Cloudera (CLDR.US) – reported quarterly profit of 10 cents per share, 4 cents a share above analysts' expectations. Revenue also beat market forecasts. Subscription revenue was up 17% to $191.5M. Also the cloud data company provided better-than-expected current-quarter and full-year outlook. However company’s stock failed to capitalize on this data and fell over 10% as US markets are in risk-off mode. Tech shares in general are among the worst performers during today's session.
Cloudera (CLDR.US) - stock launched today's session with a bearish price gap and downward move is being continued during the afternoon trading. Currently price is testing the 50-hour moving average (green line). Should downbeat moods prevail, support at $11.00 may come into play. Source: xStation5
