Teradata Corporation (TDC): Today's Featured Computer Hardware Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Teradata Corporation ( TDC) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Teradata Corporation fell $0.59 (-1.0%) to $56.92 on heavy volume. Throughout the day, 3,070,394 shares of Teradata Corporation exchanged hands as compared to its average daily volume of 1,515,200 shares. The stock ranged in price between $55.45-$57.67 after having opened the day at $57.63 as compared to the previous trading day's close of $57.51. Other companies within the Computer Hardware industry that declined today were: Identive Group ( INVE), down 4.9%, Omnicell ( OMCL), down 4.0%, Hutchinson Technology ( HTCH), down 3.9% and Universal Display Corporation ( OLED), down 3.8%.

Teradata Corporation provides analytic data solutions worldwide. The company offers data warehousing solutions that include software, hardware, and related business consulting and support services. Teradata Corporation has a market cap of $9.6 billion and is part of the technology sector. Shares are down 7.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Teradata Corporation a buy, 2 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Teradata Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, SMART Technologies ( SMT), up 5.2%, Radisys Corporation ( RSYS), up 3.9%, Immersion Corporation ( IMMR), up 2.8% and Finisar Corporation ( FNSR), up 2.7% , were all gainers within the computer hardware industry with Hewlett-Packard ( HPQ) being today's featured computer hardware industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Analysts' Actions -- Tableau Data, Autodesk, Mattel, Hasbro, Shake Shack and More

Amazon Is Quietly Becoming a Major Player in Enterprise Software

Teradata Warrants a Wait-and-See Approach

3 Technology Companies to Dump Now

Teradata (TDC) Stock Falls on Q3 Revenue Miss, Guidance