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Class Action Cases

A class action has been filed on behalf of Cloudera, Inc. Investors. Click "Join this Class Action" above.

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Cloudera, Inc.

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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Cloudera, Inc. (NYSE: CLDR) from April 28, 2017 through June 5, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Cloudera investors under the federal securities laws.

If you bought Cloudera securities between April 28, 2017 through June 5, 2019, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Cloudera, Inc. – CLDR

New York, N.Y., June 11, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Cloudera, Inc. (NYSE: CLDR) from April 28, 2017 through June 5, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Cloudera investors under the federal securities laws.

To join the Cloudera class action, go to http://zhanginvestorlaw.com/cases/cloudera-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Cloudera was finding it increasingly difficult to identify large enterprises interested in adopting Cloudera’s Hadoop-based platform; (2) Cloudera needed to expend an increasing amount of capital on sales and marketing activities to generate new revenues; (3) Cloudera had materially diminished sales opportunities and prospects and could not generate annual positive cash flows for the foreseeable future; (4) the primary motivation for Cloudera’s merger with Hortonworks was to generate growth through the acquisition of Hortonworks’ existing customers (as opposed to obtaining them organically); (5) the purported synergies and other benefits of the merger with Hortonworks were materially overstated; and (6) defendants’ positive statements about Cloudera’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 6, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/cloudera-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.
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