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Monday, September 20, 2021

Why Cloudera, Inc. (CLDR) stock decline after rising in normal trading hours?

Cloudera, Inc. (NASDAQ: CLDR) show a decline in its stock in after-hours, whereas the stocks were rising in normal trading. This rise and fall in stock are because the company has announced its fourth quarter and fiscal year 2021 financial results that have ended on 31 January 2021. Cloudera is a software company that gives a software platform for several purposes such as data engineering, data warehousing, machine learning and analytics that runs in the cloud or on premises.


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Fourth Quarter Fiscal 2021 Results:

  • The revenue recorded for Q4 of fiscal year 2021 has increased for about 7% as compared to Q4 of fiscal year 2020 i-e $226.6 million. And the subscription revenue was $206.8 million which is an increase of 14%.
  • GAAP loss by operations was $51.6 million that includes impairment charges of $35.8 million which was previously recorded as $64.4 million for Q4 of 2020.
  • Whereas, the GAAP net loss per share is calculated as $0.18, compared to $0.22 per share for Q4 of fiscal 2020.
  • Non-GAAP income from operations was $50.5 million for Q4 of 2021 as compared to $11.0 million for the fourth quarter of fiscal 2020.
  • The company has recorded, Non-GAAP diluted net income per share as $0.15 compared to $0.04 per share for fourth quarter of fiscal 2020.
  • The operating cash flow of the company for fourth quarter of fiscal 2021 was $36.7 million, which was previously recorded as negative $9.4 million in Q4 of fiscal 2020.

Fiscal Year 2021 Results

  • The fiscal year 2021 has generated a revenue of $869.3million and subscription revenue was $782.8 million, which is an increase of 9% and 17% respectively.
  • GAAP loss from operations was $156.3 million compared to $339.8 million for fiscal year 2020. Whereas the GAAP net loss per share was $0.54 which was $1.20 per share in fiscal year 2020 results.
  • Cloudera has gained a Non-GAAP income of $146.8 million form operations, compared to non GAAP loss from operations of $39.4 million for fiscal 2020.
  • The operating cash flow for fiscal 2021 was $155.8 million, compared to negative $36.8 million for a year ago.
  • Non-GAAP diluted net income per share was $0.45, compared to a non-GAAP net loss per share of $0.13 for fiscal year 2020

Conclusion

It is typical that markets decline after rising in price for a while, as many investors cash out their positions, despite the company’s strong results for the fiscal year 2021. For future investments, the investors are supposed to be more vigilant.

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