Thread regarding Cloudera layoffs

Is Cloudera on the right track or not?

A few months ago Cloudera had a stock price above $19 and was about to report another earnings beat (6th straight). CEO Bearden was upbeat about the qtr and company moves then undercut the company by projecting 3% growth. Now the share price is under $12 and falling as the markets have posted record highs. So is Cloudera really the $19 company heading in the right direction or the $11 company in desperate need of new leadership? Note that the current share price sit below the both the IPO and merger (Hortonworks) price resulting in a negative return over 4+ years.

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Post ID: @OP+1aPpu7iG

4 replies (most recent on top)

There is no escaping the hadoop baggage that both companies carried with them into the merger.

The time to simplify and trim fat was well over a year ago. As they shed customers, the roadmap is unclear and unconvincing to customers.

Now the "new" leadership is finding lifeboats as the ship heads under the waves. MapR already went through this night mare.

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Post ID: @1duwq+1aPpu7iG

Well the answer is in. Not even Cloudera's management thought the company was worth $19. They settled for what looks to be $17 per share buyout. So No Cloudera was not on the right track and the CEO/management needed to be replaced as evidence of the buyout agreement. If Cloudera was on the right track then they would not have settled for less than the $19 price the shares saw in February 2021....just the facts.

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Post ID: @jkyg+1aPpu7iG

I work at Cloudera and we have been slowly transitioning our internal operations costs to outsourcing to minimize company expenditures. Also, this year we have made the effort to market CDP on a more broad level as our leadership has changed recently (Mick Hollison to President).

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Post ID: @frev+1aPpu7iG

Seems like a fair question. After 300+ views with no comments, it looks as though no one wants to stand up for the company therefore the answer probably isn't what the poster wanted to hear.

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Post ID: @bfja+1aPpu7iG

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