Editor's Note

Today, Hortonworks is a software company specializing in the Hadoop platform. Horton gave up on the egg and became a tech wizard.


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HDP - Hortonworks - Company Profile

Hortonworks, Inc. focuses on the development, distribution, and support of Hadoop open source project in the United States and internationally. It offers Hortonworks Data Platform (HDP), an enterprise-grade data management platform that enables its customers to capture, store, process, and analyze increasing amounts of existing and new data types without the need to replace their existing data center infrastructure.

In March Hortonworks and Hewlett Packard Labs announced a collaboration to enhance Apache Spark. Hewlett & Hortonworks

Apparently, they are not setting the world on fire. They reported a Q1 loss of 68 cents that missed estimates by a penny. Revenue rose to $41.3 million and beat estimates slightly. They guided for the current quarter for revenue of $45 million that was in line with estimates.

Investors were not excited about the lackluster earnings and the prospect for continued losses. Shares fell from $12 to $10 after the earnings and after a small dead cat bounce back to $11 the trend has been lower. The stock closed at $9.89 today and a three-month low. The historic low is $7.12 and the odds are good it will be tested if the overall market remains weak.

Short HDP shares, currently $9.89, initial stop loss $10.75.
No options recommended because of wide strikes.