Cloudera Inc. undefined shares surged Tuesday following a report that the enterprise software company was entertaining possible takeover bids. Cloudera...
Cloudera Inc.
shares surged Tuesday following a report that the enterprise software company was entertaining possible takeover bids. Cloudera shares, which hit an intraday high of $12.40, were last up nearly 16% at $11.70. On Tuesday, Bloomberg Law reported that Cloudera was exploring a potential sale with private equity firms as potential buyers, according to unidentified sources. Earlier in the month, Cloudera forecast quarterly revenue that was below the Wall Street consensus at the time.
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