NEW
YORK, Aug. 5, 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=93531&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=93531&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