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Why Cloudera Stock Is Plummeting Today

TheMotleyFool

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Shares of Cloudera (NYSE: CLDR) dropped sharply this morning after the company reported its fourth-quarter and fiscal year 2021 results. Despite a strong fourth quarter, investors were upset with the tech stock's guidance for the current fiscal year.

The stock was down by 14.3% as of 10:28 a.m. EST.

Cloudera reported non-GAAP (adjusted) diluted earnings of $0.15 per share in the fourth quarter, which easily beat Wall Street's consensus estimate of $0.11 per share. The company's fourth-quarter sales of $226.6 million also surpassed analysts' consensus estimate of $221.4 million.

Source Fool.com

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