Teradata Corporation (NYSE: TDC)

This investigation is for anyone who acquired securities in Teradata Corporation (NYSE: TDC) from February 13, 2023 through February 12, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely inform investors that the Company’s annual recurring revenue would fall short of guidance.

On February 12, 2024, Teradata released its fourth quarter and full year 2023 financial results, revealing cloud and total annual recurring revenue falling short of the Company’s original 2023 outlook due to “timing issues” and “a handful of large deals” that got pushed back into 2024. Additionally, the Company indicated that it was seeing significant declines for its on-premise solutions. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Teradata Corporation (NYSE: TDC) from February 13, 2023 through February 12, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.