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Why Cloudera Stock Tumbled Today

Why Cloudera Stock Tumbled Today

Shares of Cloudera (NYSE: CLDR) sank on Thursday after the cloud software company reported its first-quarter results. Cloudera reported first-quarter revenue of $210.5 million, up 12% year over year and $5.9 million higher than the average analyst estimate. Subscription revenue grew at a quicker 21% pace, reaching $187.1 million.