categories

HOT TOPICS

NEWSLETTER

If you are considering becoming a 1M/1M premium member and would like to join our mailing list to receive ongoing information, please sign up here.

Subscribe to our Feed

Cloud Stocks: What Apps Will Drive More Traction for Cloudera?

Posted on Wednesday, Apr 10th 2019

Last year, Hadoop services providers Cloudera (NYSE: CLDR) and Hortonworks merged under the Cloudera umbrella. The $5.2 billion merger was completed earlier this year. The combined entity announced its first quarterly performance since the merger that surpassed market expectations, but the outlook was weak.

Cloudera’s Financials

Cloudera’s fourth quarter revenues grew 37% over the year to $144.5 million, ahead of the market’s forecast of $121 million. It ended the quarter with a net loss of $85.5 million or $0.45 per share due to $30 million of merger related expenses. During the quarter, R&D spend rose 29% to $37.4 million, and sales and marketing expenses surged 31% to $63.5 million. On an adjusted basis, losses came in at $0.15 per share compared with an adjusted loss of $0.11 per share forecast by the market.

During the quarter, subscription revenues grew 42% to $123 million and services revenues grew 14% to $21.5 million. Overall, Hortonworks contributed $15 million to total revenues.

Cloudera ended the year with total revenues of $479.9 million. GAAP loss from operations for fiscal year 2019 was $193.8 million compared with a loss of $374.2 million for standalone Cloudera reported a year ago. Non-GAAP loss from operations for fiscal year 2019 came in at $67.3 million, compared with a loss of $80.4 million a year ago.

For the current quarter, Cloudera forecast revenues of $187-$190 million with a net loss of $0.25-$0.22 per share. It expects to end the year with revenues of $835-$855 million and adjusted losses of $0.36-$0.32 per share. The market was looking for revenues of $207 million for the quarter and $940 million for the year.

The management announced that the merger was going well, and that the companies had completed their product road-map analysis and engineers had made decisions about which company’s products to keep and which ones to abandon.

Cloudera’s Product Upgrades

During the quarter, Cloudera continued to improve its product offerings. It recently announced upcoming edge data management software solutions that are focused on empowering Internet of Things (IoT) developers and architects with more powerful controls to gather, transport, and manage data-driven insights. The Edge is among the fastest-growing sources of data, but most IoT data is unstructured. Its new solutions are focusing on helping organizations leverage the large volumes of complex IoT data to create actionable insights.

Cloudera Edge Management and Cloudera Flow Management are part of Cloudera DataFlow, an open source platform that has been designed to process, track, and manage large volumes of real-time streaming data. Cloudera Edge Management will help IoT developers and architects improve the way they process IoT data by providing a lightweight edge agent for data collection and processing at the edge and a new agent management hub called Edge Flow Manager with a code-free drag and drop development environment.

Cloudera Flow Management is a no-code data ingestion and management solution that will come with an intuitive user interface, more than 300 processors, and Apache NiFi registry to deliver highly-scalable data movement, transformation, and management capabilities to the enterprise. It is expected to reduce data integration time by allowing petabytes of data to be moved quickly between data centers or from on-premises to the cloud.

Cloudera has been actively following its platform strategy to drive growth. Its Altus offering, launched in May 2017, is a PaaS offering that enables users to analyze and process data at scale in public cloud infrastructures and was designed to support multiple clouds from the perspective of both back-end architecture and front-end workflows. The Altus cloud services provide a multi-cloud PaaS solution that automates massive-scale data engineering and data warehouse workloads in the public cloud. It gives the end users complete control over which cloud resources Altus clusters can use without giving access to data in their cloud account. Today, Cloudera has more than 3,000 partners that offer solutions for services spanning customer analytics, security and compliance, IoT products, and architecture modernization. I would like to know from Cloudera what use cases does it see gain the most traction?

Despite its product and platform upgrades, the market is still skeptical about Cloudera. Its stock is trading at $11.66 with a market capitalization of $3.1 billion. It touched a 52-week high of $20.18 in September last year. Like other technology stocks, its stock too had fallen to a 52-week low of $10.07 in December last year due to market turbulence. The stock recovered after December, but it has fallen post the result announcement.

