Cloudera, Inc
CLDR NYSE

CLDR
Cloudera, Inc NYSE
Trade now
 
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Upcoming Earnings
EPS
Market Cap
Div Yield
P/E
Trade now

History of CLDR

Important events

Jun 022021

Goodbye party

Cloud data company Cloudera is being taken private through a $5.3 million acquisition, and prices jump 24% in a single day as investors get excited about a big payout.

In the latest big-tech private equity acquisition, Cloudera disclosed that firms KKR & Co. and Clayton Dubilier & Rice LLC have agreed to buy the data management and analytics software company. Cloudera was one of the original hottestHadoop startups (cast your minds back on that one, it used to be the biggest way to process big data) back in the day, but as competition surged in the cloud space with big dogs like Amazon and Google getting in on the act, the stock lost its shine and has underperformed since its debut in 2017. It currently has a market cap of around $3.7 billion.

Overall, the take private of Cloudera is just another example of the tremendous amount of private equity money looking for a home in the software sector given the strong margin and retention profile of these companies. We expect M&A, both strategic and financial, to remain active in the space in the coming quarters/years,

said analysts at Stifel on Tuesday.

Cloudera put the cherry on the top with its latest financials in Q1, with earnings per share almost 50% above expectations at $0.12, and revenues of $224.3 million coming in just over 3% above expectations and 7% up from the year before.