Cloudera, Inc. (NYSE:CLDR) stock observed trading -56.39% off 52-week high price. On the other end, the stock has been noted 2.09% away from low price over the last 52-weeks. The stock disclosed a move of -17.76% away from 50 day moving average and -32.42% away from 200 day moving average. Moving closer, we can see that shares have been trading -12.60% off 20-day moving average. It has market cap of $2465.85M .
Cloudera, Inc. (NYSE:CLDR), the enterprise data cloud company, released results for its first quarter of fiscal year 2020 ended April 30, 2019. Total revenue for the first quarter was $187.5 million, and subscription revenue was $154.8 million. Annualized recurring revenue grew 21% year-over-year.
“We continue to make substantial progress toward our goal of delivering the industry’s first enterprise data cloud, designed for powerful analytics across hybrid and multi-cloud environments with common security and governance,” said Tom Reilly, chief executive officer, Cloudera. “Our enterprise customers are excited about extending their analytic workloads to the public cloud through Cloudera Data Platform, which will be available this summer. While some customers in the first quarter elected to postpone renewal and expansion of their agreements in anticipation of the new platform’s release, affecting our full year outlook, this customer feedback and enthusiasm validates demand for enterprise data cloud solutions in our target market. Customers are benefiting from our offerings today, solving complex data management and analytic use cases spanning the Edge to AI, and we look forward to helping them accelerate their journey to the cloud with Cloudera Data Platform.”
All numbers reported for prior periods are presented for Cloudera on a standalone basis since the merger with Hortonworks, Inc. closed on January 3, 2019, and, as such, there is no comparative year-over-year financial information for the combined company.
GAAP loss from operations for the first quarter of fiscal 2020 was $103.8 million, compared to a GAAP loss from operations of $51.7 million for the first quarter of fiscal 2019.
Non-GAAP loss from operations for the first quarter of fiscal 2020 was $34.7 million, compared to a non-GAAP loss from operations of $25.7 million for the first quarter of fiscal 2019.
Operating cash flow for the first quarter of fiscal 2020, which includes $25.0 million of merger-related payments, was $11.5 million, compared to operating cash flow of $24.4 million for the first quarter of fiscal 2019.
GAAP net loss per share for the first quarter of fiscal 2020 was $0.38 per share, based on weighted-average shares outstanding of 271.4 million shares, compared to a GAAP net loss per share of $0.36 per share for the first quarter of fiscal 2019, based on weighted-average shares outstanding of 146.7 million shares. See financial statement tables below for additional information regarding historical and forward-looking stock-based compensation expenses and shares outstanding.
Non-GAAP net loss per share for the first quarter of fiscal 2020 was $0.13 per share, based on weighted-average shares outstanding of 271.4 million shares, compared to a non-GAAP net loss per share of $0.18 per share for the first quarter of fiscal 2019, based on weighted-average shares outstanding of 146.7 million shares.
As of April 30, 2019, the company had total cash, cash equivalents, marketable securities and restricted cash of $547.5 million.
Recent Business and Financial Highlights
The company also separately announced the planned retirement of Chief Executive Officer, Tom Reilly, and the appointment of Martin Cole, Chairman of the Board, as interim Chief Executive Officer.
First Quarter Fiscal 2020:
Annualized recurring revenue was $672.0 million, representing 21% year-over-year growth
Non-GAAP subscription gross margin for the quarter was 85%
Operating cash flow was $11.5 million, including $25.0 million of merger-related payments
Customers with annualized recurring revenue greater than $100,000 were 929
Expanded partnership with IBM to include all Cloudera product offerings and to add services
Brought to market two new products: Cloudera Edge Management, an edge management solution for IoT and streaming data, and Cloudera Flow Management, a no-code, high-scale data ingestion, and management solution
The outlook for the second quarter of fiscal 2020, ending July 31, 2019, is:
Total revenue in the range of $180 million to $183 million
Subscription revenue in the range of $155 million to $157 million
Non-GAAP net loss per share in the range of $0.11 to $0.08 per share
Weighted-average shares outstanding of approximately 274 million shares
The outlook for fiscal 2020, ending January 31, 2020, is:
Annualized recurring revenue growth of 0% to 10%
Total revenue in the range of $745 million to $765 million
Subscription revenue in the range of $635 million to $645 million
Operating cash flow in the range of negative $95 million to negative $75 million, including $59 million of non-recurring merger-related payments
Non-GAAP net loss per share in the range of $0.32 to $0.28 per share
Weighted-average shares outstanding of approximately 280 million shares
The USA based company Cloudera moved with change of -3.40% to $8.8 with the total traded volume of 17656488 shares in recent session versus to an average volume of 5011.22K. The stock was observed in the 5 days activity at -6.48%. The one month performance of stock was -21.29%. CLDR’s shares are at -37.77% for the quarter and driving a -47.96% return over the course of the past year and is now at -20.43% since this point in 2018. The average volatility for the week and month was at 5.41% and 3.97% respectively. There are 280.21M shares outstanding and 267.37M shares are floated in market.