Core Points - Teradata Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business model and customer transaction timelines [3][5]. Group 1: Allegations - The complaint alleges that Teradata's expanded business model led to longer transaction finalization times with customers, which was not disclosed [3]. - It is claimed that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its outlook for 2023 Annual Recurring Revenue (ARR) growth [3]. - The company is unlikely to meet its full-year 2023 total and public cloud ARR expectations due to the failure to timely close several customer transactions [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 13, 2023, to February 12, 2024 [6]. - Shareholders who purchased shares of Teradata during this period are encouraged to register for the class action and can monitor the case's status through portfolio monitoring software [6].

Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for alleged violations of federal securities laws, including fraudulent misrepresentations about its business and operations, leading to significant investor losses [1]. Financial Performance - Teradata reported its fourth quarter and full year 2022 financial results on February 13, 2023, projecting a 53% to 57% year-over-year increase in Public Cloud Annual Recurring Revenue (ARR) and a 6% to 8% increase in Total ARR for 2023 [3]. - On February 12, 2024, Teradata announced that Public Cloud ARR increased by only 48% for the full year 2023, which was below the company's guidance, and Total ARR increased by only 6%, at the low end of its forecast [8]. Stock Price Impact - Following the CFO's announcement on December 7, 2023, regarding a potential delay in a significant deal, Teradata's stock price fell by $2.89 per share, or 6.24%, from $46.29 to $43.40 [4]. - After the disappointing financial results announced on February 12, 2024, Teradata's stock price dropped by $10.57 per share, or 21.66%, from $48.79 to $38.22 [8]. Legal Proceedings - The lead plaintiff deadline for the class action lawsuit against Teradata is August 13, 2024, allowing investors who suffered losses to seek representation [1][9]. - The class action complaint is titled Ostrander v. Teradata Corporation, et al., and is filed in the United States District Court for the Southern District of California [9].

Class Period: February 13, 2023 - February 12, 2024 NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Teradata Corporation (NYSE: TDC), and Seritage Growth Properties (NYSE: SRG). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. To ...

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Teradata Corporation (NYSE: TDC) between February 13, 2023 and February 12, 2024, both dates inclusive (the "Class Period") of the important August 13, 2024, lead plaintiff deadline. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of t ...

Core Viewpoint - Teradata is facing significant challenges with its cloud Annual Recurring Revenue (ARR) growth, leading to a decline in stock price and a class action lawsuit due to alleged misleading statements regarding its business performance [2][4][7]. Financial Performance - Teradata's CFO indicated a potential delay in an eight-figure deal that could impact the company's cloud ARR, suggesting it may fall towards the low end or slightly below previous guidance [2]. - In its 2023 outlook, Teradata projected a 53% to 57% year-over-year increase in public cloud ARR and a 6% to 8% increase in total ARR [6]. - However, the actual results for 2023 showed public cloud ARR increased by only 48%, and total ARR increased by just 6%, which was at the low end of guidance [7]. Stock Market Reaction - Following the announcement of potential deal delays, Teradata's stock price dropped by $2.89, or 6.24%, from $46.29 to $43.40 per share [2]. - After the disappointing financial results for 2023 were disclosed, the stock price fell by $10.57, or 21.66%, from $48.79 to $38.22 per share [7]. Legal Actions - A securities class action lawsuit has been filed against Teradata for alleged violations of federal securities laws, claiming that the company made misleading statements that resulted in significant investor losses [4][8]. - Investors have until August 13, 2024, to seek appointment as lead plaintiffs in the class action [8].

NEW YORK, July 13, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP announces the upcoming August 13, 2024 deadline in the Teradata Corp. (NYSE:TDC) securities class action lawsuit. Why is Teradata being Sued? Investors allegedly began to learn the truth on December 7, 2023, when Teradata revealed that certain large deals could be delayed. On this news, the price of Teradata stock declined by $2.89 per share, or 6%, to close at $43.40 per share on December 7, 2023. Then, on February 12, 2024 ...

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Teradata Corporation, alleging that the company made materially false and misleading statements regarding its business model and financial outlook, which led to artificial inflation of its stock price [4]. Group 1: Allegations - The complaint claims that Teradata's expanded business model resulted in longer transaction finalization times with customers, which was not disclosed [4]. - It is alleged that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its 2023 Annual Recurring Revenue (ARR) growth outlook [4]. - The company reportedly failed to close several customer transactions that were factored into its ARR expectations for 2023, leading to a likelihood of not meeting its public cloud ARR goals [4]. - As a result of these issues, Teradata's public statements were deemed materially false and misleading throughout the relevant period [4]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 13, 2023, to February 12, 2024 [6]. - Shareholders who purchased shares during this period are encouraged to register for the class action and may be eligible for recovery [2][3]. - The deadline for shareholders to seek lead plaintiff status is August 13, 2024, and there is no cost to participate in the case [5].

So what: If you purchased Teradata securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Details of the case: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with Teradata's customers took longer to ...

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutica ...

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC) of a class action securities lawsuit. https://zlk.com/pslra-1/teradata-corporation-lawsuit-submission-form?prid=89859&wire=3 CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, t ...