Teradata shares are trading lower following cautious outlook comments from the company at a Barclays conference, citing an eight-figure deal at risk of being pushed out.
Portfolio Pulse from Benzinga Newsdesk
Teradata's stock is trading lower after the company expressed a cautious outlook at a Barclays conference, indicating that a significant eight-figure deal is at risk of being delayed.
December 07, 2023 | 7:51 pm
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Teradata Corporation's shares are down following comments at a Barclays conference about a potential delay in an important eight-figure deal.
The cautious outlook provided by Teradata at the Barclays conference, specifically mentioning the risk of a significant deal being pushed out, is likely to negatively impact investor sentiment in the short term. This kind of news can lead to a lack of confidence in the company's near-term revenue and earnings potential, which is often reflected in the stock price.
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