Cloudera fell sharply after reporting worse-than-expected earnings for its fiscal fourth quarter
Cloudera plummeted as much as 15 percent in extended trading on Wednesday after the developer of software for managing and analyzing large amounts of data provided an outlook that disappointed investors.
Not all analysts have published estimates for the combined company, but some of those who have were expecting bigger numbers. Analysts at BTIG predicted in a note on Tuesday that sales would reach $207 million in the first quarter and $940 million for the year. D.A. Davidson analysts said last week that revenue this calendar year would be $920 million.
"The elimination of the massive product overlap between the two companies could drive increasing standardization of the Hadoop stack and therefore remove barriers to consumption, which in turn could increase demand," wrote Edward Parker of BTIG, who has a"buy" rating on the stock. Cloudera CEO Tom Reilly said on the call with analysts on Wednesday that the teams have been combined but there are still administrative and other developments in the works.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shanghai stocks plummet more than 4 percent: 'China's trade recession has started to emerge'Shares in mainland China crumbled on Friday after Chinese trade data missed expectations.
Weiterlesen »
Health insurer's stock plummets after reported Congressional investigation into short-term plansShares of a company selling short-term health insurance plans took a hit after a report that House Democrats are looking into the practice.
Weiterlesen »
U.S. solar installations to rebound in 2019 as prices plummet: WoodmacNew U.S. solar installations will grow by 14 percent this year thanks to lower e...
Weiterlesen »
Dow futures point to lower open after China's exports plummetU.S. stock index futures were lower Friday morning, amid escalating concerns about a global economic slowdown.
Weiterlesen »
Eventbrite stock plummets 20% after earnings miss, revenue beat
Weiterlesen »
Boeing's market value plummets by almost $30 billion as U.S., other countries ban the Max 8The Max 8 is Boeing's 'cash cow,' said one aviation consultant. 'It’s a big deal financially. It’s also a big deal reputationally.'
Weiterlesen »
Disappointing photos show what all-inclusive resorts look like in real lifeAll-inclusive resorts are popular vacation spots, but real photos show crowded hotels that often come with hidden fees.
Weiterlesen »