NEW
YORK, Aug. 8, 2024 /PRNewswire/ -- 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=94268&from=4
CLASS PERIOD: February 13,
2023 to February 12, 2024
ALLEGATIONS: The complaint alleges that during the class period, Defendants
issued materially 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 decisionmakers, 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) Teradata 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.
DEADLINE: August 13, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=94268&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TDC during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is August 13, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal
business practices. The Gross Law Firm is committed to ensuring
that companies adhere to responsible business practices and engage
in good corporate citizenship. The firm seeks recovery on behalf of
investors who incurred losses when false and/or misleading
statements or the omission of material information by a company
lead to artificial inflation of the company's stock. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm