It's definitely not bad. Good symmetrical balance and well grounded.
I am a bit concerned if this is supposed to stand as its own logotype without any branding text if people are going to know what to think.
Branding ambiguity is only allowable if your budget for brand syndication is big enough to support it.
Otherwise I don't think it is bad just as design is concerned.
You may consider a different shape for your container. This is not to say that the cloud is necessarily bad, but the design should always work to communicate the idea behind it and serve as a conveyor in and of itself.
I like the direction though and I would like to see you expand upon it more. Just keep it clean, sharp, and simple and you should be good to go.
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