Machine learning and analytics platform provider Cloudera (CLDR) - Get Cloudera, Inc. Report was falling more than 14% in trading Thursday after the company provided future guidance that failed to meet Wall Street expectations.
The Palo Alto-based company expects to lose between 25 cents and 36 cents per share in the first quarter, a wider loss than the 19 cents FactSet predicts the company will lose.
For the just concluded fourth quarter, the company lost 15 cents per share on revenue of $144.5 million. Analysts were expecting the company to report a loss of 11 cents per share on revenue of $120.9 million.
This was Cloudera's first earnings release since its $5.2 billion merger with smaller rival Hortonworks became official in January.
"Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers," Cloudera CEO Tom Reilly said. "Enterprises want an enterprise data cloud, which offers the flexibility of both hybrid and multi-cloud delivery, as well as the versatility of multi-function analytics, all with common security and governance... we believe Cloudera is uniquely positioned to deliver these capabilities."
The company said that Hortonworks contributed $15 million to its sales number in the quarter.
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