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NEW YORK (
Teradata(TDC - Get Report) was the worst-performing stock in the
S&P 500 on Friday morning.
The S&P 500 was falling more than 14 points, or 1.06%, to 1,353.
Shares of Teradata dropped 9.63% to $65.63. Rival
Informatica(INFA) reported Thursday preliminary second-quarter earnings of 27 cents a share to 28 cents a share. Analysts, on average, were anticipating earnings of 37 cents a share.
Bloomberg reported BMO analyst Karl Keirstead said Informatica's earnings move "will likely raise concerns about Teradata, Tibco, Pegasystems, Oracle and IBM."
Teradata trades at an estimated price-to-earnings ratio for next year of 30.9 times; the average among its peers is 31.87. For comparison,
Oracle(ORCL) has a lower forward P/E of 14.71.
Eleven of the 20 analysts who cover Teradata rated it buy; nine analysts gave the stock a hold rating.
The stock has risen 35.31% year to date.