Thieler Law Corp advises investors with losses exceeding $100,000 of the August 6, 2019 lead plaintiff deadline in a class action lawsuit filed against Cloudera Inc (NYSE: CLDR) (“Cloudera” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Cloudera Inc securities between April 28, 2017 and June 5, 2019, have until August 6, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Cloudera Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Cloudera was finding it increasingly difficult to identify large enterprises interested in adopting the Company's Hadoop-based platform; Cloudera needed to expend an increasing amount of capital on sales and marketing activities to generate new revenues, even as new revenue opportunities were diminishing; and Cloudera had materially diminished sales opportunities and prospects and could not generate annual positive cash flows.

On June 5, 2019, the Company revealed results for its first quarter of fiscal year 2020 ended April 30, 2019, and guidance for the second quarter. For the fiscal second quarter, the company is projecting revenue in the range from $180 million to $183 million, falling short of the recent Street consensus estimate for $188.5 million. For the full year, Cloudera sees revenue in the range from $745 million to $765 million, far short of the consensus estimate for $844.7 million. Furthermore, the Company revealed the abrupt departure of CEO Tom Reilly, effective July 31.

Following this news, NYSE: CLDR fell 31.82% on June 5, 2018.

If you were negatively impacted by your investment in Cloudera Inc securities between April 28, 2017 and June 5, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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