"Teradata Stock Plummets Amid Market Turmoil"
Teradata's stock plummeted by 23.4% following the release of its fourth-quarter results and forward guidance, despite the company's strong Q4 performance. The company's pivot to the cloud showed promise, but a significant decline in on-premise solutions and underwhelming 2024 forecasts led to a ratings downgrade from Bank of America. While management remains confident in hitting its targets, analysts are concerned about the company's path to reaching its public cloud ARR goal by 2025 and weak free-cash-flow growth.