Worth Watching Stock for Traders: Cloudera, Inc. (NYSE: CLDR)

On 08 May 2020, Cloudera, Inc. (NYSE: CLDR) changed 2.62% to recent value of $8.62. The stock transacted 2700007 shares during most recent day however it has an average volume of 4901.4K shares. It spotted trading -29.46% off 52-week high price. On the other end, the stock has been noted 81.09% away from the low price over the last 52-weeks.

Cloudera, Inc. (CLDR) stated results for its fourth quarter and fiscal year 2020, ended January 31, 2020. Total revenue for the fourth quarter was $211.7M, and subscription revenue was $182.0M. Annualized Recurring Revenue grew 11% year-over-year.

Except where noted, all previous period amounts include the results of Hortonworks starting January 3, 2019, the date the Company merged with Hortonworks.

GAAP loss from operations for the fourth quarter of fiscal 2020 was $64.4M, contrast to a GAAP loss from operations of $87.0M for the fourth quarter of fiscal 2019.

Non-GAAP income from operations for the fourth quarter of fiscal 2020 was $11.0M, contrast to a non-GAAP loss from operations of $30.2M for the fourth quarter of fiscal 2019.

Operating cash flow for the fourth quarter of fiscal 2020 was negative $9.4M, which includes $16.1M of merger-related payments, contrast to operating cash flow of $40.2M for the fourth quarter of fiscal 2019.

GAAP net loss per share for the fourth quarter of fiscal 2020 was $0.22, contrast to a GAAP net loss per share of $0.45 for the fourth quarter of fiscal 2019.

Non-GAAP net income per share for the fourth quarter of fiscal 2020 was $0.04, contrast to a non-GAAP net loss per share of $0.15 for the fourth quarter of fiscal 2019.

For fiscal year 2020, total revenue was $794.2M and subscription revenue was $667.8M.

GAAP loss from operations for fiscal year 2020 was $339.8M, contrast to a GAAP loss from operations of $193.8M for fiscal year 2019.

Non-GAAP loss from operations for fiscal year 2020 was $39.4M, contrast to a non-GAAP loss from operations of $67.3M for fiscal year 2019.

Operating cash flow for fiscal year 2020 was negative $36.8M, which includes $60.5M of merger-related payments, contrast to operating cash flow of $34.3M for fiscal year 2019.

GAAP net loss per share for fiscal year 2020 was $1.20, contrast to a GAAP net loss per share of $1.21 for fiscal year 2019.

Non-GAAP net loss per share for fiscal year 2020 was $0.13, contrast to a non-GAAP net loss per share of $0.41 for fiscal year 2019.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading Non-GAAP Financial Measures.

As of January 31, 2020, Cloudera had total cash, cash equivalents, marketable securities and restricted cash of $486.5M .

Recent Business and Financial Highlights

  • Annualized Recurring Revenue at the conclusion of the quarter was $731.2M, representing 11% year-over-year growth
  • GAAP subscription gross margin for the quarter was 84%
  • Non-GAAP subscription gross margin for the quarter was 88%
  • Non-GAAP income from operations for the quarter was $11.0M, including $7.0M of merger-related spending
  • Consumers with Annualized Recurring Revenue greater than $100,000 were 1004, up 27 from the previous quarter
  • Cloudera’s board of directors authorized the repurchase of up to $100M of Cloudera ordinary stock
  • Cloudera designated Robert Bearden as president and chief executive officer. An experienced enterprise software executive and open source software luminary, he has served on Cloudera’s board of directors since the merger of Cloudera and Hortonworks
  • Cloudera Data Platform debuted on Microsoft Azure Marketplace
  • Introduced the first Apache NiFi and Apache Kafka public cloud services on CDP, Flow Management and Streams Messaging on Data Hub
  • Introduced the initial release of Cloudera Streaming Analytics, powered by Apache Flink, expanding the Cloudera data lifecycle capabilities with real-time streaming analytics

Share Repurchase Authorization

Cloudera’s board of directors has authorized the repurchase of up to $100M of Cloudera’s ordinary stock, through open market purchases, block trades and/or in privately negotiated transactions or pursuant to Rule 10b5-1 plans, in compliance with applicable securities laws and other legal requirements. The timing, volume and nature of any repurchases will be determined by Cloudera’s management based on its evaluation of the capital needs of the business, market conditions, applicable legal requirements and other factors. No time limit was set for the completion of the repurchase program, and the program may be suspended or discontinued at any time. Cloudera presently expects to fund the repurchase program using Cloudera’s cash balance.

Business Outlook

The outlook for the first quarter of fiscal 2021, ending April 30, 2020, is:

  • Total revenue in the range of $202M to $207M
  • Subscription revenue in the range of $180M to $183M
  • Non-GAAP operating loss/income in the range of negative $3M to positive $2M
  • Non-GAAP net loss/income per share in the range of negative $0.01 to positive $0.01
  • Basic and diluted weighted-average share counts of about 302M and 314M shares, respectively

CLDR has a gross margin of 70.70% and an operating margin of -42.80% while its profit margin remained -42.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 0.60% for this year while earning per share for the next 5-years is expected to reach at # ref.  The company has 309.78M of outstanding shares and 287.69M shares were floated in the market. According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 9.48% from the mean of 20 days, 10.64% from mean of 50 days SMA and performed -3.21% from mean of 200 days price. Company’s performance for the week was 9.25%, 2.86% for month and YTD performance remained -25.88%.

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