-=Cloudera (CLDR) to be acquired by Clayton, Dubilier & Rice and KKR for $16.00 per share

Cloudera to be acquired by Clayton, Dubilier & Rice and KKR for $5.3 bln ($16.00 in cash per share)

The co entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R") and KKR in an all cash transaction valued at approximately $5.3 billion. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021.

The Board of Directors of Cloudera (the "Board") has unanimously approved the transaction and recommends that the Cloudera shareholders approve the transaction and adopt the merger agreement. Entities related to Icahn Group, collectively holding approximately 18% of the outstanding shares of Cloudera common stock, have entered into a voting agreement pursuant to which they have agreed, among other things, to vote their shares of Cloudera common stock in favor of the transaction. The transaction delivers substantial value to Cloudera shareholders, who will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 and a 30% premium to the 30-day volume weighted average share price.

Closing of the deal is subject to customary closing conditions, including the approval of Cloudera shareholders and antitrust approval. The agreement includes a 30-day "go-shop" period expiring on [July 1], 2021, which allows the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties -- with an additional 10 days to negotiate a definitive agreement with qualifying parties. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement.

=Cloudera (CLDR) reported earnings on Thur 3 Dec 20 (a/h)

 

 Cloudera beats by $0.06, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY21 EPS above consensus, revs above consensus

Reports Q3 (Oct) earnings of $0.15 per share, $0.06 better than the S&P Capital IQ Consensus of $0.09; revenues rose 9.9% year/year to $217.9 mln vs the $208.96 mln S&P Capital IQ Consensus.

Annualized Recurring Revenue at the conclusion of the third quarter of fiscal 2021 was $756 million, representing 12% year-over-year growth.

Co issues guidance for Q4, sees EPS of $0.10-$0.12 vs. $0.10 S&P Capital IQ Consensus; sees Q4 revs of $219-$222 mln vs. $215.21 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY21, sees EPS of $0.40-$0.42 vs. $0.34 S&P Capital IQ Consensus; sees FY21 revs of $862-$865 mln vs. $850.17 mln S&P Capital IQ Consensus.

=Cloudera (CLDR) reported earnings on Wed 5 June 19 (a/h)

Cloudera beats by $0.10, reports revs in-line; guides Q2 EPS in-line, revs below consensus; guides FY20 EPS in-line, revs below consensus; CEO retires

• Reports Q1 (Apr) loss of $0.13 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of ($0.23); revenues rose 81.2% year/year to $187.5 mln vs the $188.44 mln S&P Capital IQ Consensus.
• Co issues guidance for Q2, sees EPS of ($0.11)-(0.08), excluding non-recurring items, vs. ($0.09) S&P Capital IQ Consensus; sees Q2 revs of $180-183 mln vs. $203.02 mln S&P Capital IQ Consensus.
• Co issues guidance for FY20, sees EPS of ($0.38)-(0.32), excluding non-recurring items, vs. ($0.35) S&P Capital IQ Consensus; sees FY20 revs of $745-765 mln vs. $843.77 mln S&P Capital IQ Consensus.

In other news, co announced that Tom Reilly will retire as Chief Executive Officer and as a member of the Board of Directors, effective July 31, 2019. The Board has appointed Martin Cole, Chairman of the Board, as interim Chief Executive Officer, effective at the end of Mr. Reilly's transition.

Mr. Cole will work with Mr. Reilly in the meantime to help ensure a smooth transition and to lead the Company's executive team while the Board conducts a search for a permanent CEO.

