Is cloudera a good stock to invest?

Is cloudera a good stock to invest?

In the previous 165 days, CLDR’s average upside potential calculated by analyst estimates has been an impressive 26.7%. Which is the Better Buy? CLDR is the better of these two software stocks. CLDR’s top-10 ranking in its industry combined with its Buy rating in the POWR Ratings make it a strong software stock.

Will cloudera be acquired?

8, 2021 /PRNewswire/ — Cloudera, the enterprise data cloud company, today announced the successful completion of its previously announced 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.

Is Hortonworks now Cloudera?

Cloudera and Hortonworks, two of the biggest players in the Hadoop big data space, today announced that they have finalized their all-stock merger. The new company will use the Cloudera brand and will continue to trade under the CLDR symbol on the New York Stock Exchange.

Is cloudera a growth stock?

Cloudera went public in 2017 at $15 per share with big ambitions: The company pegged its total addressable market at $65.6 billion by 2020. Cloudera was growing sales quickly, with revenue shooting up 60% to $261 million in 2017. Cloudera has successfully grown over the years, reporting revenue of $869 million in 2020.

Is Cloudera dead?

With a little bit of exaggeration, the company is still surviving because the cloud giants are letting it live (as they have not dominated the on-premise territory yet). On the other hand, Oracle may end up buying Cloudera/Hortonworks to up its cloud game.

What’s going on with Cloudera?

What happens to Cloudera stock after the buyout? Cloudera is valued at $5.3 billion in the all-cash transaction. However, the transaction is subject to shareholder approval. That shouldn’t be a problem since activist investor Carl Icahn, who holds an 18 percent stake in the company, supports the transaction.

What happened to cloudera shares?

Cloudera common stock has ceased trading and is no longer listed on the New York Stock Exchange. Cloudera will continue to be led by CEO Rob Bearden.

Is cloudera going private?

Cloudera Inc.’s roughly $5.3 billion deal to go private and join the booming private-equity world just got a boost from the debt market. Under terms of the deal struck in June, Cloudera stockholders will receive $16 a share in cash, or a 24% premium to the closing price of the stock on May 28, 2021.

Is Hdfs dead?

Hadoop is not dead, yet other technologies, like Kubernetes and serverless computing, offer much more flexible and efficient options. So, like any technology, it’s up to you to identify and utilize the correct technology stack for your needs.

Why is Cloudera stock dropping?

Shares of Cloudera (NYSE:CLDR) dropped sharply this morning after the company reported its fourth-quarter and fiscal year 2021 results. Despite a strong fourth quarter, investors were upset with the tech stock’s guidance for the current fiscal year.

Is Hdfs dying?

How many common shares of Cloudera did Hortonworks stockholders receive?

Hortonworks stockholders received 1.305 common shares of Cloudera for each share of Hortonworks stock owned. Cloudera executives will host a virtual event on January 10, 2019 at 10:00 a.m. PT / 1:00 p.m. ET to discuss how the new Cloudera is poised to accelerate innovation and deliver the industry’s first enterprise data cloud.

What is the new stock symbol for Cloudera?

Cloudera will continue to trade on the New York Stock Exchange under the symbol “CLDR.” Hortonworks stockholders received 1.305 common shares of Cloudera for each share of Hortonworks stock owned.

What happened to Cloudera?

PALO ALTO, Calif., January 3, 2019 — Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, today announced completion of its merger with Hortonworks, Inc. Cloudera will deliver the first enterprise data cloud – unlocking the power of any data, running in any cloud from the Edge to AI, on a 100% open-source data platform.

What is the value of hithortonworks stock?

Hortonworks stock was halted just prior to the announcement and jumped as much as 29 percent when it resumed trading in extended hours. Both stocks opened 15 percent higher on Thursday. The combined equity value of the two companies is $5.2 billion based on the closing prices of their stocks on Tuesday, according to a statement.