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Stock Alert: Cloudera Shares Rally After Upbeat Q4

Cloudera Inc. (CLDR) shares surged more than 10% in after-hours trade on March 10, following a 7.83% rise in the regular trading session. The stock has been trading between $4.89 and $14.65 in the past one year, and closed Tuesday's trade at $7.85, up 57 cents or 7.83%. Trading volume rose to 8.57 million versus an average volume of 4.22 million shares.

Q4 Results

The company reported a GAAP net loss of $64.3 million or $0.22 per share versus a loss of $85.5 million or $0.45 per share last year. On a non-GAAP basis, earnings amounted to $0.04 per share compared to a loss of $0.15 incurred a year ago. Wll Street analysts expected a loss of $0.03 per share for the quarter. Total revenue increased to $211.7 million from $144.5 million last year.

Q1, FY Outlook

The company expects Q1 non-GAAP net loss/income per share in the range of negative $0.01 to positive $0.01, and total revenue in the range of $202 million - $207 million. Analysts polled by Thomson Reuters expect a loss of $0.03 per share and revenue of $205.21 million for the first quarter. Analysts' estimate typically exclude certai special items.

For fiscal 2021, Cloudera projects non-GAAP EPS in the range of $0.25 - $0.29, with total revenue in the range of $860 million - $880 million. Analysts estimate a loss of $0.01 per share and revenue of $864.37 million for 2021.

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