Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Teradata reported its Fourth Quarter and Full Year 2025 financial results, highlighting a strong performance across several key metrics.</li><li>The company exceeded expectations for total revenue, recurring revenue, and free cash flow, marking a year of stabilized business and revitalized execution.</li><li>Its total Annual Recurring Revenue (ARR) saw a 3% growth year-over-year, with cloud ARR playing a significant role by growing 15% as reported.</li></ul>

Teradata reported its Fourth Quarter and Full Year 2025 financial results, highlighting a strong performance across several key metrics.The company exceeded expectations for total revenue, recurring revenue, and free cash flow, marking a year of stabilized business and revitalized execution.Its total Annual Recurring Revenue (ARR) saw a 3% growth year-over-year, with cloud ARR playing a significant role by growing 15% as reported.

Why Teradata (TDC)’s Focus on Total ARR, Not Cloud Labels, May Unlock Its Next Growth Leg!

<ul><li>Teradata Corporation's third-quarter 2025 results showcase a period of solid performance and strategic advancements, as the company exceeded revenue and recurring revenue guidance.</li><li>Key highlights from the quarter demonstrate Teradata's focus on developing its AI and data analytics capabilities alongside its investments in cloud and hybrid cloud environments.</li><li>Positively, Teradata recorded non-GAAP earnings per share of $0.72, surpassing expectations.</li></ul>

Teradata Corporation's third-quarter 2025 results showcase a period of solid performance and strategic advancements, as the company exceeded revenue and recurring revenue guidance.Key highlights from the quarter demonstrate Teradata's focus on developing its AI and data analytics capabilities alongside its investments in cloud and hybrid cloud environments.Positively, Teradata recorded non-GAAP earnings per share of $0.72, surpassing expectations.

Teradata Built an “AI Factory” & Partnered With NVIDIA—Is This the Shortcut to Enterprise AI at Scale?

<ul><li>In the first quarter of 2025, Teradata Corporation reported financial results that showcased both strengths and challenges.</li><li>Overall, the company's revenues were closely aligned with internal expectations, but there were notable shifts in key metrics, which offer both positive prospects and potential concerns for investors.</li><li>On the positive side, Teradata's cloud annual recurring revenue (ARR) increased by 16% year-over-year, reaching $606 million in constant currency.</li></ul>

In the first quarter of 2025, Teradata Corporation reported financial results that showcased both strengths and challenges.Overall, the company's revenues were closely aligned with internal expectations, but there were notable shifts in key metrics, which offer both positive prospects and potential concerns for investors.On the positive side, Teradata's cloud annual recurring revenue (ARR) increased by 16% year-over-year, reaching $606 million in constant currency.

Teradata Corporation Accelerates Cloud ARR Surge with Game-Changing Hybrid Platform Strategy!

US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Index Rebalance

<ul>
<li>Forecasted inclusions include <a href="https://www.smartkarma.com/entities/coreweave-inc" target="_blank" data-smartkarma-citation="entities:44471:1" rel="noopener">CRWV</a> &amp; <a href="https://www.smartkarma.com/entities/figma-inc" target="_blank" data-smartkarma-citation="entities:45422:1" rel="noopener">FIG</a> due to increased public voting rights, <a href="https://www.smartkarma.com/entities/bitfarms-ltd-of-canada" target="_blank" data-smartkarma-citation="entities:35932:1" rel="noopener">KEEL</a> &amp; <a href="https://www.smartkarma.com/entities/ashtead-group-plc" target="_blank" data-smartkarma-citation="entities:21806:1" rel="noopener">SUNB</a> due to newly eligible US index nationality, and <a href="https://www.smartkarma.com/entities/opendoor-technologies-inc" target="_blank" data-smartkarma-citation="entities:32216:1" rel="noopener">OPEN</a> &amp; BMNR due to a price surge.</li>
<li>
<a href="https://www.smartkarma.com/entities/ashtead-group-plc" target="_blank" data-smartkarma-citation="entities:21806:1" rel="noopener"></a>Projected deletions include <a href="https://www.smartkarma.com/entities/beyond-meat-inc" target="_blank" data-smartkarma-citation="entities:28065:1" rel="noopener">Beyond Meat (BYND US)</a>, <a href="https://www.smartkarma.com/entities/getty-images-holdings-inc" target="_blank" data-smartkarma-citation="entities:37015:1" rel="noopener">Getty Images (GETY US)</a>, and <a href="https://www.smartkarma.com/entities/alight-inc" target="_blank" data-smartkarma-citation="entities:27940:1" rel="noopener">Alight (ALIT US)</a> because of prices below $1 despite market caps of ~$400m.</li>
<li>Anticipated migrations from R2000 to R1000 include<a href="https://www.smartkarma.com/entities/bloom-energy-corp" target="_blank" data-smartkarma-citation="entities:34062:1" rel="noopener"> Bloom Energy (BE US)</a>, <a href="https://www.smartkarma.com/entities/nextracker-inc" target="_blank" data-smartkarma-citation="entities:36731:1" rel="noopener">Nextpower (NXT US)</a>, <a href="https://www.smartkarma.com/entities/fabrinet" target="_blank" data-smartkarma-citation="entities:8813:1" rel="noopener">Fabrinet (FN US)</a>, and <a href="https://www.smartkarma.com/entities/credo-technology-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:35436:1" rel="noopener">Credo Technology (CRDO US)</a>, resulting in passive fund supply.</li>
</ul>


