Teradata Corp (TDC)

Teradata Corp Stock (TDC) dropped by 6.24% from $46.29 to $43.40 in the trading on Thursday December 07, 2023. The reasons why TDC stock down today include:

• Delayed Big Deal: TDC shares plummeted after CFO Bramley warned at a conference of a potential eight-figure deal pushout. Bramley attributed the delay to customer "corporate development action," not competition or closing issues.
• Cloud ARR Guidance: The delay could put TDC's cloud ARR at the low end or slightly below its previously provided growth range. Bramley noted an elongation of the deal life cycle, emphasizing potential delays rather than lost deals.