Skip to main content

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. 

TheStreet Recommends

"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. 

A Special Invitation:Do you want to learn more about planning for and living retirement from the nation's top experts, including Ed Slott and Robert Powell, the editor of TheStreet's Retirement Daily? Want to learn how to create tax-efficient income in retirement and how to manage and mitigate all the risks you'll face in retirement? Then sign up to attend TheStreet's Retirement Strategies Symposium on April 6 in New York City. For a limited time, you can attend this extraordinary symposium for $149 - a cost savings of $50 off the general admission price of $199.

You can see the full day's agenda, learn about the guest speakers and sign up HERE for this special event.