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Why Cloudera Stock Jumped Today

TheMotleyFool

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Shares of Cloudera (NYSE: CLDR) jumped as much as 17% this morning after the company reported third-quarter earnings. The results topped expectations and Cloudera issued strong guidance. As of 12:30 p.m., the stock had given up some of those gains and was up 9%.

Revenue in the fiscal third quarter came in at $217.9 million, topping the consensus estimate of $209 million in sales. That resulted in adjusted earnings per share of $0.15, also ahead of the $0.09 per share in adjusted profits that analysts were modeling for. The data analytics technology company finished the quarter with annualized recurring revenue of $756 million.

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Source Fool.com

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