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JohnCM

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JohnCM

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Tuesday, 06/09/2020 5:14:30 PM

Tuesday, June 09, 2020 5:14:30 PM

Post# of 343

Cloudera Stock Is Jumping Because the Company Could Be Mulling a Sale

By Eric J. Savitz
June 9, 2020 2:45 pm ET

Cloudera stock spiked 15% Tuesday after Bloomberg reported that the cloud-based data analytics company is working with a financial advisor to consider a potential sale of the company.

The Bloomberg story says Cloudera (ticker: CDLR) has held talks with potential buyers, including private-equity firms, but that no decision has been made.

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