Core Viewpoint - Teradata Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its business performance and growth expectations [1][4]. Company Allegations - The lawsuit alleges that Teradata's expanded business model led to longer transaction finalization times, resulting in an overstatement of its ability to close customer transactions as planned [4]. - It is claimed that Teradata failed to close several customer transactions that were included in its outlook for 2023 Annual Recurring Revenue (ARR) growth, making it unlikely to meet its full-year expectations for Total and Public Cloud ARR [4]. Financial Impact - On December 7, 2023, Teradata's CFO indicated that a significant deal might be delayed, which could affect the company's cloud ARR, leading to a stock price drop of over 6% [5]. - On February 12, 2024, Teradata reported that due to "deal timing issues," its public cloud ARR increased by only 48% and total ARR by 6% for the full year 2023, significantly below prior expectations, resulting in a nearly 22% drop in stock price [6]. Legal Process - Investors who purchased Teradata securities during the specified class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Teradata Corporation securities between February 13, 2023, and February 12, 2024, of the upcoming lead plaintiff deadline on August 13, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Teradata securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 13, 2024 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Allegations Against Teradata - The lawsuit alleges that Teradata made false and misleading statements regarding its business model, which resulted in longer transaction finalization times with customers [5]. - It is claimed that Teradata overstated its ability to close customer transactions within intended timeframes and failed to meet its 2023 Total Annual Recurring Revenue (ARR) expectations [5]. - The lawsuit asserts that when the true details were revealed, investors suffered damages due to the misleading public statements made by Teradata [5].

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 financial outlook, leading to significant investor losses [1]. Financial Performance and Guidance - 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 [3]. - Teradata's CFO indicated on December 7, 2023, that a significant deal might be delayed, potentially affecting the company's ARR performance, which led to a 6.24% drop in stock price [4]. - The actual results announced on February 12, 2024, showed public cloud ARR increased by only 48% and total ARR increased by 6%, both falling short of prior guidance, resulting in a 21.66% decline in stock price [5]. Legal Action and Investor Information - Investors affected by Teradata's alleged misconduct can seek to be appointed as lead plaintiffs by August 13, 2024, through Kessler Topaz Meltzer & Check, LLP [6]. - The class action complaint is filed in the United States District Court for the Southern District of California under the case name Ostrander v. Teradata Corporation, et al. [6].

Core Viewpoint - Teradata Corp. is facing a securities class action lawsuit due to allegations of making materially false and misleading statements regarding its business model, pipeline health, and revenue growth prospects between February 13, 2023, and February 12, 2024 [1][2]. 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 prospects [2]. - Investors reportedly began to learn the truth on December 7, 2023, when Teradata disclosed that certain large deals could be delayed, causing the stock price to drop by $2.89 per share, or 6%, closing at $43.40 per share [3]. - 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 per share on February 13, 2024 [3]. Group 2: Legal Representation and Firm Background - Bleichmar Fonti & Auld LLP is representing investors in the class action lawsuit and encourages those who lost money on their Teradata investment to submit their information to explore their rights [4]. - The firm operates on a contingency fee basis, meaning shareholders are not responsible for any court costs or litigation expenses [5]. - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm in securities class actions, having achieved notable recoveries in past cases, including over $900 million from Tesla, Inc. and $420 million from Teva Pharmaceutical Industries Ltd. [5].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Teradata Corporation securities about the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors without upfront costs [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Teradata securities purchased between February 13, 2023, and February 12, 2024, with a lead plaintiff deadline set for August 13, 2024 [1][2]. - Investors can join the class action by submitting a form or contacting the law firm directly for more information [2][5]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes its experience and success in securities class actions, having achieved significant settlements, including the largest against a Chinese company [3]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [3]. Group 3: Case Allegations - The lawsuit alleges that Teradata made false or misleading statements regarding its business model and customer transaction timelines, leading to an overstatement of its ability to meet revenue expectations [4]. - Specific claims include delays in closing customer transactions and an inability to meet the 2023 Total Annual Recurring Revenue growth expectations, which resulted in investor damages when the truth was revealed [4].

Core Viewpoint - Teradata Corporation is facing a federal securities class action due to allegations of misleading statements and failure to disclose critical information regarding its business model and performance expectations, leading to significant investor losses [2][4][8]. Group 1: Allegations and Legal Action - The complaint against Teradata alleges violations of federal securities laws, including making false statements about the company's ability to finalize customer transactions and overstating its growth expectations for 2023 [4]. - The law firm Faruqi & Faruqi is investigating potential claims and has set an August 13, 2024 deadline for investors to seek lead plaintiff status in the class action [2][8]. - Investors who suffered losses exceeding $100,000 between February 13, 2023, and February 12, 2024, are encouraged to discuss their legal rights [1]. Group 2: Financial Performance and Market Reaction - Teradata's Chief Financial Officer revealed at a conference that a significant deal could be delayed, which contributed to a drop in stock price by $2.89 per share (6.24%) on December 7, 2023 [5]. - The company reported that its public cloud ARR increased by only 48% and total ARR by 6% for the full year 2023, falling short of previous expectations due to "deal timing issues" [6]. - Following the announcement of disappointing financial results, Teradata's stock price fell by $10.57 per share (21.66%) on February 13, 2024 [7]. Group 3: Company Strategy and Market Dynamics - Teradata's CEO indicated that the company's expanded business model requires engagement with more executive decision-makers, which has led to delays in closing transactions [7]. - The CEO noted that several large deals, each worth $2 million or more in cloud ARR growth, slipped into 2024 due to these dynamics [7].

Core Viewpoint - Teradata Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its business performance and growth expectations [1][4]. Group 1: Allegations and Impact - The lawsuit alleges that Teradata overstated its ability to finalize customer transactions under its expanded business model, leading to delays and unmet revenue expectations [4]. - On December 7, 2023, Teradata's CFO indicated that a significant deal might be delayed, which contributed to a stock price drop of over 6% [5]. - On February 12, 2024, Teradata reported that its public cloud ARR increased by only 48% and total ARR by 6% for the full year 2023, significantly below prior expectations, resulting in a nearly 22% decline in stock price [6]. Group 2: Legal Process and Participation - Investors who purchased Teradata securities during the specified class period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff will have the authority to select a law firm for the litigation and does not need to be the lead plaintiff to share in any potential recovery [7]. Group 3: Company Overview - Teradata provides a connected multi-cloud data platform aimed at enterprise analytics, which is central to the allegations in the lawsuit [3].

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- 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. 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 arrangemen ...

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Teradata Corporation (NYSE: TDC). Shareholders who purchased shares of TDC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=94045&from=3 CLASS PERIOD: February ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Teradata To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 investing in Teradata stock or options between February 13, 2023 and February 12, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: ...