Hortonworks (HDP) to Release Earnings on Wednesday

Hortonworks (NASDAQ:HDP) is set to announce its earnings results after the market closes on Wednesday, February 7th.

Hortonworks (NASDAQ:HDP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.16. The business had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $63.11 million. During the same period in the prior year, the company earned ($0.68) EPS. The company’s revenue for the quarter was up 45.3% compared to the same quarter last year. On average, analysts expect Hortonworks to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Hortonworks (HDP) opened at $19.52 on Monday. Hortonworks has a 52 week low of $9.10 and a 52 week high of $22.00. The firm has a market capitalization of $1,376.78, a price-to-earnings ratio of -5.79 and a beta of 1.52.

HDP has been the topic of several research reports. BidaskClub lowered Hortonworks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Hortonworks in a research report on Wednesday, October 18th. Northland Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Hortonworks in a research report on Thursday, October 19th. Mizuho reaffirmed a “hold” rating and issued a $14.00 target price on shares of Hortonworks in a research report on Thursday, November 2nd. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $26.00 target price on shares of Hortonworks in a research report on Monday, November 6th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.92.

In other Hortonworks news, insider Shaun Connolly sold 2,083 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.23, for a total value of $37,973.09. Following the transaction, the insider now directly owns 366,988 shares of the company’s stock, valued at $6,690,191.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Davidson sold 16,307 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $18.00, for a total value of $293,526.00. Following the completion of the transaction, the insider now directly owns 1,056,504 shares in the company, valued at $19,017,072. The disclosure for this sale can be found here. Insiders sold 733,481 shares of company stock worth $14,281,210 over the last three months. 22.50% of the stock is currently owned by corporate insiders.

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About Hortonworks

Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.

Earnings History for Hortonworks (NASDAQ:HDP)

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