Teradata ( TDC Quick Quote TDC - Free Report) recently launched the DataDNA, a new as-a-service offering that provides an automated view into data assets along with their usage and cross-platform data lineage. The new service is powered by Vantage, Teradata’s multi-cloud data analytics software platform. It will enable transparency into data assets and their utilization so that customers can better understand the data flow and eliminate data redundancies. It provides rapid new insights by simplifying IT ecosystems, reducing costs, reconciling data and processes across platforms and generating accurate change impact assessment. DataDNA also facilitates accelerated migration to Vantage in the cloud, by helping customers identify data dependencies, data usage and data flow. Coronavirus-Led Disruptions Hurt Consulting Business
Meanwhile, the company’s shares have dropped 18.7% year to date compared with the
Computer-Storage Devices industry’s decline of 17.3%. This underperformance can be attributed to the coronavirus-related headwinds in Teradata’s consulting business, mainly on activities that are conducted on-site. Markedly, in the recently concluded quarter, the company’s revenues from the consulting business declined 28% (down 29% at cc) year over year. Strong Demand for Data Analytics to Help Teradata Recover
Notably, since the outbreak of the pandemic, data analytics have become an extremely important tool to gain insights and better understand the dynamic global business landscape.
Further, Teradata cited Gartner’s data, per which, by 2023, the use of active metadata and machine learning for the automation of data management processes will reduce integrated data delivery time by 30%. This will give organizations access to data analytic insights faster. Markedly, strong adoption of Teradata’s analytics platform, Vantage, by megadata customers with huge databases, drives expansion of the company’s user base. However, the company’s focus on high-margin megadata customers is expected to hurt the profitability of the consulting business in the near term. Zacks Rank & Stocks to Consider
Teradata currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Pure Storage ( PSTG Quick Quote PSTG - Free Report) , Qumu Corporation ( QUMU Quick Quote QUMU - Free Report) and Arrow Electronics ( ARW Quick Quote ARW - Free Report) . All three stocks carry a Zacks Rank #2 (Buy). You can see . the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here Long-term earnings growth rate for Pure Storage, Qumu and Arrow Electronics is pegged at 20.3%, 15% and 8.5%, respectively. Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration. Download Marijuana Moneymakers FREE >>