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Investors who lost money with shares of Teradata Corporation (NYSE: TDC) should contact the Shareholders Foundation in connection with Investigation over possible Violations of Securities Laws

03-05-2024 04:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Teradata Corporation (NYSE: TDC) shares over potential securities laws violations by Teradata.

An investigation for investors in Teradata Corporation (NYSE: TDC) shares over potential securities laws violations by Teradata.

An investigation was announced for investors of Teradata Corporation (NYSE: TDC) shares over potential securities laws violations by Teradata Corporation.

Investors who purchased shares of Teradata Corporation (NYSE: TDC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Teradata Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Diego, CA based Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. Teradata Corporation reported that its annual Total Revenue rose from $1.79 billion in 2022 to $1.83 billion in 2023, and that its Net Income increased from $33 million in 2022 to $62 million in 2023.

On February 12, 2024, Teradata Corporation 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.

Shares of Teradata Corporation (NYSE: TDC) declined from $49.29 per share on January 22, 2024 to as low as $36.84 per share on February 28, 2024.

Those who purchased shares of Teradata Corporation (NYSE: TDC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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