https://www.wlns.com/business/press-releases/accesswire/861858/lost-money-on-teradata-corporationtdc-contact-levi-korsinsky-regarding-an-ongoing-investigation/
Lost Money on Teradata Corporation(TDC)? Contact Levi & Korsinsky Regarding an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / May 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Teradata Corporation ("Teradata") (NYSE:TDC) concerning possible violations of federal securities laws.
On February 12, 2024, Teradata announced 4Q 2023 results and then reduced its estimated growth for the full year 2024. The Company blamed it on a combination of "on-premises customer attrition and Cloud deal delays." Analysts commenting on the reduced estimates mention concern with Teradata converting customers to its cloud offerings and hitting the Company's target of over $1 billion in public cloud annual recurring revenue by the end of 2025.
Following this news, Teradata's stock price fell by $10.57 per share, or approximately 22% to close at $38.22 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/teradata-corporation-lawsuit-submission-form?prid=79185&wire=1