NEW YORK, NY / ACCESSWIRE / May 7, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Teradata Corporation ("Teradata") (NYSE:TDC) concerning possible violations of federal securities laws.
On February 12, 2024, Teradata announced 4Q 2023 results and then reduced its estimated growth for the full year 2024. The Company blamed it on a combination of "on-premises customer attrition and Cloud deal delays." Analysts commenting on the reduced estimates mention concern with Teradata converting customers to its cloud offerings and hitting the Company's target of over $1 billion in public cloud annual recurring revenue by the end of 2025.
Following this news, Teradata's stock price fell by $10.57 per share, or approximately 22% to close at $38.22 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/teradata-corporation-lawsuit-submission-form?prid=78572&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP