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Posted: 4:20 p.m. Friday, Feb. 8, 2013

Teradata shares bounce back

By Thomas Gnau

Staff Writer

Shares of Teradata Corp. rebounded a bit Friday after falling $4.73, or more than 7 percent, in value Thursday.

The stock (NYSE: TDC) closed Friday at $62.74, up 92 cents, or 1.5 percent. Trading volume exceeded 2 million shares.

On Thursday, Teradata shares plunged even though the data analytics company reported strong fourth-quarter and full-year earnings. Analysts attributed the sell-off to weaker-than-expected revenue figures for this year.

One analyst said he saw the stock price drop as a buying opportunity.

Despite solid fourth quarter results and guidance for the coming year, the company’s “cautious U.S. commentary and growth guidance” for the first half of 2013 caused selling pressure on the stock, Derrick Wood, an analyst for Susquehanna Financial Group, told clients in a note Friday.

“We think this creates a buying opportunity for longer-term oriented investors as (the first quarter of 2013) will be a trough and growth should accelerate through the rest of the year,” Wood added. “We think fundamentals remain sound with no material change in competitive dynamics, product quality or sales force stability.”

He added that a strong 2013 also depends on demand for Teradata’s data analytics services. The company helps businesses make sense of large amounts of data from a variety of sources.

Teradata has about 450 employees in Miami Twp., the company’s administrative headquarters.

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