TDC LAWSUIT UPDATE: Teradata Corp. (NYSE:TDC) Shareholders are Reminded of Upcoming Deadline in Securities Fraud Action; Contact Us if you Suffered Losses

Core Insights - Teradata faced significant stock price declines following revelations of delayed large deals and missed annual recurring revenue (ARR) guidance, with a drop of 6% on December 7, 2023, and 22% on February 13, 2024 [1] Group 1: Stock Performance - On December 7, 2023, Teradata's stock price fell by $2.89, or 6%, closing at $43.40 per share after the announcement of potential delays in large deals [1] - Following the announcement of "deal timing issues" on February 12, 2024, Teradata's stock price dropped by $10.57, or 22%, closing at $38.22 per share on February 13, 2024 [1] Group 2: Legal Issues - Teradata was sued on June 16, 2024, for violations of federal securities laws, with allegations of materially false and misleading statements made by the company and its executives regarding the success of its business model and revenue growth prospects [8] - The lawsuit claims that Teradata's expanded business model led to significant delays in closing large customer transactions, resulting in an overstatement of the health of its pipeline and revenue growth [8]