Why Cloudera Surged 24.1% in September

Shares of Cloudera (NYSE: CLDR) soared 24.1% in the month of September, according to data from S&P Global Market Intelligence, as the stock recovered from an early year swoon and the big data processing company reported expectation-beating second-quarter results.

Cloudera was coming off a rough first half of 2019, so its better-than-feared quarter gave sentiment around the stock a boost. Also helping was a big investment from Carl Icahn, who took an 18% stake in the company in July and received two board seats in August.

Cloudera beat expectations in Q2. Image source: Getty Images.

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Source Fool.com