Cloudera (CLDR) 1st quarter 2022 earnings report review
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Category: Cloudera (CLDR)
Date: 3 June 2021 Stock price of Cloudera (CLDR): $15.82 Market Capital of Cloudera: $4.65 billion We take a look at the 1st quarter 2022 earnings report of Cloudera, an enterprise data cloud provider. For the quarter the group reported revenue of $224.3 million and they reported a loss of -$33.8 million
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Our strong fiscal first quarter results reflect continued CDP momentum and customer enthusiasm for our market leading hybrid multi-cloud solution-set - Rob Bearden, chief executive officer of Cloudera "
More About Cloudera (CLDR)
At Cloudera, we believe that data can make what is impossible today, possible tomorrow. We empower people to transform complex data into clear and actionable insights. Cloudera delivers an enterprise data cloud for any data, anywhere, from the Edge to AI. Powered by the relentless innovation of the open source community, Cloudera advances digital transformation for the world's largest enterprises
Overview of Cloudera 1st quarter 2022 earnings report
First Quarter Fiscal 2022
- Results GAAP loss from operations for the first quarter of fiscal 2022 was $33.8 million, compared to $55.8 million for the first quarter of fiscal 2021
- Non-GAAP income from operations for the first quarter of fiscal 2022 was $42.5 million, compared to $17.3 million for the first quarter of fiscal 2021
- Operating cash flow for the first quarter of fiscal 2022 was $162.2 million, compared to $68.4 million for the first quarter of fiscal 2021
- GAAP net loss per share for the first quarter of fiscal 2022 was $0.14, compared to $0.20 for the first quarter of fiscal 2021
- Non-GAAP net income per share for the first quarter of fiscal 2022 was $0.12, compared to $0.05 for the first 1 quarter of fiscal 2021
Cloudera management commentary on their 1st quarter 2022 earnings report
SANTA CLARA, Calif., June 1, 2021 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its rst quarter of scal 2022, ending April 30, 2021. Total revenue for the rst quarter was $224.3 million, an increase of 7% as compared to the rst quarter of scal 2021. Subscription revenue was $200.7 million, an increase of 7% as compared to the rst quarter of scal 2021. Annualized Recurring Revenue grew 12% year-over-year.
"Our strong fiscal first quarter results reflect continued CDP momentum and customer enthusiasm for our market leading hybrid multi-cloud solution-set," said Rob Bearden, chief executive officer of Cloudera. "We are also pleased to announce our transaction with CD&R and KKR. This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera's long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle - from the Edge to AI. We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and exibility to drive product-led growth and expand our addressable market opportunity."
"Our strong fiscal first quarter results reflect continued CDP momentum and customer enthusiasm for our market leading hybrid multi-cloud solution-set," said Rob Bearden, chief executive officer of Cloudera. "We are also pleased to announce our transaction with CD&R and KKR. This transaction provides substantial and certain value to our shareholders while also accelerating Cloudera's long-term path to hybrid cloud leadership for analytics that span the complete data lifecycle - from the Edge to AI. We believe that as a private company with the expertise and support of experienced investors such as CD&R and KKR, Cloudera will have the resources and exibility to drive product-led growth and expand our addressable market opportunity."
Cloudera stock price chart over the last 5 years
The image below shows the stock price history of Cloudera (CLDR) over the last 5 years. And its not been a good time for Cloudera stockholders with the stock decreasing by -12.8% over the last 5 years.
The stock of Cloudera is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Cloudera stock is positive at this point in time.
The stock of Cloudera is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of Cloudera stock is positive at this point in time.
Latest stock valuation of Cloudera
So what is Cloudera stock worth based on their 1st quarter 2022 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for Cloudera at $14.80 a stock.
We therefore believe the stock of Cloudera is overvalued at its current price of $15.82
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $14.80, thus a good entry point into Cloudera would be at $13.30 or below.
We expect the stock of Cloudera to pull back from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is overvalued
We therefore believe the stock of Cloudera is overvalued at its current price of $15.82
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $14.80, thus a good entry point into Cloudera would be at $13.30 or below.
We expect the stock of Cloudera to pull back from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is overvalued
Next earnings release of Cloudera
It is expected that Cloudera will release their 2nd quarter 2022 earnings report in early September 2021
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