Two new kids on the block reported better-than-expected quarterly earnings after the market close Tuesday. Both Hortonworks (HDP) and New Relic (NEWR) turned in results that beat analyst views with higher than forecast revenue and per-share losses that weren’t as bad as analysts expected. Hortonworks stock rose by about 1% in afternoon trading in the stock market today. New Relic stock slipped a fraction. Hortonworks stock is down 19% for the
Wall Street will likely soon be getting a bigger dose of Hadoop, though investor interest has cooled on the first publicly traded company in this sector. At least three enterprise software companies that specialize in Hadoop, an open-source database software, are expected to file for initial public offerings within the next 18 months. All say that they are not worried about the lagging shares of Hortonworks (HDP), the first Hadoop company to make
Hortonworks (HDP) is getting mixed reviews from analysts ahead of its fourth-quarter earnings report after the market close Tuesday, its first quarterly earnings report since its initial public offering in December. Hortonworks is the first publicly traded company that focuses solely on selling a Hadoop open-source data center software. Hadoop targets companies’ efforts to find better ways to manage Big Data. Hortonworks stock was down a fraction