Stock Alert: Cloudera Shares Up 8% On Upbeat Q4, FY21 Outlook

Shares of Cloudera Inc. (CLDR) are rising over 8% Friday morning, following the company’s upbeat Q4, FY21 guidance, and improved Q3 results. The stock has been trading in the range of $4.76 – $14.20 for the past one year, and is currently trading at $12.52, up 94 cents or 8.12%.

Q4, FY21 Guidance

The company projects Q4 non-GAAP earnings in the range of $0.10 – $0.12 per share on revenue of $219 million – $222 million, with Subscription revenue in the range of $199 million – $202 million. Wall Street analysts estimate earnings of $0.10 per share on revenue of $215.69 million for the quarter.

For fiscal 2021, the company sees non-GAAP earnings in the range of $0.40 – $0.42 per share, and total revenue in the range of $862 million – $865 million, with Subscription revenue of $775 million – $778 million. Analysts expect earnings of $0.33 per share and revenue of $849.8 million for fiscal 2021.

Q3 Results

The company’s Q3 net loss narrowed to $13.9 million or $0.04 per share from a loss of $82.1 million or $0.29 per share last year. Non-GAAP net income was $47.7 million or $0.15 per share compared to a loss of $7.88 million or $0.03 per share incurred a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter. Analysts’ estimate typically exclude certain special items.

Total revenue for the quarter rose 10% $217.9 million from $198.3 million last year. Subscription revenue was $197.4 million, an increase of 18% as compared to the third quarter of fiscal 2020.

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