Not every fast-growing, money-losing software company delivers great returns for investors. While investing in that type of company was a winning strategy in 2020 , data specialist Cloudera (NYSE: CLDR) has been a disappointment during its four years as a publicly traded company.
Cloudera went public in 2017 at $15 per share with big ambitions: The company pegged its total addressable market at $65.6 billion by 2020. Cloudera was growing sales quickly, with revenue shooting up 60% to $261 million in 2017.
Image source: Getty Images.
For further details see:
Cloudera Was a Dud for Investors