SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Teradata Corporation – TDC

NEW YORK, Feb. 24, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Teradata Corporation (“Teradata” or the “Company”) (NYSE: TDC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Teradata and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 12, 2024, Teradata announced its fourth quarter and full year 2023 financial results, revealing that the Company ended the year below its 2023 outlook for cloud and total annual recurring revenue, which the Company primarily attributed “to timing issues.” 

On this news, Teradata’s stock price fell $10.57 per share, or 21.66%, to close at $38.22 per share on February 13, 2024.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-teradata-corporation—tdc-302070117.html

SOURCE Pomerantz LLP