Within the past 6 months, how has Cloudera (software company) been covered in U.S. media/news?
Hi! Thank you for your question about how Cloudera (software company) has been covered in U.S. media/news within the past 6 months.
In short, Cloudera’s major media coverage has been the IPO and subsequent related news on valuations, debut and fluctuations of the stock price (initial surge and then decline after the earnings report). In the past 6 months, Cloudera had a partnership with Pitney Bowes and launched two products — Altus and Self-Service Tool for Data Scientists made generally available. I have provided a deep dive of my findings below.
The biggest news in the past 6 months has been the IPO of Cloudera. Most of the articles focus on this. We have provided a summary of the coverage below citing some well-known media sources. Aside from the IPO, a partnership and a couple of product launches have been covered. We have primarily focused sources other than Cloudera’s press releases. The details are provided below in separate sections.
Cloudera filed for an IPO this year and earlier the speculation was that the company is seeking a valuation of roughly $4.1 billion. Within a week, the stock price went up by 30% however, press and analysts continued to give a negative sentiment due to its valuation. The market space in which Cloudera exists has a huge upside — over 40,000 companies worldwide in need for the technology. Furthermore, companies deploying Hadoop have intentions to expand. However, adoption of technologies is mostly use-case based and progressive and hence, the expectation of mass adoption will encounter disappointment. Even though the initial performance of stock price has been strong, the valuation of $2.3 billion is still well below the $4 billion valuations by Intel in 2014. Since its first earnings report, the share price has plunged 14% in June 2017. The interview with the CEO sheds some light on the business model and company’s future. Their business model resides on the innovations in the open source community and packaging these into a software which can be easily used by large enterprises.
In the past 6 months, Cloudera partnered with Pitney Bowes to deploy geospatial processing and data quality solutions for Cloudera’s enterprise clients. This partnership will add location-based technology on top of big data platforms.
Cloudera launched Altus, a Platform-as-a-Service (PaaS), to support large-scale data processing applications on the public cloud. The product has features such as managed service for elastic data pipelines, workload orientation, elimination of data silo ed, backward compatibility and platform portability and built-in workload management. Cloudera also made the “Self-Service Tool for Data Scientists” generally available. It is a web-based tool that allows for big data analytic with a focus on machine learning. It lets users access Apache Spark and Apache Impala to directly access data in the secure Hadoop clusters.
To conclude, Cloudera’s major media coverage has been the IPO and subsequent related news on valuations, debut and fluctuations of the stock price (initial surge and then decline after the earnings report). In the past 6 months, Cloudera had a partnership with Pitney Bowes and launched two products — Altus and Self-Service Tool for Data Scientists made generally available.
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