Why Cloudera Is Slumping Today
Fool.com - Thu 14 Mar 23:08 GMT

Shares of the software-as-a-service provider swoon in response to mixed quarterly results. Here are the key details for investors.

Why Cloudera Is Slumping Today

  So what Here are the key numbers from Cloudera's fiscal 2019 fourth quarter:  Revenue grew 37% to $144.5 million.

  Here's a review of the results from the full fiscal year 2019: Revenue grew 29% to $479.9 million.

  Now what On the company's conference call with Wall Street, Cloudera CEO Tom Reilly did his best to hammer home the enormous opportunity that lies in front of the newly combined entity: loudera now has the scale and resources to address the growing opportunity in large enterprises.

  While there is still significant upside in those large customers, the key takeaway is that more than 90% of our customer base is ripe for expansion via the enhanced upsell and cross-sell motions enabled by the merger.

  The opportunity ahead of the company appears to be large, but Cloudera's stock has now fallen by more than 30% since its megamerger was first announced back in October of 2018.