Why Cloudera Stock Got Crushed Today

Shares of Cloudera (NYSE: CLDR) have gotten crushed today, down by 11% as of 12:45 p.m. EDT, after the company reported fiscal second-quarter results. The results and guidance topped expectations, but tech stocks are broadly tanking in today's session.

Revenue in the fiscal second quarter was $214.3 million, compared to the consensus estimate of $208.1 million. That resulted in adjusted earnings per share of $0.10, while Wall Street was modeling for just $0.07 per share in adjusted profits. Annualized recurring revenue (ARR) at the end of the quarter was $739 million.

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Source Fool.com