Why Cloudera Inc (NYSE: CLDR) stock is crashing

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Cloudera Inc (NYSE: CLDR) stock fell over 8.6% on June 7th, 2018 (as of 2:16 PM GMT-4; Source: Google finance).

For the first quarter of 2019 the group has posted non-GAAP loss from operations of $24.4 million, as compared to a non-GAAP loss from operations of $30.3 million in the year-ago period. The Operating cash flow for the first quarter of FY19 is of $24.4 million compared to operating cash flow of $5.0 million in the first quarter of FY18. As of April 30th, 2018, the company had total cash, cash equivalents, marketable securities and restricted cash of $486.7 million.

Meanwhile, CLDR aim to lead the adoption of machine learning and AI at the largest customers. The company is also making great strides in the objective to disrupt the analytics market. Thirdly, the company is capitalizing on cloud adoption by large enterprises. The company has substantially expanded Cloudera Altus, which is the family of platform as a service offering.

Cloudera plan for IPO

For the second quarter of FY 19, CLDR expects the total revenue to be in the range of $107 million to $108 million, representing approximately 20% year-over-year growth. The consensus for revenue is $107.1 million. The Subscription revenue is expected to be in the range of $90 million to $91 million, representing approximately 22% year-over-year growth. Non-GAAP net loss per share is expected to be in the range of $0.15 to $0.13 per share for Q2 2019 and weighted-average shares outstanding of approximately 150 million shares.

For FY 19, CLDR expects the total revenue to be in the range of $435 million to $445 million, representing approximately 20% year-over-year growth. The consensus for revenue is $440.76 million. Subscription revenue is expected to be in the range of $370 million to $375 million, representing approximately 24% year-over-year growth. Operating cash flow is expected to be in the range of negative $40 million to $35 million for FY 19. The non-GAAP net loss per share is expected to be in the range of $0.62 to $0.59 per share for FY 19.

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