Hortonworks Inc (HDP) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Hortonworks Inc (HDP) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.72 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.68. The company posted revenue of $43.64 million in the period, compared to analysts expectations of $45.24 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.82 EPS.

Many Wall Street Analysts have commented on Hortonworks Inc. DA Davidson Upgraded Hortonworks Inc on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $13.Northland Capital Initiated Hortonworks Inc on Jun 17, 2016 to “Outperform”, Price Target of the shares are set at $24.

Hortonworks Inc opened for trading at $12.43 and hit $12.69 on the upside on Tusday, eventually ending the session at $12.6, with a gain of 1.69% or 0.21 points. The heightened volatility saw the trading volume jump to 8,74,883 shares. Company has a market cap of $728 M.

In a different news, on Jul 5, 2016, Scott Reasoner (officer ) sold 4,604 shares at $10.69 per share price. According to the SEC, on Jun 13, 2016, Herbert Cunitz (President) sold 8,523 shares at $10.87 per share price. On Jun 13, 2016, Shaun Connolly (VP Corporate Strategy) sold 18,029 shares at $11.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Hortonworks Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Company’s platform integrates with data center technologies to enable data architectures and enables its customers to collect store process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets including online services education financial services Government healthcare/pharmaceuticals industrials/manufacturing media/entertainment retail/ecommerce technology and telecommunications.

Hortonworks Inc

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