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: ...

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RADNOR, Pa., Aug. 07, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Teradata Corporation ("Teradata") (NYSE: TDC). The action charges Teradata with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As ...

Core Insights - Teradata's stock experienced a significant decline of 14.06% due to a mixed earnings report and weak guidance targets [1] - The company reported a 33% year-over-year increase in adjusted earnings, but revenues fell by 6% to $436 million, missing the consensus estimate of $447 million [2] - Management anticipates continued revenue declines despite solid profit expectations [2] Financial Performance - Adjusted earnings rose by 33% year-over-year [2] - Revenues decreased by 6% to $436 million, below the expected $447 million [2] Management Commentary - CEO Steve McMillan indicated that macroeconomic factors are impacting Teradata's performance, with clients taking longer to finalize deals [3] - The company is implementing a cost-cutting program targeting approximately 10% of its workforce [3] Market Position - Teradata's stock has dropped 54% over the past year, indicating ongoing challenges [4] - The company faces stiff competition from cloud-computing giants and emerging market players, making it difficult to capitalize on the AI boom [5] Strategic Outlook - While a cost-cutting program could improve earnings, the primary issue remains weak sales performance [6] - The company is attempting a turnaround but faces significant hurdles in a competitive landscape [6]

For the quarter ended June 2024, Teradata (TDC) reported revenue of $436 million, down 5.6% over the same period last year. EPS came in at $0.64, compared to $0.48 in the year-ago quarter. The reported revenue represents a surprise of -2.59% over the Zacks Consensus Estimate of $447.58 million. With the consensus EPS estimate being $0.48, the EPS surprise was +33.33%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

ATLANTA, Aug. 06, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against officers of Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, regarding the Company's business, operations, and compliance policies, including allegations that: (i) under Teradata's expanded business model, which involved engagement with additional customer ...