Cloudera stock dissipates after disappointing 4Q results, guidance
Cloudera Inc (NYSE:CLDR) stock is sliding after the company posted fourth-quarter results and guidance late Wednesday that underwhelmed investors.
The machine-learning and analytics platform beat on revenue, raking in $144.5 million compared with $121 million expectations. However, the company reported a net loss of $0.15 per share, bigger than the expected net loss of $0.11, according to TheStreet.
The share price dropped 16.8% to $12.15.
READ: Cloudera shares pop after unveiling all-stock $5B merger with competitor Hortonworks
Looking ahead, the Palo Alto, California-based company projects a net loss per share between $0.22 and $0.25, below the average expected loss per share of $0.11.
This is the first quarter since the company’s merger with rival Hortonworks was completed in January. In a conference call Wednesday, the company said it had a purchase-price adjustment from the agreement that would reduce its fiscal 2020 revenue by $62 million, per MarketWatch.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/216503/cloudera-stock-dissipates-after-disappointing-4q-results-guidance-216503.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).