Photo Credit: techmsg/Flickr.com

This segment is a part in the series : Cloud Stocks


. Smartsheet Acquiring Bootstrapped Startups to Drive Growth
. Bootstrapped Unicorn Atlassian is Acquiring Capital Efficient Startups
. Netflix Price Hike Ruffles Competition
. How Will Carbon Black Differentiate?
. ServiceNow Grows Through Addition of Capital-Efficient Startups
. Zendesk and Freshworks Follow Different Acquisition Strategies
. Tableau Grows Through Small Acquisitions
. Open Platform Strategy Stands Intuit in Good Stead
. Will GoDaddy Follow the PaaS Route?
. Adobe Delivers Via PaaS
. A Look at Oracle’s 2018 M&A Activity
. What Apps Will Drive More Traction for Cloudera?
. Slack's App Focus Will Be Key to Post-IPO Success
. IBM Counts on its Cloud and Platform for the Turnaround
. Atlassian Acquires From its PaaS Marketplace
. What Should SAP Acquire to Triple its Value by 2023?
. Expect ServiceNow to Acquire From App Marketplace
. Should Alarm.com Follow a PaaS Strategy?
. How Upwork Can Leverage the Virtual Company Trend
. Qualys Scouting For Acquisitions
. Should SAP Acquire Zendesk or Freshworks?
. HubSpot Counts on its API Strategy
. SurveyMonkey Eyes Acquisitions for Growth
. Workday Wants to Disrupt Cloud Computing Using Machine Learning
. Einstein and Open-Source Platform Lead the Charge for Salesforce
. DocuSign Prepares to Beat Rival Adobe
. Veeva Soars, But Dassault Acquires Medidata for $5.8 Billion
. Tableau Acquisition Signals Massive Analytics Push for Salesforce
. Oracle Joins Hands with Microsoft to Take on Amazon
. GoDaddy is Making Strategic Acquisitions for the Next Level of Growth
. Alteryx Sees Strong Momentum
. Adobe Leveraging Magento and Marketo to Deliver Blockbuster Performance
. Is Slack Overvalued?
. How Will Cloudera Address the Competition?
. Zoom is Not Bothered by Cisco or Microsoft
. Domo Counts on Enterprise Revenue for Growth
. Netflix Plays with Pricing and Games to Attract Subscribers
. CrowdStrike Has a Successful IPO
. Atlassian Crosses the Billion Dollar Revenue Milestone
. ServiceNow Believes Strength Lies in Tie-ups
. Partnerships are the Mantra for BlackLine
. SurveyMonkey Counts on Enterprise Segment for Growth
. HubSpot Soars to a New High
. Intuit Pushes AI to Simplify Tax Filing
. Splunk Sees Strong Cloud Momentum
. Forescout Partners with Big Names
. Smartsheet Tapping into the Government Sector
. Salesforce Continues its Shopping Spree
. Palo Alto Networks Targets the IoT Security Market
. DocuSign Focuses on the Mortgage Sector
. Oracle Brags About Autonomous Database
. Blackbaud Acquires YourCause to Grow Addressable Market
. The Market Expects a Lot More from Adobe
. Anaplan Makes its First Acquisition Post IPO
. Activist Investor Drives Market Interest in Box
. MongoDB's Formula for Success
. Coupa Aims for $1B Revenue
. Dropbox on a Rocky Road
. Medallia Banks on Acquisitions
. IBM Banks on AI
. Time For Skepticism with Netflix
. SAP Riding High on the Cloud
. Amazon's Faster Shipping Hurting its Earnings
. ServiceNow CEO Change Signals Focus on Acquisitions
. Will Google Acquire Fitbit?
. HubSpot Focuses on Its Platform
. BlackLine Partners with Google Cloud
. Rapid7’s Focus on Cloud SIEM Pays Off
. Splunk Bets Big on Data Streaming
. Intuit's QBO Scores Big
. VMware Builds Up With Acquisitions
. Palo Alto Targets $5B Revenue by 2022
. Workday Targeting Procure-to-Pay Cycle
. Will Salesforce Acquire DocuSign?
. Okta Targets Enterprise Customers
. MongoDB Eyeing China With Alibaba Partnership
. Twilio Counts on API Upgrades for Growth
. Adobe Revs up its Experience Platform
. Top 20 for 2020
. Anaplan Sees Expanding Use Cases
. Dropbox Gears Up to Regain Lost Valuation
. Forescout Fails to Deliver
