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Actionable news in HDP: HORTONWORKS Inc,

Hortonworks Inc’s (HDP) Long Term Thesis Remains Intact Despite Earnings Miss: D.A. Davidson

Hortonworks Inc (NASDAQ:HDP) shares dropped sharply today, down nearly 23%, after the database software maker released its second-quarter report that came up short of expectations.

HDP reported revenue of $43.6 million, compared to consensus estimate of $45.3 million. Non-GAAP EPS was $(0.72), compared to consensus of $(0.68). In addition, FY2016 guidance for revenue, billings, and adjusted EBITDA now calls for $177 million, $259 million, and a loss of $61.2 million, respectively, down from the previous $190...