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Why Cloudera Stock Tumbled Today

TheMotleyFool

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Why Cloudera Stock Tumbled TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

Shares of Cloudera (NYSE: CLDR) sank on Thursday after the cloud software company reported its first-quarter results. While revenue and earnings beat analyst expectations, guidance came in below estimates. The stock was down 11.1% at 2 p.m. EDT.

Cloudera reported first-quarter revenue of $210.5 million, up 12% year over year and $5.9 million higher than the average analyst estimate. Subscription revenue grew at a quicker 21% pace, reaching $187.1 million.

Image source: Getty Images.

Source Fool.com

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