Cloudera (CLDR) Given Average Recommendation of “Hold” by Analysts

Shares of Cloudera (NASDAQ:CLDR) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $22.86.

A number of research firms have commented on CLDR. Morgan Stanley restated a “hold” rating and set a $20.00 price objective on shares of Cloudera in a research note on Sunday, May 28th. JMP Securities began coverage on Cloudera in a research note on Tuesday, May 23rd. They set a “market perform” rating on the stock. Deutsche Bank AG began coverage on Cloudera in a research note on Tuesday, May 23rd. They set a “buy” rating and a $25.00 price objective on the stock. J P Morgan Chase & Co began coverage on Cloudera in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $24.00 price objective on the stock. Finally, Raymond James Financial, Inc. began coverage on Cloudera in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $23.00 price objective on the stock.

Shares of Cloudera (NASDAQ:CLDR) opened at 17.13 on Friday. The company has a 50-day moving average price of $17.14 and a 200 day moving average price of $18.64. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35. The firm’s market cap is $2.25 billion.

Cloudera (NASDAQ:CLDR) last posted its quarterly earnings data on Thursday, June 8th. The company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.09. The company had revenue of $79.60 million for the quarter, compared to the consensus estimate of $75.85 million. Analysts expect that Cloudera will post ($1.05) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new position in shares of Cloudera during the second quarter valued at about $131,000. Blume Capital Management Inc. acquired a new position in shares of Cloudera during the second quarter valued at about $135,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cloudera during the second quarter valued at about $190,000. New York State Common Retirement Fund acquired a new position in shares of Cloudera during the second quarter valued at about $237,000. Finally, Rhumbline Advisers acquired a new position in shares of Cloudera during the second quarter valued at about $267,000.

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