I really don't like how people are really, really jumping the gun on Cloud, mainly because they main him and think he's the wonder child of sword fighter characters (no, that's Meta Knight). It's funny honestly, because he has so many attacks that can be punished by almost every character in the game. N-Air can be punished by a shield and a grab, U-Air can be mixed up, F-Air is unsafe on shield and can be air dodged, D-Air can be beaten by any roll and counterattack or a longer-reaching attack or projectile, F-Smash is doomed on shield, D-Smash is unsafe if the opponent shields, D-Tilt is not safe against shield and can be grabbed or Cloud can get hit out of it by many different D-Smashes. When you see that he can be easily punished, it is evident. But Cloud zealots will refute this evidence as false of course, if not most of it, despite it being true.
Cloud can be one of the easiest characters to edge-guard in this game by far and it's all thanks to him having only one recovery method and a linear path that most players would opt to go with him. It's actually not that hard to predict and punish Cloud's recovery at all. Since he doesn't cling to the edge, a character like Ganondorf can just U-Air, B-Air, F-Air or D-Air Cloud, and Cloud is doomed without Limit. In fact, one F-Tilt from Ganondorf is enough to doom Cloud, even if Cloud has his second jump, but no Limit.
Even without tournament results, however, Ganondorf has a positive MU against Cloud. Ganondorf is actually able to mix-up with Cloud's U-Air and unlike Cloud, Ganondorf's D-Spec, Wizard's Foot, kills extremely early on the non-meteor hitbox. So Cloud just really can't afford going for a U-Air like that. Cloud may have a better jab attack, but that can just be punished by Ganondorf's regular grab. Some of Cloud's attacks are almost as slow as Ganondorf's, if not slower than his attacks, bar U-Tilt. However, Ganondorf's endlag on attacks such as F-Smash and U-Smash are significantly faster than Cloud's, thus allowing Ganondorf to act out an attack earlier than Cloud.
Going to the slower-than attacks, Cloud's F-Air will NOT be able to beat Ganondorf's due to having 18 frames compared to Ganondorf's 14. Cloud's B-Air is also slower than Ganondorf's and cannot autocancel like Ganondorf's does, but these are simple facts you can look up on Kuroganehammer's website. Cloud and Ganondorf's grab data are exactly the same as well, only with Dash Grab and Pivot Grab's frame datas being reversed for the two.
Now even with Cloud's high ground mobility, now, Ganondorf can easily punish Cloud with grabs or various attacks thanks to some of Cloud's attacks having the disadvantage of coming toward the opponent when used. Where Cloud does NOT have a combo grab, Ganondorf does, and he can use it hard on Cloud for some devastating damage. And remember, at medium to high damages starting past 70% damage, if you're on the edge of the stage as Cloud and get hit by Ganondorf's F-Tilt, it won't matter if you have the second jump, if you don't have Limit, you're dead. Ganondorf can either follow up or you just went too low to recover.
Oh, and I wouldn't advise using any of Cloud's attacks such as F-Smash, D-Tilt or Cross Slash against Ganondorf's Warlock Punch, especially reversed. Cloud is actually a character who Ganondorf CAN use Warlock Punch reliably on and it's all due to Cloud's poor options against Ganondorf's Punch outside of grab.
From my experience against Cloud players, 3 specific characters who people may think are bad against him are actually very good against him and that's Falco, Link and Ganondorf. When you know how to actually not praise Cloud for his average prowess (seriously, his attacks are just average, only his N-Air is spectacular) and instead know how to punish him, it's going to be clear that he's an upper middle tier or lower high tier.
His recovery and frame data are to blame here. He might have good Limit tools, but if you only look at how poor he is without it, Cloud can be taken down a notch or two. He's not going to be another top tier or upper high tier sword fighter like Meta Knight, and he's not going to beat Ike nor Link. If anything, he's going to be directly below Link, but still above Toon Link.
Then again, you might call me wrong and refute my facts as false, when I actually know what I'm talking about.