Security Investigation

Teradata Corporation (NYSE: TDC)

26 Days left to seek lead plaintiff status.

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

Contact a Lawyer Now

(877) 515-1850

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).

Teradata and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.  The alleged false and misleading statements and omissions include, but are not limited to, that: i) under its expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with the Company’s customers took longer to finalize; (ii) the Company thus overstated its ability to close customer transactions within their intended timeframes under its expanded business model; (iii) the Company failed to timely close several customer transactions that it had factored into its outlook for 2023 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.

If you purchased shares of Teradata and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is Ostrander v. Teradata Corporation, et al., No. 24-cv-01034.

Click here to read the first filed complaint.