Cloudera (NYSE:CLDR) Announces Earnings Results, Beats Estimates By $0.22 EPS

Cloudera (NYSE:CLDR) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.22, Briefing.com reports. Cloudera had a negative return on equity of 19.19% and a negative net margin of 49.22%. The firm had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $189.08 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Cloudera’s revenue was up 67.8% compared to the same quarter last year. Cloudera updated its Q4 guidance to -$0.04$0.02 EPS and its FY20 guidance to -$0.21$0.19 EPS.

Shares of CLDR opened at $10.88 on Friday. Cloudera has a 12-month low of $4.89 and a 12-month high of $15.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50-day moving average of $9.11 and a two-hundred day moving average of $7.65.

Several analysts recently commented on CLDR shares. Citigroup raised their price objective on shares of Cloudera from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Bank of America boosted their price objective on shares of Cloudera from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Friday. Morgan Stanley restated a “hold” rating and set a $12.00 target price on shares of Cloudera in a research report on Friday. JPMorgan Chase & Co. increased their target price on shares of Cloudera from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Friday. Finally, DA Davidson reiterated a “buy” rating and set a $13.00 price target on shares of Cloudera in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Cloudera currently has a consensus rating of “Hold” and an average price target of $11.69.

In other Cloudera news, CAO Scott Reasoner sold 6,397 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $8.78, for a total transaction of $56,165.66. Following the completion of the transaction, the chief accounting officer now owns 102,675 shares of the company’s stock, valued at $901,486.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carl C. Icahn purchased 439,914 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $5.00 per share, with a total value of $2,199,570.00. Insiders sold 14,862 shares of company stock worth $132,168 in the last ninety days. Insiders own 17.90% of the company’s stock.

About Cloudera

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

See Also: Consumer Price Index (CPI)

Earnings History for Cloudera (NYSE:CLDR)

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