Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Cloudera Stock Got Crushed Today

TheMotleyFool

0 0

Shares of Cloudera (NYSE: CLDR) have gotten crushed today, down by 11% as of 12:45 p.m. EDT, after the company reported fiscal second-quarter results. The results and guidance topped expectations, but tech stocks are broadly tanking in today's session.

Revenue in the fiscal second quarter was $214.3 million, compared to the consensus estimate of $208.1 million. That resulted in adjusted earnings per share of $0.10, while Wall Street was modeling for just $0.07 per share in adjusted profits. Annualized recurring revenue (ARR) at the end of the quarter was $739 million.

Image source: Getty Images.

Source Fool.com

Like: 0

CLDR

Share