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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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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a provider of enterprise data management solutions for big data applications
Industry PackagedSoftware
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