CLDR stock is showing severe selling pressure in Thursday’s trading session as Cloudera Inc (NYSE:CLDR) revealed Q1 results that missed analyst estimates, with revenue growth mainly driven by the Hortonworks acquisition. Additionally, the company announced that CEO Tom Reilly was leaving July 31, 2019.
Q1 Results and Revised GuidanceCloudera’s guidance and results were hurt following the delay of customers in renewing and expanding their agreements. It seems like it is an industry problem and not company specific, as Pivotal Software has also indicated having challenges in closing deals with new clients.
Cloudera generated ...
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