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Cloudera Was a Dud for Investors

TheMotleyFool

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Cloudera Was a Dud for InvestorsPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Not every fast-growing, money-losing software company delivers great returns for investors. While investing in that type of company was a winning strategy in 2020, data specialist Cloudera (NYSE: CLDR) has been a disappointment during its four years as a publicly traded company.

Cloudera went public in 2017 at $15 per share with big ambitions: The company pegged its total addressable market at $65.6 billion by 2020. Cloudera was growing sales quickly, with revenue shooting up 60% to $261 million in 2017.

Image source: Getty Images.

Source Fool.com

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