Editoria e Media
Financialbuzz.com: 'Market Recap' Week Ending June 7th, 2019
(NYSE: CLDR) reported its first quarter financial results after the market close on Wednesday. The cloud service provider beat earnings expectations, however, the Company also announced the departure of its Chief Executive Officer Tom Reilly . Cloudera shares fell as much as 39% at the opening bell on Thursday. For the first quarter, Cloudera reported earnings loss of USD 0.13 per share on revenues of USD 187.47 Million . Analysts expected earnings loss of USD 0.23 per share on revenues of USD 188.4 Million . Reilly took on the position of Chief Executive Officer back in 2013. Cloudera announced that Martin Cole , Chairman of the Board, will become interim Chief Executive Officer effective on July 31st . Cole has served as a director on the board since 2017 and has been Chairman of the board since 2018.
(NASDAQ: SFIX) reported its third quarter financial results after the market close on Wednesday. The Company smashed analysts' estimates, which sent shares rallying by as much as 27%. For the quarter, Stitch Fix reported earnings of USD 0.07 per share on revenue of USD 408.9 Million . Analysts expected earnings loss of USD 0.03 per share on revenue of USD 394.9 Million . Revenue rose by 29% year-over-year, largely due to the Company's increase in active clients. At the end of the quarter, Stitch Fix reported 3.1 million active clients, an increase of 17% year-over-year.
(NYSE: CIEN) reported its second quarter financial results before the market open on Thursday. The Company reported that earnings doubled year-over-year and also topped estimates, sending shares 25%. For the quarter, Ciena reported earnings of USD 0.48 per share on revenues of USD 865 Million . Analysts expected earnings of USD 0.41 per share on revenues of USD 819 Million . Ciena's revenue and earnings both grew substantially year-over-year. Revenues increased by 18.5% year-over-year, while earnings more than doubled from USD 0.23 per share a year ago. The stronger quarter was primarily led by stronger sales in Ciena's networking platforms, which reported total revenue of USD 697 Million compared to USD 591.7 Million a year ago.
(NASDAQ: BYND) reported its first financial results since launching its initial public offering in early May. Beyond Meat exceed analysts' revenue estimates, which sent shares soaring by 25% higher during Thursday's extended hours. For the quarter, Beyond Meat reported earnings loss of USD 0.14 per share on revenue of USD 40.2 Million . Analysts expected revenues of USD 38.92 Million . The Company reported that revenue grew by 215% year-over-year, largely due to its 304.4% growth in its Fresh platform. Retail revenue grew by 110.8% to USD 19.57 Million , while Restaurant and Foodservice revenue rose by 491.4% to USD 20.62 Million .
(NASDAQ: DOCU) reported its first quarter financial results after the market close on Thursday. Following the financial release, DocuSign shares plunged by 16%. For the first quarter, DocuSign reported earnings of USD 0.07 per share on revenue of USD 214 Million . The Company reported growth in both its earnings and revenue year-over-year. DocuSign's earnings increase from USD 0.01 in the same quarter a year prior, while revenue increased by 37% year-over-year. DocuSign's strong revenue growth was driven by its 36% increase in subscription revenue and a 64% increase in its professional services and other revenue.
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