Cloudera Inc (NYSE:CLDR) reported earnings today after market close. The company beat Wall Street expectations by:
- Reported revenue of $196.7M versus $182.31M expected. Beating by $14M.
- Reported a loss of only 2 cents versus a 10 cent loss expected. Beating by 8 cents.
- Upped their guidance range for future revenues.
Currently. shares are higher and have rallied over $8. Considering the earning, one would think analysts are going to step in and upgrade CLDR again – as many analysts were forced to downgrade them back in June.
On the negative side, they announced that they acquired some assets from “Arcadia Data” and did not disclose the details in their earnings press release.