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published in Blogs
Aug 02, 2019
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Cloudera (CLDR, $6.53) climbs on Carl Icahn's 12.6% stake disclosure

Cloudera (CLDR, $6.53) climbs on Carl Icahn's 12.6% stake disclosure

Cloudera shares were climbing on Friday on reports that activist investor Carl Icahn has taken a 12.6% stake in the company.

According to regulatory filings, Icahn along with his associated businesses have built up the stake in the data analytics software company on their perception that Cloudera shares were undervalued.

Cloudera shares are down more than -36% on the year, following a disappointing revenue forecast in early June and rating downgrades from analysts. 

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a provider of enterprise data management solutions for big data applications

Industry PackagedSoftware

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Industry
Packaged Software
Address
5470 Great America Parkway
Phone
+1 650 362-0488
Employees
2728
Web
https://www.cloudera.com
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