Strengthen Teradata Everywhere and IntelliCloud Capabilities

Acquisition bolsters Teradata’s build and delivery capability of on-premises and hybrid cloud solutions for its enterprise customers
Teradata (NYSE: TDC), the leading data and analytics company, today announced the acquisition of StackIQ, developers of one of the industry’s fastest bare metal software provisioning platforms which has managed the deployment of cloud and analytics software at millions of servers in data centers around the globe. The deal will leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of Teradata Everywhere. Offering customers the speed and flexibility to deploy Teradata solutions across hybrid cloud environments, allows them to innovate quickly and build new analytical applications for their business.

In addition to technology assets, the acquisition also includes StackIQ’s talented team of engineers, who will join Teradata’s R&D organization to help accelerate the company’s ability to automate software deployment in operations, engineering and end-user customer ecosystems.

“Teradata prides itself on building and investing in solutions that make life easier for our customers,” said Oliver Ratzesberger, Executive Vice President and Chief Product Officer for Teradata. “Only the best, most innovative and applicable technology is added to our ecosystem, and StackIQ delivers with products that excel in their field. Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally.”

“Our incredibly high standards also apply to the people we hire,” continued Ratzesberger. “As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. Once again, StackIQ has set the bar with stellar engineers who we are honored to now call Teradata employees.”

Under terms of the deal, Teradata will now own StackIQ’s unique IP that automates and accelerates software deployment across large clusters of servers (both physical and virtual/in the cloud). This increase in automation will occur across all Teradata Everywhere deployments, dramatically reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only “appliances” across hybrid cloud infrastructure. The speed of Teradata’s new integrated solution also allows for rapid re-provisioning of internal test or benchmarking hardware, as well as swift redeployment between technologies to match a customer’s changing workload requirements.

“Joining Teradata, the market leader in analytic data solutions, truly validates the importance of StackIQ’s engineering and the talent we have cultivated over the years,” said Tim McIntire, Co-Founder at StackIQ. “We are looking forward to bringing a bit of San Diego’s start-up culture to Teradata, and working together to simplify Teradata’s customer experience for system software deployment and upgrades.”
The terms of the acquisition agreement were not disclosed.

teradata.com

BlackRock Inc. Has $242.78 Million Stake in Teradata Corporation (TDC)
BlackRock Inc. boosted its stake in shares of Teradata Corporation (NYSE:TDC) by 5,397.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,801,522 shares of the technology company’s stock after buying an additional 7,659,614 shares during the period. BlackRock Inc. owned about 0.06% of Teradata Corporation worth $242,782,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also recently made changes to their positions in TDC. Advantus Capital Management Inc boosted its position in shares of Teradata Corporation by 0.6% in the first quarter. Advantus Capital Management Inc now owns 12,936 shares of the technology company’s stock valued at $403,000 after buying an additional 78 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Teradata Corporation by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 34,190 shares of the technology company’s stock valued at $1,064,000 after buying an additional 86 shares during the last quarter. Comerica Bank boosted its position in shares of Teradata Corporation by 0.3% in the first quarter. Comerica Bank now owns 31,346 shares of the technology company’s stock valued at $921,000 after buying an additional 98 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of Teradata Corporation by 0.8% in the first quarter. New Mexico Educational Retirement Board now owns 13,298 shares of the technology company’s stock valued at $414,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Teradata Corporation by 0.6% in the first quarter. Arizona State Retirement System now owns 32,354 shares of the technology company’s stock valued at $1,007,000 after buying an additional 200 shares during the last quarter.

Shares of Teradata Corporation ( TDC) opened at 29.27 on Friday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 22.83 and a beta of 1.26. The firm’s 50-day moving average is $28.55 and its 200-day moving average is $29.53. Teradata Corporation has a 52 week low of $25.46 and a 52 week high of $33.32.



Teradata Corporation (NYSE:TDC) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $491 million for the quarter, compared to analyst estimates of $497.29 million. Teradata Corporation had a return on equity of 28.55% and a net margin of 7.45%. The company’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Teradata Corporation will post $1.25 EPS for the current fiscal year.

Several brokerages have recently weighed in on TDC. Stifel Nicolaus reissued a “hold” rating and set a $32.00 price target on shares of Teradata Corporation in a research report on Monday. BidaskClub raised shares of Teradata Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. TheStreet cut shares of Teradata Corporation from a “b-” rating to a “c” rating in a research report on Thursday, April 27th. BMO Capital Markets lowered their price target on shares of Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Thursday, April 27th. Finally, Sanford C. Bernstein initiated coverage on shares of Teradata Corporation in a research report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 target price on the stock. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Teradata Corporation presently has a consensus rating of “Hold” and a consensus target price of $28.78.

About Teradata Corporation

Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.

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