A Closer Look at Five Tech Stocks in Spotlight on Tuesday

Salesforce Declines After Quip Acquisition

Also down on Tuesday is salesforce.com, inc. (NYSE:CRM), which has tumbled by more than 1.2% after announcing the acquisition of Quip. The company will reportedly pay about $582 million in stock for the startup responsible for “Living Documents,” a product that competes with Microsoft Word and Alphabet Inc (NASDAQ:GOOGL)’s Google Docs. salesforce.com, inc. (NYSE:CRM) counted 63 investors among those we track at the end of the first quarter. Their stakes were worth approximately $1.7 billion in aggregate. One of the largest positions was held by Christopher Lord’s Criterion Capital, which last declared holding more than 2 million shares of the company.

Teradata Spikes On Strong Results, Guidance

Finally, there’s Teradata Corporation (NYSE:TDC), whose stock is up by almost 4% on the back of the company reporting its second-quarter financial results. EPS of $0.71 and revenue of $599 million beat the Street’s consensus estimates by $0.11 and $39.77 million, respectively. For the full year, management anticipates EPS of $2.35 to $2.50, versus a consensus estimate of $2.41, and revenue between $2.32 billion and $2.39 billion, beating the $2.29 billion analysts’ estimate. At the end of the first quarter, 23 funds from our database were long Teradata Corporation (NYSE:TDC), owning more than 22% of the company’s stock.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.