DATA - Cloudera: Blast Off
Cloudera (CLDR) provided investors another opportunity to own the stock below $14 due to concerns over an updated sales strategy that still requires the hiring of a new sales leader. Regardless of the expected hiccups in the sales transition, the cloud software company continues producing 20% growth that the market will eventually utilize to blast the stock off to new highs.
Image Source: Cloudera website
Big Guidance Boost
A big part of the issue with Cloudera following the FQ1 results in June was the disappointment surrounding guidance. Despite the company maintaining yearly guidance