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$CLDR Beat and Raise for Cloudera

Long
NYSE:CLDR   None
Entry level $11.25 = Target price $12.61 = Stop loss $10.90
Will await a break of resistance @ $11.10 next level of resistance at Golden Pocket $11.95
Earnings details source Investor Place
The Cloudera earnings report also includes its fiscal 2020 outlook. It expects adjusted losses per share ranging from -21 cents to -19 cents on revenue between $782 million and $785 million. That stacks up well next to Wall Street’s estimates of -26 cents per share and $770.23 million.
Adjusted per-share losses are 50% wider than the -2 cents from the same period of the year prior.
Revenue is up 66.64% from $119.00 million in the fiscal third quarter of 2019.
An operating loss of -$82.47 million is 221.27% worse than the -$25.67 million from the same time last year.
The Cloudera earnings report also includes a net loss of -$82.12 million.
That’s a 217.56% wider net loss than the -$25.86 million reported in fiscal Q3 2019
Company profile
Cloudera, Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow (CDF), Hortonworks Data Platform (HDP), and data science workbench. It operates through Subscription, and Services segments. The company was founded in 2008 by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher and is headquartered in Palo Alto, CA.

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