Markets

Why Hortonworks, Inc. Shares Popped This Morning

Shares of 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.

What: Shares of Hortonworks 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.

The next billion-dollar iSecret

The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here .

The article Why Hortonworks, Inc. Shares Popped This Morning originally appeared on Fool.com.

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 .

Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.

Learn More