Please ensure Javascript is enabled for purposes of website accessibility

Why Hortonworks, Inc. Shares Popped This Morning

By Evan Niu, CFA – Feb 11, 2016 at 12:50PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The software maker reported better-than-expected earnings and issued solid guidance.

What: Shares of Hortonworks (HDP) popped this morning, up by 8% as of 12:09 p.m. ET, after the company reported better-than-expected earnings in the fourth quarter.

So what: Revenue in the quarter added up to $37.4 million, nearly tripling year over year. Gross billing also grew to $52.1 million. Non-GAAP net loss was $32.7 million, or $0.72 per share. Those top- and bottom-line results bested analyst expectations, which called for $36.1 million in revenue and a larger adjusted net loss of $0.80 per share.

Now what: CEO Rob Bearden noted that the company doubled its customer base in 2015, and now has over 800 customers. Guidance for the first quarter calls for revenue of around $39.5 million and gross billings of $49.5 million. Full-year 2016 sales should be $188 million with gross billings of $261 million. Adjusted EBITDA for the year is expected to be negative $55 million.

Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Hortonworks, Inc. Stock Quote
Hortonworks, Inc.
HDP

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
327%
 
S&P 500 Returns
105%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.