Shares of cloud services company Cloudera jumped as much as 22% Tuesday on a Bloomberg report that the company received takeover interest from private equity firms. The stock was briefly halted after the news was reported. Shares closed up 18.58%. A Cloudera spokesperson declined to comment on the report. The company last year merged with rival Hortonworks in a stock swap that valued the combined companies at $5.2 billion. Today, even as it has achieved cost synergies stemming from the merger, Cloudera’s market capitalization is below $4 billion. Hewlett Packard Enterprise recently acquired the assets of another company in the category, MapR, though Cloudera CEO Rob Bearden said it was able to acquire worried MapR customers. “We’ve had a number of the MapR customers reaching out to us, and as they learn more about CDP [the Cloudera Data Platform], they’re very aggressively embracing us,” said Bearden, who was named chief executive in January. Cloudera shares fell about 13% on Thursday after the company issued full-year revenue guidance of $825 million to $845 million, which fell short of the $858.4 million Refinitiv consensus. Source: CNBC The post Shares of Cloudera jump on report private equity firms want to acquire it appeared first on Data Science PR. Via https://datasciencepr.com/shares-of-cloudera-jump-on-report-private-equity-firms-want-to-acquire-it/?utm_source=rss&utm_medium=rss&utm_campaign=shares-of-cloudera-jump-on-report-private-equity-firms-want-to-acquire-it |
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