Recent Security Class Actions

Teradata Corporation Common Stock (NYSE: TDC)

28 Days left to seek lead plaintiff status.

Company Name:Teradata Corporation Common Stock
Stock Symbol:NYSE: TDC
Class Period Start:02/13/2023
Class Period End (inclusive):02/12/2024
Filing Deadline:08/13/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) under Teradata's expanded business model, which involved engagement with additional customer business units and decision makers, transactions with the Company's customers took longer to finalize; (ii) Teradata thus overstated its ability to close customer transactions within their intended timeframes under its expanded business model; (iii) Terada failed to timely close several customer transactions that it had factored into its outlook for 2023 Total Annual Recurring Revenue ("ARR") growth; (iv) as a result, the Company was unlikely to meet its full year 2023 Total and Public Cloud ARR expectations; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Teradata Corporation Common Stock (NYSE: TDC) Claim Form

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