Home  »  Value Stocks   »   Cloudera Inc. (CLDR): Latest Results Show Potent...

 Cloudera Inc. (CLDR): Latest Results Show Potential

It has just been announced that Cloudera Inc. ( NYSE: CLDR ), a provider of data processing solutions, has released a strong quarterly report. Clodera Inc. has sold its business to KKR & Co. and Clayton Dubilier & Rice LLC.

As a result of this news event, Cloudera Inc. (NYSE: CLDR) grew by 23.87 % and closed at $ 15.93 on June 1. Stock volume remained high at 71.33 million shares, substantially above the average daily volume of 4.48 million shares over the last 50 days. CLDR shares have risen by 45.35 percent in the past year, and they have climbed 26.33% this week. The stock declined by -1.91% over the past three months, while it gained by 35.57% over the past six months. Moreover, the company holds 303.53 million outstanding shares, and its current market cap is $4.68 billion.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Cloudera’s strong business performance and the company’s results for the quarter of April 30, 2021, are presented. The company’s total revenue increased by 7 % YoY to $ 224.3 million. Recurring AAR revenue increased by 12 %. The GAAP loss per share has decreased to $0.14. Additionally, Cloudera has purchased several companies, including data integration tool provider Datacoral and cloud technology provider Cazena.

Cloudera, on the other hand, is leaving the public market. It was approved by the board to be sold to private ownership for approximately $ 4.7 billion. Over the previous session, the deal implied a 24 % premium. Shareholders of CLDR will receive $ 16 for each share.

Cloudera Inc.’s ( NYSE: CLDR ) sale has implications for the IT services market, as many major cloud providers are partners of Cloudera, such as Amazon, Alphabet, and Microsoft. The company recently partnered with NVIDIA. A recent deal highlights the growing demand for cloud technologies as a result of the COVID-19 pandemic. It’s a global trend for organizations to move to the cloud – to remote servers and distributed networks. Therefore, service providers will receive more attention from investors.

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam