Forget Snowflake, Cloudera Is a Better Big Data Stock
The initial public offering (IPO) of Snowflake (NYSE: SNOW) grabbed a lot of attention as the cloud-based big data specialist's S-1 revealed remarkable growth over the last several quarters. In addition, Warren Buffett's conglomerate Berkshire Hathaway and the venture capital arm of salesforce.com may have fueled the excitement as they agreed to participate in the IPO via two concurrent private placements. But the stock valuation is pricing in an awful lot of growth going forward while ignoring intensifying competition.
Instead of considering that risky proposition, investors should have a closer look at Cloudera (NYSE: CLDR). The market has yet to realize that the legacy data warehouse outfit has recently updated its offerings to address the cloud big data market, too.
Over the last several years, enterprises have been using on-premises data warehouse solutions to host, manage, and analyze their growing amount of data and make business decisions. Cloudera was founded in 2008 to address that need with an integrated data platform that leveraged different open-source projects.
Source Fool.com
