TERADATA SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS

NEW ORLEANS, June 19, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until 13 August 2024 to file lead plaintiff motions in a class action lawsuit against Teradata Corporation (the “Company”) (NYSE: TDC) if they purchased or otherwise acquired the Company’s stock between February 13, 2023 and February 12, 2024, inclusive (the “Class Period”). This action is pending in the U.S. District Court for the Southern District of California.

get help

Teradata investors should visit us at https://claimsfiler.com/cases/nyse-tdc/ or call toll free (844) 367-9658. The attorneys at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the lawsuit

Teradata and certain of its executives are accused of failing to disclose material information during the Class Period in violation of federal securities laws. The alleged false and misleading statements and omissions include, among others, that (i) as part of its expanded business model, which involved working with additional customer business units and decision makers, transactions with the Company’s customers took longer to complete; (ii) the Company thus overstated its ability to complete customer transactions within the anticipated timelines as part of its expanded business model; (iii) the Company failed to timely complete several customer transactions that it had included in its 2023 annual recurring revenue (“ARR”) growth forecast; (iv) as a result, the Company is unlikely to meet its expectations for full-year 2023 total and public cloud ARR; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

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

About ClaimsFiler

ClaimsFiler has a single mission: to serve as a resource to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action lawsuits so they can file their own claims in a timely manner; (2) upload their portfolio transaction data to be notified of relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the law firm of Kahn Swick & Foti, LLC to receive free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.