Earnings this week : June 3 - 7, 19 (wk 23)

Monday (June 3)

• Afternoon: BOX CAL COUP GSM

Tuesday (June 4)

• Morning: CBRL CMD DCI LE NAV TIF
• Afternoon: AMBA CRM GME GWRE HQY NX PVTL

Wednesday (June 5)

• Morning: AEO BF.B CPB GIII SCWX VRA
• Afternoon: ABM CLDR ESTC FIVE GEF MDB REVG SMAR SFIX UNFI

Thursday (June 6)

• Morning: CIEN HOME KIRK MIK SAIC SIG SJM
• Afternoon: BYND DOCU DOMO GES OLLI PD PRSP MTN ZM ZUMZ

Friday (June 7) 
None

• Monday: May ISM Manufacturing Index (prior 52.8) and April Construction Spending (prior -0.9%) at 10:00 ET
• Tuesday: April Factory Orders (prior 1.9%) at 10:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior -3.3%) at 7:00 ET; May ADP Employment Change (prior 275,000) at 8:15 ET; May ISM Non-Manufacturing Index (prior 55.5) at 10:00 ET; weekly crude oil inventories (prior -300,000) at 10:30 ET; and Fed's June Beige Book at 14:00 ET
• Thursday: Weekly Initial Claims (prior 215,000), Continuing Claims (prior 1.657 mln), April Trade Balance (prior -$50.00 bln), Q1 Revised Productivity (prior 3.6%) and Q1 Revised Unit Labor Costs (prior -0.9%) at 8:30 ET; and weekly natural gas inventories (prior +114 bcf) at 10:30 ET
• Friday: May Nonfarm Payrolls (prior 263,000), Nonfarm Private Payrolls (prior 236,000), Average Hourly Earnings (prior 0.2%), Unemployment Rate (prior 3.6%), and Average Workweek (prior 34.4) at 8:30 ET; April Wholesale Inventories (prior -0.1%) at 10:00 ET; and April Consumer Credit (prior $10.30 bln) at 15:00 ET

=Cloudera (CLDR) reported earnings on Wed 13 March 19 (a/h)

Cloudera misses by $0.08, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY20 EPS below consensus, revs below consensus

• Reports Q4 (Jan) loss of $0.15 per share, $0.08 worse than the S&P Capital IQ Consensus of ($0.07); revenues rose 39.6% year/year to $144.5 mln vs the $209.29 mln S&P Capital IQ Consensus.
• Note: In its Q3 earnings report, it issued revenue guidance of $119-$122 mln. But, this didn't include any contribution from the Hortonworks acquisition, which closed back on Jan. 3.
• Adjusted annualized recurring revenue was $680.6 million, representing 24% year-over-year growth.
• Customers with annual recurring revenue greater than $100,000 were 976, up more than 85 in the period from October 3 (merger announcement) to January 31, 2019.
• Completed merger with Hortonworks on Jan. 3.
• Co issues downside guidance for Q1, sees EPS of ($0.25)-($0.22) vs. ($0.04) S&P Capital IQ Consensus; sees Q1 revs of $187-$190 mln vs. $219.01 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY20, sees EPS of ($0.36)-($0.32) vs. $0.10 S&P Capital IQ Consensus; sees FY20 revs of $835-$855 mln vs. $942.19 mln S&P Capital IQ Consensus.
• Commentary: "Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers. 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. As the open source data management and analytics standard, we believe Cloudera is uniquely positioned to deliver these capabilities at the data layer, bring the enterprise data cloud to our more than 2,000 customers and lead this new market."

Earnings this week : March 11 - 15, 2019 (wk 11)

Earnings confirmed for this week

Monday (March 11)

• Morning: None
• Afternoon: ADT COUP KRO OXFD  PETQ SFIX

Tuesday (March 12)

• Morning: DKS IPI KEYW MOMO NOG 
• Afternoon: APEI CLNE COHU EVRI GH QHC NTRA  SENS SNCR SWCH  TEUM ZAGG ZTO  

Wednesday (March 13)

• Morning: DQ EXPR  LXRX  SGRY VRA
• Afternoon: APYX CLDR DOMO FSM GDS KINS MDB NNBR SFS SMTC TLRD

Thursday (March 14)

