Cloudera Inc (CLDR) Receives Average Rating of “Buy” from Analysts

Cloudera Inc (NYSE:CLDR) has been given a consensus recommendation of “Buy” by the twenty analysts that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.46.

Several brokerages have recently weighed in on CLDR. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. DA Davidson upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, October 4th. Nomura upgraded Cloudera from a “reduce” rating to a “buy” rating and raised their price target for the stock from $12.00 to $23.00 in a research note on Thursday, October 4th. Finally, Stifel Nicolaus raised their price target on Cloudera from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th.

Shares of NYSE CLDR opened at $12.34 on Monday. Cloudera has a fifty-two week low of $10.50 and a fifty-two week high of $22.42. The stock has a market cap of $1.86 billion, a PE ratio of -3.82 and a beta of 1.61.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The business had revenue of $110.30 million for the quarter, compared to analyst estimates of $107.68 million. During the same quarter last year, the company earned ($0.17) EPS. The business’s quarterly revenue was up 22.8% on a year-over-year basis. Research analysts forecast that Cloudera will post -1.16 earnings per share for the current fiscal year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $12.04, for a total value of $332,532.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 165,714 shares of company stock worth $2,549,234 in the last 90 days. 30.90% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new stake in shares of Cloudera in the second quarter valued at approximately $199,000. Jasper Ridge Partners L.P. raised its holdings in Cloudera by 1.6% during the second quarter. Jasper Ridge Partners L.P. now owns 307,753 shares of the company’s stock worth $4,198,000 after purchasing an additional 4,959 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in Cloudera by 2.7% during the third quarter. Peregrine Capital Management LLC now owns 1,044,424 shares of the company’s stock worth $18,434,000 after purchasing an additional 27,503 shares during the last quarter. State Treasurer State of Michigan acquired a new position in Cloudera during the second quarter worth $490,000. Finally, Standard Life Aberdeen plc acquired a new position in Cloudera during the second quarter worth $639,000. Institutional investors own 75.70% of the company’s stock.

About Cloudera

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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