Forecasted inclusions include CRWV &amp; FIG due to increased public voting rights, KEEL &amp; SUNB due to newly eligible US index nationality, and OPEN &amp; BMNR due to a price surge.

Projected deletions include Beyond Meat (BYND US), Getty Images (GETY US), and Alight (ALIT US) because of prices below $1 despite market caps of ~$400m.
Anticipated migrations from R2000 to R1000 include Bloom Energy (BE US), Nextpower (NXT US), Fabrinet (FN US), and Credo Technology (CRDO US), resulting in passive fund supply.


US R3000 Annual Forecasts - Jun26: Additions, Deletions & Migrations

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&amp;P 500 and the 200-day moving average on the S&amp;P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extended market conditions.In today’s report we highlight attractive Groups and stocks within Manufacturing and Technology: Construction Equipment, Industrial Rental Equipment, Data Storage Solutions &amp; Devices, Small-Cap, and Software, Financial Mgmt. Solutions.

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include 2,810-2,817 on the S&amp;P 500 and the 200-day moving average on the S&amp;P 600 Small Cap index... see charts below. We would welcome some consolidation or a mild pullback which would be a healthy correction of the current extended market conditions.In today’s report we highlight attractive Groups and stocks within Manufacturing and Technology: Construction Equipment, Industrial Rental Equipment, Data Storage Solutions &amp; Devices, Small-Cap, and Software, Financial Mgmt. Solutions.

United States

Teradata Corp operates as a database management company in the technology industry. The company offers analytic data solutions through integrated data warehousing, big data analytics, and business applications.  Teradata Corp collaborates with leading innovators in software, technology, and integration services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Teradata Corp (TDC US)

Why Teradata (TDC)’s Focus on Total ARR, Not Cloud Labels, May Unlock Its Next Growth Leg!

Teradata reported its Fourth Quarter and Full Year 2025 financial results, highlighting a strong performance across several key metrics. The...

Baptista Research

Teradata Built an “AI Factory” & Partnered With NVIDIA—Is This the Shortcut to Enterprise AI at Scale?

Teradata Corporation's third-quarter 2025 results showcase a period of solid performance and strategic advancements, as the company exceeded...

Baptista Research

Teradata Corporation Accelerates Cloud ARR Surge with Game-Changing Hybrid Platform Strategy!

In the first quarter of 2025, Teradata Corporation reported financial results that showcased both strengths and challenges. Overall, the company's...

Baptista Research

US R3000 Annual Forecasts - Jun26: Additions, Deletions & Migrations

The last annual reconstitution for index US‑R3000 is approaching, with additions and deletions driven by public voting rights, extreme price...

Dimitris Ioannidis

S&P 500 and S&P 600 Testing Resistance

We believe the market is at short-term overbought extremes and is contending with resistance. Resistance levels we are monitoring include...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)