. Enterprise Bet Pays Off for SurveyMonkey
. SAP Bets Big on Experience Management
. Twilio Steps up Investment in 2020 to Preserve Growth Momentum
. Zendesk, Freshworks Focus on Marketplaces and Integrations
. Proofpoint Targets Insider Threats Through Acquisition
. RingCentral's Powerful Partner Strategy Would Augment with PaaS
. Qualys Counts on Google and Microsoft for Growth
. Shopify Soars on Improved Merchant Offerings
. HubSpot Believes in the Importance of PaaS
. BlackLine Remains Focused on SAP Integration
. Recently Public Cloudflare has New Edge
. GoDaddy is on a Shopping Spree
. Intuit Targets Online User Base Through Acquisition
. Should Palo Alto Networks Acquire ZScaler?
. Why Salesforce Buying Vlocity Proves the Growing Importance of PaaS
. Datadog Performing Well Post Recent IPO
. Workday Should Open Up About its PaaS Success
. Anaplan Focuses on API Connectors for its Platform
. Veeva
. Five9 Strengthens its PaaS Focus
. RealPage Brings AI and SaaS to Real Estate
. Splunk Should Open up About its PaaS Metrics
. Okta Benefiting from App Diversity
. Oracle Sees Growth Momentum
. Xero Focuses on a PaaS Strategy
. DocuSign Resilient to COVID-19
. Smartsheet Looking up to Enterprise Customers for Growth
. Paylocity Delivers Solid Results
. Q2 Holdings Expands TAM with Acquisitions
. New Relic Focuses on PaaS
. AppFolio Leverages AI for Product Enhancement
. Will Adobe Open Up About its PaaS Statistics?
. Change Healthcare Pushes APIs
. Dropbox Needs to Share API Metrics
. Upwork Improves Monetization
. MongoDB has Miles to go
. Nutanix Needs to Define a PaaS Strategy
. Cloudera Focuses on Hybrid Cloud
. Atlassian Gears Up for Growth, Unfazed by Covid-19
. Shopify Helps Merchants Pivot to Online Stores
. ServiceNow Steady in Turbulent Seas
. RingCentral Sees Strong Traction
. Twilio Hits 52-Week High Amidst COVID Crisis
. HubSpot Lowers Outlook Amidst Virus Concerns
. Proofpoint Acquiring Even Amidst Crisis
. BlackLine Looks Solid At The Face of Covid-19
. GoDaddy Continues to Acquire
. Qualys Expands Cloud Offerings to Soar to New Highs
. Zendesk Struggling Amidst the Downturn
. Alteryx Bounces Back Despite Low Outlook
. Palo Alto Networks Continues to Acquire
. Workday Extends its PaaS Strategy
. Splunk Rides High on Cloud Initiatives
. Salesforce Partners with Workday to Address the New Normal
. Veeva Scales New Highs
. Is Smartsheet’s Pullback a Buying Opportunity?
. MongoDB Soars Even in the Crisis
. Okta Reiterates Outlook
. Is Anaplan a Prospect for Oracle, SAP?
. Oracle Relies on Autonomous Offerings
. Adobe Shifts its Focus
. Paycom Confident Under Current Conditions
. DocuSign Soars to Record Highs
. Paylocity Acquires Amid Crisis
. Datadog's Integrations and Upgrades Help it Soar
. AppFolio Improves Offerings for Current Conditions
. SurveyMonkey Should Get Into PaaS
. Model N Soars to a Record High
. Appian Focuses on RPA for Growth
. Slack Beefs up its Portfolio
. Coupa Expands into Treasury Services
. CrowdStrike Soars to Record Highs
. Guidewire Expands Cloud Offerings
. Dropbox Should Focus on PaaS
. Talend Expands Data Offering Through Partners
. IBM Expands Cloud Partners
. One Medical Supports COVID-19 Care Digitally
. Microsoft Rides High on Teams and Gaming
. Investors Say Yes to nCino’s IPO
. Nutanix Focuses on Government and Media Verticals
. SAP Rethinks Qualtrics Acquisition
. Tenable Expands Into Industrial Cyber-Security
. ServiceNow Expands Ties with Zoom
. Cloudera Powers its Data Platform with Partnerships
. Atlassian Continues to Acquire from PaaS Ecosystem
. Shopify Soars to an All-Time High
. The PaaS Landscape
. HubSpot Focuses on the Enterprise Segment
. GoDaddy Restructures During COVID

Hacker News
() Comments

Featured Videos