• Morning: BIOS CNNE DG ERJ GCO HUD INAP LX PPDF RDNT SND TEN UXIN
• Afternoon:  ADBE ASNA AVGO AVID DOCU HEAR HTHT JBL MRAM NDLS ORCL PVTL TERP TLYS TRQ TUSK ULTA VRAY WSC ZUMZ

Friday (March 15)

• Morning: BIOS BKE CTRN DPLO KIRK MDCA

Hortonworks (HDP) to be acquired by peer Cloudera (CLDR)

• CLDR is acquiring HDP for 1.305 shares of CLDR
• Hortonworks is a data software company based in Santa Clara, California that develops, supports, and provides expertise on a set of open source software designed to manage data and processing for things such as IOT, single view of X, and advanced analytics and machine learning.  Founded: 2011; Headquarters: Santa Clara, CA

  

** monthly charts **

Hortonworks and Cloudera (CLDR) will combine in an all-stock merger; HDP shareholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned 

• Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%.
• Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned.
• The companies expect to complete the transaction during the first quarter of calendar year 2019.

** charts before  **

 

 

=Cloudera (CLDR) reported earnings on Wed 5 Sept 2018 (a/h)

Cloudera beats by $0.07, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY19 EPS above consensus, revs in-line 

• Reports Q2 (Jul) loss of $0.08 per share, $0.07 better than the S&P Capital IQ Consensus of ($0.15); revenues rose 22.8% year/year to $110.3 mln vs the $107.68 mln S&P Capital IQ Consensus.
• Non-GAAP subscription gross margin for the quarter was 87%, up from 85% in 2Q18.
• Customers with annual recurring revenue greater than $100,000 were 568, up 30 for the quarter.
• Dollar-based net expansion rate was 128% for the quarter.
• Co issues upside guidancefor Q3, sees EPS of ($0.12)-($0.10) vs. ($0.14) S&P Capital IQ Consensus; sees Q3 revs of $113-$114 mln vs. $111.79 mln S&P Capital IQ Consensus.
• Co issues guidancefor FY19, sees EPS of ($0.53)-($0.50) vs. ($0.59) S&P Capital IQ Consensus; sees FY19 revs of $440-$450 mln vs. $441.69 mln S&P Capital IQ Consensus.

Earnings this week : Sept 3 - 7, 18 (wk 36)

Earnings expected this  week

Markets are closed on Monday, September 3 for Labor Day

Tuesday (Sept 4)

• Morning: CONN
• Afternoon: CAL COUP HQY RH SMAR WDAY

Wednesday (Sept 5)

• Morning: DLTH HDS SCWX VRA
• Afternoon: AVAV CLDR CTRP CWK DOCU DSGX GWRE MDB OLLI REVG TENB VRNT ZS 

Thursday (Sept 6)

• Morning: BKS DCI DVMT   GIII JW.A LE MBUU NAV SECO
• Afternoon: ABM AVGO DOMO EGAN FIVE FNSR GME KFY MCFT MRVL NX OKTA PANW PSDO ZUMZ

Friday (Sept 7)

• Morning: GCO

-=Cloudera (CLDR) reported earnings on Wed 6 June 2018 (a/h)

Cloudera beats by $0.01, beats on revs; guides Q2 in-line; reaffirms FY19 EPS guidance, revs guidance 

• Reports Q1 (Apr) loss of $0.17 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.18); revenues rose 29.0% year/year to $102.7 mln vs the $101.52 mln Capital IQ Consensus. 
• Subscription revenue was up 33% year-over-year to $85.9 million vs. $85-86 mln guidance. Dollar-based net expansion rate was 132% for the quarter
• Co issues in-line guidancefor Q2, sees EPS of ($0.13)-(0.15), excluding non-recurring items, vs. ($0.15) Capital IQ Consensus Estimate; sees Q2 revs of $107-108 mln vs. $107.16 mln Capital IQ Consensus Estimate.
• Coreaffirms guidancefor FY19, sees EPS of ($0.62-0.59), excluding non-recurring items, vs. ($0.59) Capital IQ Consensus Estimate; sees FY19 revs of $435-445 mln vs. $440.77 mln Capital IQ Consensus Estimate.

