After-Hours Moves in Rising Tech Firms

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Although earnings season is over for the most part, a handful of tech companies have reported after the closing bell. A few of these firms are making big moves in the after-hours session. 24/7 Wall St. has taken a look at these earnings reports and broken down their highlights.

Cloudera Inc. (NYSE: CLDR) reported its fiscal second-quarter financial results, saying that it had a net loss of $0.02 per share and $196.7 million in revenue. Consensus estimates had called for a net loss of $0.10 per share and $182.26 million in revenue. The same period of last year reportedly had $0.05 in EPS and $110.34 million in revenue.

Subscription revenue increased 74% year over year to $164.1 million, with a gross margin of 86%. Annualized recurring revenue grew 16% year over year.

Looking ahead to the fiscal third quarter, the company expects to see a net loss per share in the range of $0.08 to $0.06 and revenue between $187 million and $190 million. Consensus estimates are calling for a net loss of $0.05 per share and $188.61 million in revenue for the quarter.

Shares of Cloudera closed Wednesday at $7.21, in a 52-week range of $4.89 to $20.18. The consensus price target is $10.03. Following the announcement, the stock was up over 5% at $7.57 in the after-hours session.

MongoDB Inc. (NASDAQ: MDB) said that it had a net loss of $0.26 per share on $99.4 million in revenue for its second-quarter results. Analysts anticipated a net loss of $0.28 per share and $91.69 million in revenue. The fiscal second quarter of last year had a net loss of $0.34 per share and $59.61 million in revenue.

Total revenues increased by 67% year over year. Subscription revenue was $94.2 million, an increase of 71%, and services revenue was $5.2 million, an increase of 15%.

For the third quarter, the company expects to see a net loss of $0.29 to $0.27 per share and revenues of $98.0 million to $100.0 million. Consensus estimates call for a net loss of $0.28 per share and $96.01 million in revenue.

MongoDB shares closed Wednesday at $158.66, in a 52-week range of $62.30 to $184.78. The consensus price target is $166.92. Following the announcement, the stock was initially flat at $159.10 in the after-hours session.

Slack Technologies Inc. (NYSE: WORK) posted a net loss of $0.14 per share and $145.0 million in revenue, which compares with consensus estimates of $0.18 per share and $140.72 million in revenue. In the second quarter of last year, it posted a net loss of $0.08 per share and revenue of $92.02 million.

Slack ended the quarter with over 100,000 paid customers, an increase 37% of year over year. The number of paid customers with greater than $100,000 in annual recurring revenue was 720, up 75% year over year.

In terms of guidance, Slack expects to see a net loss per share of $0.09 to $0.08 and revenue of $154 million to $156 million in the third quarter. The consensus estimates are a net loss of $0.07 per share and $153.19 million in revenue.

Shares of Slack closed Wednesday at $31.07. The 52-week range is $27.91 to $42.00, and the consensus analyst target is $38.93. The stock was down 13.5% at $26.84 in the after-hours session.

Smartsheet Inc. (NYSE: SMAR) released its most recent quarterly report, with a net loss of $0.08 per share and $64.6 million in revenue. Consensus estimates had called for a net loss of $0.16 per share and $63.52 million in revenue. The second quarter of last year had a net loss of $0.08 per share on $42.38 million in revenue.

During the quarter, total revenues increased 53% year over year. Subscription revenue was $58.3 million, an increase of 56%. Professional services revenue was $6.3 million, an increase of 29%.

Looking ahead, Smartsheet expects to see a net loss per share of $0.19 to $0.18 and revenue of $69.0 million to $70.0 million the third quarter. That compares with consensus estimates of a net loss of $0.14 per share and $68.92 million in revenue.

The stock closed Wednesday at $47.91, in a 52-week range of $20.34 to $55.79. The consensus price target is $55.40, and the stock was down 11.5% at $42.35 in the after-hours session.

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