3 Stocks to Watch on Friday: American Outdoor Brands Corp (AOBC), Cloudera Inc (CLDR) and Finisar Corporation (FNSR)

AOBC plummets on weak outlook, CLDR revenue jumped 41%, FNSR misses earnings estimates

Bitcoin’s rally continues to impress, which is getting ever-closer to the $20,000 mark, while U.S. stocks were higher by day’s end and gold fell 1%. The S&P 500 Index and Dow Jones Industrial Average gained 0.3% apiece, while the Nasdaq Composite surged 0.5%.

3 Stocks to Watch on Friday: American Outdoor Brands Corp (AOBC), Cloudera Inc (CLDR) and Finisar Corporation (FNSR)Several companies reported on their latest quarters after the bell Thursday, American Outdoor Brands Corp (NASDAQ:AOBC), Cloudera Inc (NYSE:CLDR) and Finisar Corporation (NASDAQ:FNSR).

American Outdoor Brands Corp (AOBC)

American Outdoor Brands posted their quarterly earnings data late Thursday.

The company unveiled earnings of 11 cents per share during its second quarter, which topped analysts’ expectations of seven cents per share. A year ago, the company earned 68 cents per share.

American Outdoor Brands also reported revenue that was ahead of the mark at $148.4 million, compared to Wall Street’s consensus estimate of $142.18 million. The figure fell 36.4% year-over-year.

The company also updated its guidance for the third quarter of fiscal 2018 to be in the range of seven cents to 10 cents per share, compared to analysts’ projections of 41 cents per share.

Revenue is slated to be between $170 million and $180 million, compared to the Wall Street guidance of $209.38 million.

American Outdoor Brands sees its fiscal-year earnings as being in between 57 cents and 67 cents per share, below the outlook of $1.10 per share.

AOBC stock fell 15.1% after hours.

Cloudera Inc (CLDR)

Cloudera reported on its latest period after the bell Thursday.

The big-data company reported for its third quarter, earning a loss of $23.2 million, or 17 cents per share, which is half of what it lost a year ago. Analysts were calling for a loss of 24 cents per share.

Revenue was higher for Cloudera at $94.6 million, marking a 41% surge compared to the year-ago quarter. Wall Street was calling for a loss of $91.3 million in revenue.

Subscription revenue for the period tallied up to $78.1 million, which rose 48% year-over-year, marking 83% of the company’s total revenue. Cloudera signed 23 net new Global 8000 customers in the period.

For the fourth quarter, Cloudera sees its non-GAAP net loss as being in the range of 24 cents to 22 cents per share, while revenue is slated to be between $97 million and $99 million.

For the full year, the company sees a non-GAAP net loss of 84 cents to 82 cents per share, while revenue is higher than previously previewed at 361 million to $363 million.

CLDR shares gained 4.9% after the bell.

Finisar Corporation (FNSR)

Finisar missed expectations yesterday.

The company posted earnings of 23 cents per share during its second quarter of fiscal 2018, which is seven cents below the figure that analysts were expecting for the period.

In the revenue front, Finisar’s totals were better as the company raked in $332.21 million, compared to what Wall Street was expecting, which was $330.88 million.

For the third quarter of fiscal 2018, the company sees its revenue was being in the range of $325 million to $245 million, while non-GAAP earnings per fully diluted share will be between 21 cents and 27 cents per share.

FNSR fell 0.4% after Thursday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of thw aforementioned securities.


Article printed from InvestorPlace Media, https://investorplace.com/2017/12/stocks-watch-friday-american-outdoor-brands-corp-aobc-cloudera-inc-cldr-finisar-corporation-fnsr/.

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