-=Cloudera (CLDR) reported earnings on Tue 3 Apr 2018 (a/h)

Cloudera beats by $0.13, beats on revs; guides Q1 EPS in-line, revs below consensus; guides FY19 EPS in-line, revs below consensus 

• Reports Q4 (Jan) loss of $0.10 per share, $0.13 better than the Capital IQ Consensus of ($0.23); revenues rose 42.2% year/year to $103.5 mln vs the $98.63 mln Capital IQ Consensus. Subscription revenue was $84.3 million, an increase of 50% from the year-ago period.
• Co issues guidance for Q1, sees EPS of ($0.19-0.17) vs. ($0.18) Capital IQ Consensus Estimate; sees Q1 revs of $101-102 mln vs. $102.32 mln Capital IQ Consensus Estimate; sub rev +32% to $85-86 mln
• Co issues guidance for FY19, sees EPS of ($0.62-0.59), excluding non-recurring items, vs. ($0.60) Capital IQ Consensus Estimate; sees FY19 revs of $435-445 mln vs. $460.22 mln Capital IQ Consensus; sub rev +24% to $370-375 mln.

=Cloudera (CLDR) reported earnings on Thur 7 Sept 2017 (a/h)

• Young software vendor Cloudera, which makes money supporting and extending the "Hadoop" open-source data analysis program, beat quarterly expectations, forecast this quarter higher as well, and raised its year outlook.

Shares of Cloudera (CLDR), the startup that sells a distribution of the “Hadoop” data analysis tool, and that went public in late April, were higher by 98 cents, or almost 5%, at $22.39, in late trading, after the company this afternoon reported fiscal Q2 revenue that topped analysts’ expectations, and easily beat on the bottom line, beat with this quarter’s outlook, and raised its forecast for the full year.

Revenue in the three months ended in July rose 39%, year over year, to $89.8 million, yielding EPS of 17c cents, excluding some costs.

Analysts had been modeling $85.6 million in revenue and a 25-cent loss per share.

For the current quarter, the company is projecting revenue of $90 million to $92 million, and a non-GAAP net loss of 23 cents to 25 cents. That compares to consensus for $88.3 million and a 27-cent loss per share.

For the full year, the company sees revenue in a range of $355 million to $360 million, and a net loss of 93 cents to 95 cents, That is up from the company’s prior forecast for $345 million to $350 million, and negative $1.04 to $1.07 per share. it’s also better than consensus for $348 million and negative $1.05 per share.

CEO Tom Reilly noted the company’s “outperformance on sales, customer acquisition, customer expansion and cash flow objectives.

He said the company "exhibited strong momentum in the areas that drive sustained growth for Cloudera: machine learning, analytics and the cloud."

"Also, we are especially pleased to have strengthened our market position through the acquisition of a recognized leader in machine learning applied research, development and solutions, Fast Forward Labs."

=Cloudera (CLDR) reported earnings on Thue 8 June 2017 (a/h)

Cloudera (CLDR), the data software company,  reported its quarterly earnings results.

Cloudera bled $5.78 per share in its fiscal first quarter — almost twice as wide as earnings estimates for a $2.45 loss. However, the adjusted figure of 27 cents did beat analysts’ expectations for 36 cents per share.

Revenues were a bit more encouraging. The top line grew 41% year-over-year to $79.6 million, topping analyst expectations of $75.8 billion. That was fueled by 59% growth in Q1 subscription revenues.

For the full year, Cloudera sees adjusted earnings coming in at -$1.07 to -$1.04, with a midpoint slightly better than analysts’ calls for $1.07 per share. And revenues between $345 million and $350 million are better than the consensus mark of $338.1 million.

All in all, it was a fairly disappointing first effort for the company, which went public in May.