Cloudera (CLDR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Cloudera (NYSE:CLDR) from a hold rating to a buy rating in a research report released on Monday morning. Zacks Investment Research currently has $20.00 price target on the stock.

According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “

A number of other analysts have also recently issued reports on the company. Needham & Company LLC began coverage on Cloudera in a research report on Friday, January 12th. They issued a buy rating and a $22.00 price objective for the company. Citigroup raised Cloudera from a neutral rating to a buy rating and raised their price objective for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Mizuho raised Cloudera from a neutral rating to a buy rating and set a $21.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine raised Cloudera from a sell rating to a hold rating in a research report on Sunday, December 31st. Finally, Drexel Hamilton assumed coverage on Cloudera in a report on Tuesday, December 19th. They set a buy rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cloudera presently has a consensus rating of Buy and an average target price of $21.50.

Cloudera (NYSE CLDR) traded up $0.80 on Monday, hitting $18.68. The stock had a trading volume of 3,476,300 shares, compared to its average volume of 1,726,042. Cloudera has a 52 week low of $14.50 and a 52 week high of $23.35.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Thursday, December 7th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.07. sell-side analysts anticipate that Cloudera will post -0.82 EPS for the current year.

In related news, VP Wayne Kimber sold 1,666 shares of Cloudera stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $17.45, for a total transaction of $29,071.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 105,441 shares of company stock valued at $1,886,643.

A number of large investors have recently added to or reduced their stakes in CLDR. Glynn Capital Management LLC acquired a new stake in Cloudera during the 4th quarter worth approximately $30,703,000. Schwab Charles Investment Management Inc. lifted its holdings in Cloudera by 629.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock worth $6,760,000 after purchasing an additional 353,109 shares during the last quarter. Finally, Hamilton Lane Advisors LLC acquired a new stake in Cloudera during the 4th quarter worth approximately $1,181,000. 35.29% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/19/cloudera-cldr-upgraded-at-zacks-investment-research.html.

About Cloudera

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.

Get a free copy of the Zacks research report on Cloudera (CLDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply