What happened Shares of Cloudera (NYSE: CLDR) sank on Thursday after the cloud software company reported its first-quarter results. While revenue and earnings beat analyst expectations, guidance came in below estimates. The stock was down 11.1% at 2 p.m. EDT. So what Cloudera reported first-quarter revenue of $210.5 million, up 12% year over year and $5.9 million higher than the average analyst estimate. Subscription revenue grew at a quicker 21% pace, reaching $187.1 million. Image source: Getty Images. Non-GAAP (adjusted) earnings per share came in at $0.05, up from a loss of $0.13 in the prior-year period and $0.04 better than analysts were expecting. Cloudera lost $0.20 per share on a GAAP basis, an improvement over its $0.38-PER-SHARE loss in the first quarter of last year. "We executed extremely well in Q1, particularly as the pandemic was in full effect for more than half of our fiscal quarter," said Cloudera CEO Rob Bearden. Now what While Cloudera beat estimates for its first-quarter results, the company's guidance failed to impress. For the second quarter, the company predicts revenue between $206 million and $209 million and non-GAAP EPS between $0.06 and $0.07. At the midpoint, that revenue guidance range represents year-over-year growth of just 5.5%. Analysts were expecting revenue guidance of $212.3 million. For the full year, Cloudera sees revenue between $825 million and $845 million, up from $794 million in fiscal 2020 and well short of the $860.3 million analyst consensus. Non-GAAP EPS is expected to be between $0.26 and $0.30. Shares of Cloudera had surpassed their prepandemic peak prior to the earnings report. With growth set to slow, investors might be reassessing their optimism regarding the stock. 10 stocks we like better than Cloudera, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Cloudera, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Timothy Green has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source