Core Viewpoint - Teradata is facing a securities class action lawsuit alleging that the company and its executives made materially false and misleading statements regarding its business model, pipeline health, and revenue growth prospects [7]. Group 1: Allegations and Impact - The lawsuit claims that Teradata's expanded business model led to significant delays in closing large customer transactions, resulting in an overstatement of the company's pipeline health and revenue growth potential [1][7]. - Investors reportedly began to realize the issues when Teradata disclosed on December 7, 2023, that certain large deals could be delayed, causing the stock price to drop by $2.89 per share, or 6%, closing at $43.40 [8]. - On February 12, 2024, Teradata announced that "deal timing issues" led to missing its previously issued Annual Recurring Revenue (ARR) guidance, resulting in a further decline of $10.57 per share, or 22%, closing at $38.22 [8]. Group 2: Legal Proceedings - The law firm Bleichmar Fonti & Auld LLP is leading the class action lawsuit, with a deadline for investors to submit their information set for August 13, 2024 [6]. - The representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur any court costs or litigation expenses [3].

Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for alleged violations of federal securities laws, including fraudulent misrepresentations and omissions regarding its business and operations, leading to significant investor losses [1][3]. Financial Performance - On February 13, 2023, Teradata projected 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 [2]. - In its fourth quarter and full year 2023 results announced on February 12, 2024, Teradata reported a 48% increase in Public Cloud ARR and a 6% increase in Total ARR, both falling short of prior guidance [14]. Stock Price Impact - Following the announcement of potential delays in a significant deal on December 7, 2023, Teradata's stock price dropped by $2.89, or 6.24%, from $46.29 to $43.40 per share [6]. - After the disappointing financial results on February 13, 2024, Teradata's stock price fell by $10.57, or 21.66%, from $48.79 to $38.22 per share [14].

NEWTOWN, Pa., June 20, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, is investigating securities fraud claims on behalf of all investors of Teradata Corporation (NYSE: TDC) between February 13, 2023, and February 12, 2024, inclusive (the "Class Period"). What is a Lead Plaintiff? Background on Teradata Corporation The Securities Fraud Claims During the Barclays Global Technology Conference on December 7, 2023, Teradata's Chief Financial Officer, Claire Bramley, mentioned th ...

The complaint further alleges that, in reality, Teradata's expanded business model caused significant delays in the closing of large customer transactions. As a result, it is alleged that the company overstated the health of its pipeline and revenue growth prospects. BFA Law encourages investors who lost money on their Teradata investment to submit your information to find out about your rights. NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Leading law firm Bleichmar Fonti & Auld LLP announces the upcoming Au ...

About the Lawsuit ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a ...

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Teradata Corporation (NYSE: TDC) between February 13, 2023 and February 12, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 13, 2024. DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and ...

Do you, or did you, own shares of Teradata Corporation (NYSE: TDC)? Did you lose money in your investment in Teradata Corporation? Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC) between November 3, 2021 and August 1, 2023, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of ...

NEW ORLEANS, June 18, 2024 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 13, 2024 to file lead plaintiff applications in a securities class action lawsuit against Teradata Corporation (the "Company") (NYSE: TDC), if they purchased or otherwise acquired the Company's shares between February 13, 2023 and February 12, 2024, inclusive (the "Class Period"). This action is pending in the ...

SAN DIEGO, June 18, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired Teradata Corporation (NYSE: TDC) securities between February 13, 2023 and February 12, 2024. Teradata provides a connected multi-cloud data platform for enterprise analytics. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigatin ...

NEW YORK, June 18, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Teradata Corporation (NYSE: TDC) between February 13, 2023 and February 12, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 13, 2024. So what: If you purchased Teradata securities during the Clas ...