Cloudera IPO: 14 Things You Need to Know

Mitch Wagner
3/31/2017

Investors in Cloudera have a good reason to say TGIF, as the big data and analytics company filed its IPO on Friday. Here are 14 things you need to know, mostly according to Cloudera's filing:

  1. Cloudera Inc. is looking to raise $200 million. But it hasn't yet set the number of shares, or share price.
  2. Cloudera's revenue was $261 million as of January 31 2017 and $166 million in the year-before period, for a year-over-year growth rate of 57%. Net losses are narrowing -- $187.3 million for the period ending January 31 2017 and $203.1 million for the year-ago period.
  3. Cloudera runs on a hybrid open source and proprietary model, which it calls Hybrid Open Source Software, or HOSS, which is adorable.
  4. Cloudera software is based on Hadoop, which was developed by Google and Yahoo for big data.
  5. Headcount: 1,470 employees as of January 31, up from 1,140 employees the prior year.
  6. The stock symbol will be CLDR.
  7. The estimated valuation according to several sources will be about $4 billion.
  8. Cloudera is a late IPO. It was founded in 2008.
  9. Competitor Hortonworks previously filed for an IPO. It hasn't gone so well; its stock has gone from $26 to under $10 today.
  10. Intel Corp. (Nasdaq: INTC) is a strategic partner and investor. Intel's aggregate investment is $766.5 million as of January 31. Cloudera's software is optimized for Intel processors and architecture.
  11. Cloudera's software runs both on-premises and in the cloud, including all the major public cloud infrastructure providers -- Amazon Web Services Inc. , Microsoft Corp. (Nasdaq: MSFT) Azure and Google (Nasdaq: GOOG) Cloud Platform, and managed service providers. "We also enable enterprises' 'multi-cloud' strategies, allowing them to move workloads from the data center to the public cloud, among public cloud vendors and back again, thus avoiding cloud lock-in."
  12. Cloudera offers its software by subscription to the largest 8,000 corporate enterprises as well as large public sector organizations, and has about 500 Global 8000 customers as of January 31.
  13. Cloudera sees its total addressable market as $65.6 billion by 2020.
  14. Underwriters include Morgan Stanley, JPMorgan and Allen & Company.


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Ariella
Ariella
4/12/2017 | 9:21:05 PM
Re: (☞゚ヮ゚)☞
@kq4ym sure you can make money even on an IPO that ends up tanking. It's all in the timing and strategy, whether you buy to sell higher later or short your purchase in the hopes of a lower price later.
kq4ym
kq4ym
4/11/2017 | 9:50:31 AM
Re: (☞゚ヮ゚)☞
It does make one wonder who may profit from the IPOs. As noted, "Hortonworks previously filed for an IPO. It hasn't gone so well; its stock has gone from $26 to under $10 today." Nonetheless, someone made some money just not the folks who invested. It will be interesting to watch this one.
Ariella
Ariella
4/3/2017 | 9:49:19 AM
Re: (☞゚ヮ゚)☞
@Mitch well, that does make sense. It's not where you start but where you finish that matters.
Mitch Wagner
Mitch Wagner
4/2/2017 | 2:47:44 PM
Re: (☞゚ヮ゚)☞
Investors may well be demanding it. To them, the long term of the stock would be less relevant than the IPO price. 
danielcawrey
danielcawrey
4/2/2017 | 11:31:23 AM
Re: (☞゚ヮ゚)☞
Given that Hortonworks had an IPO and the stock isn't doing so well, is an IPO the best thing for Cloudera? 

Maybe the company doesn't have a choice. It's probably already hit up the private markets for as much cash as it could. 
Mitch Wagner
Mitch Wagner
4/1/2017 | 4:14:45 PM
Re: (☞゚ヮ゚)☞
We're here all night. Don't forget to tip your waitresses. Try the veal. 
Joe Stanganelli
Joe Stanganelli
3/31/2017 | 11:17:51 PM
(☞゚ヮ゚)☞
Sounds like there'll be some HOSS trading going on.

 

...

 

I'll show myself out.
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