Cloudera stock market value falls sharply after disappointing turnover figures

Cloudera stock market value falls sharply after disappointing turnover figures

The market value of Cloudera went down considerably yesterday. At the end of the day, the company announced that it had suffered greater losses than expected over the past quarter. The company also expects a loss in the coming quarter and the full-year figures are lower than analysts had expected. As a result, the market capitalisation fell by about 14%.

Cloudera sells software based on Apache Hadoop, as well as related techniques. These are suitable for data engineering, data warehousing, machine learning and analytics workloads. But last quarter, the company saw a greater loss than originally expected. And it expects to lose even more in the near future. Ultimately, the tide should turn when the company has completed its acquisition and, above all, the integration of its competitor Hortonworks.


Cloudera recorded a loss of sun 15 cents (13 euro cents) per share on sales of 144.5 million dollars (127.7 million euros) in the quarter. That’s much more than the 10 dollar cents (8.8 euro cents) it lost a year ago and much higher than the 11 cents (9.7 euro cents) analysts on Wall Street counted on. It is the first quarterly report since Cloudera Hortonworks acquired for $5.2 billion (€4.6 billion), although the figures include only those of Cloudera.

Together, Cloudera and Hortonworks hope to be able to compete better with companies like Amazon Web Services, which offer similar services. In September, when the acquisition was announced, Cloudera stated that it hoped to be profitable within twelve months. But the question is whether that will work, given these figures and the predictions for the coming period.

Unfavourable expectations

Cloudera announced that it expects a loss of between 25 and 36 dollar cents (22 and 31.8 euro cents) on a turnover of 190 million dollars (167.8 million euros) in the coming quarter. For the full financial year, the combined companies estimate a turnover of 855 million dollars (755.4 million euros). With this, the combined company estimates the turnover a lot lower than Wall Street.

Analysts had previously assumed a turnover of 207 million dollars (182.9 million euros) in the first quarter and an annual turnover of 940 million dollars (830.5 million euros). The fact that these predictions vary so much, caused the stock market value to fall by as much as fourteen percent.

This news article was automatically translated from Dutch to give a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.