Cloudera, Inc. (NYSE: CLDR)
Cloudera, a newly publicly trading company on the New York Stock Exchange since April 27, 2017 reported their fiscal 1Q 2018 earnings and their first earnings report ever on Thursday June 8, 2017. Shares were trading in a relatively flat (sideways) range for the past few days as the earnings day approached.
Shares have traded in a 52 week range of $17.73-$23.35. The company trades an average daily volume of around 1.4 million shares-not bad for a company just starting out on the NYSE. There are 128 million shares in the outstanding float of which only a small fraction ( 1.75%) are held short.
Immediately after the earnings figures were announced shares climbed higher- however, after the numbers were fully digested it seems shares dropped like a rock. Shares closed down $3.59 or 15.62% at $19.40. Shares had closed the regular session at $22.99.
So here is what happened. It seems that while operating cash flow for the quarter was higher by $5 million dollars compared to a negative flow -$23.6 million in the same time last year, it was The GAAP net loss per share for the first fiscal quarter of 2018 which was $5.78 per share compared to a loss of $1.2 dollars per share in the previous same earnings period a year ago.
However the company seemed to shrug off the loss and was looking forward to a much more positive looking rest of the year with much to look forward to.
Tom Reilly, Chief Executive Officer had this to say about the numbers;
“We had a strong first quarter as a public company, making progress against many of our key objectives,” said Tom Reilly, chief executive officer at Cloudera. “We are proud of the role that Cloudera is playing in helping solve some of the world’s most challenging problems through data. In Q1, we continued our innovation leadership in machine learning with the introduction of Cloudera Data Science Workbench, in IoT with the general availability of Apache Kudu and in cloud analytics with our first Platform-as-a-Service offering, Cloudera Altus. In addition, I am pleased with the success that our customers are experiencing in becoming data- and insight-driven enterprises and its corresponding effect on our business with our net expansion rate of 142% for the quarter.”
The above price chart is the daily action going back to the IPO. Notice how the price has respected the solid green up trend line as well as the solid red resistance line above. The green dotted line is the price channel that the stock has been tightly bound by for the last 2 week trading cycle
The above price chart shows the aftermarket session on the right and the intraday session on the left. Note that tight trading range on the left contrasted with the extreme price movements on the right. Traders will be watching this one closely in the morning to see which way it wants to resolve itself with such conflicting after hours price action.
Cloudera, Inc. operates a data management, machine learning, and analytics software platform in the United States, Europe, and Asia. The companys platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.
It provides Cloudera Essentials and Cloudera Enterprise solutions; Cloudera Data Science for programmatic preparation, predictive modeling, and machine learning; Cloudera Real Time for online, streaming, and real-time applications; and Cloudera Analytics for business intelligence and SQL analytics.
The company also offers Cloudera Manager that allows its customers to manage their clusters and workloads; Cloudera Director that automates and abstracts cluster interactions with cloud infrastructure providers; Cloudera Navigator Audit and Lineage, which provides a auditable history of data accesses with a unified searchable audit dashboard; Cloudera Navigator Optimizer that analyzes the SQL queries; and Cloudera Navigator Encrypt and Key Trustee that allows customers to set and enforce the policies governing data encryption, as well as an administrator to grant and revoke key privileges.
In addition, it provides technical support, professional, and training services. The company serves banks, technology companies, telecommunication companies, and healthcare and life sciences companies through its direct sales force. Cloudera, Inc. has a strategic partnership with Intel Corporation. The company was founded in 2008 and is headquartered in Palo Alto, California.-Yahoo Finance
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