Why Cloudera, Inc. Stock Fell 14.3% in September

Cloudera (NYSE: CLDR) dipped 14.3% in September, according to data from S&P Global Market Intelligence, following a post-earnings sell-off and the announcement of a secondary stock offering.

Cloudera, which specializes in big data and Hadoop distribution, released its second-quarter earnings results on Sept. 7, delivering revenue and earnings that topped the average analyst estimates. Despite a strong performance that saw subscription revenues climb 46% year over year, overall sales climb 39%, and new guidance for a smaller loss on the fiscal year, the company's shares dipped following the earnings release.

Shares continued to fall after the company announced on Sept. 15 that it had filed for a new stock offering. Details on the follow-up offering are still somewhat scarce, but the company has confirmed that it will involve selling existing shares and issuing new stock. The company's post-IPO lockup period is set to expire on Oct. 25, and the potential for large insider sell-offs could be another source of anxiety for shareholders.

Source: Fool.com