Monday, December 27, 2010

Teradata (NYSE:TDC) Has Aprimo Already Priced into Shares

The acquisition of Aprimo by Teradata (NYSE:TDC) has already been priced into the stock of the company, according to Wedbush, but they increased their EPS and revenue estimates on the company in response to the deal.

Wedbush raised their 2010 revenue/EPS estimates to $1.92 billion/$1.81 from $1.91 billion/$1.80, although they said it was also because of the improvement in the selling environment.

Wedbush also boosted their 2011 revenue/EPS estimates to $2.17 billion/$2.10 from $2.07 billion/$1.94, but this is due entirely to the acquisition of Aprimo, which Teradata paid $500 million for.

Wedbush has maintained their Neutral rating on Teradata, which last closed at $41.89, down $0.21, or 0.50 percent. They raised their price target on them from $38 to $40.

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