Diamonds and Dogs
Lennar (LEN) is ready for the spring housing season. The No.2 U.S. homebuilder is up 9% after raising the number of houses they expect to sell this year ahead of the crucial spring selling season. The homebuilder said it would sell 45,765 homes in fiscal 2018, compared with its previous forecast of 32,000-32,500 units. The raised expectation follows a strong first quarter in which the company reported higher revenue and profit.
Things are a little cloudy at Cloudera (CLDR). The software firm is down 40%, its lowest level since going public last year following disappointing guidance. The stock has shed roughly $1.25 billion in shareholder value by midday, despite beating analyst estimates for fourth-quarter earnings. Chief Financial Officer Jim Frankola said the company expected "uneven results" while it made changes to corporate structure.The company's competitors include Hortonworks, as well as cloud infrastructure providers like Amazon, Google and Microsoft.