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Cloudera’s Not Dead Yet

Alex Woodie shares some good news about Cloudera:

Things are starting to look up for Cloudera, which beat analyst expectations with its second quarter results announced yesterday. The distributed computing platform maker also gave investors something to cheer about with an optimistic financial forecast for the rest of fiscal 2021.

Cloudera, which trades on the New York Stock Exchange under the symbol CLDR, reported a non-GAAP profit of $0.10 per share for the second quarter of fiscal year 2021 ended July 31, exceeding analyst expectations by three cents. A year ago, it reported a non-GAAP loss of $.02 per share a year ago.

The company isn’t in great shape, but this is a good sign.