Why Teradata Stock Is Down 8% on Friday Afternoon

Teradata (NYSE: TDC) stock tumbled in early trading Friday, hurt by a new sell rating from a UBS analyst who warned that customers are preparing to abandon the cloud-based enterprise analytics company.As of 12:30 p.m. ET, Teradata stock was already down roughly 8%. Teradata has told investors that it expects to generate $1 billion in annual recurring revenue from its public cloud business in 2025 (cloud ARR was $528 million last year and up 10 times in four years), and $450 million in positive free cash flow. But according to UBS analyst Austin Dietz, these numbers are at risk. Customer checks among Teradata's clients show that 6 out of 7 customers surveyed "are migrating off Teradata in the next 6-24+ months," writes Dietz in a note covered on StreetInsider.com today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool