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What Is the Cloudera Stock Symbol?

After Cloudera Inc. filed its paperwork on March 31, we learned one of the most important details about the upcoming IPO: the Cloudera stock symbol.

The ticker for Cloudera stock will be "CLDR," and Cloudera stock will trade on the New York Stock Exchange (NYSE).

Cloudera stock symbol

According to IPOScoop.com, Cloudera Inc. is expected to trade on April 28. So on the Cloudera IPO date, it will trade as Cloudera Inc. (NYSE: CLDR).

But before buying into the hype surrounding this upcoming IPO, there's one big reason to avoid CLDR stock on its first few days of trading…

Cloudera Isn't Profitable

For the fiscal year recently ended on Jan. 31, 2016, the company recorded $166 million in revenue. That climbed to $261 million in revenue by Jan. 31, 2017, which is year-over-year (YOY) revenue growth of 57.22%.

IPO News: Is This Extremely Secretive $4.7 Billion Company About to Go Public?

But the company has yet to achieve profitability…

In 2016, it reported net losses of $203.14 million. The company cut net losses in 2017 to $187.32 million, but that's still a YOY loss of 7%.

Fiscal Year Revenue Net Losses
2016 $166 million $203.14 million
2017 $261 million $187.32 million

Because the company isn't profitable right now and the stock will likely be very volatile following the IPO, we recommend Money Morning readers avoid IPOs on the first day of trading.

However, we do have a way to play the Cloudera IPO date that could net you profits of 26% over the next year. Best of all, you don't even have to directly invest in Cloudera.

Here's everything you need to know about your next profit opportunity

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