Cloudera Inc (NYSE:CLDR) – Research analysts at DA Davidson increased their Q1 2019 earnings per share (EPS) estimates for shares of Cloudera in a research note issued to investors on Wednesday, April 4th. DA Davidson analyst R. Jaluria now expects that the company will post earnings per share of ($0.39) for the quarter, up from their prior forecast of ($0.43). DA Davidson has a “Hold” rating and a $18.00 price target on the stock. DA Davidson also issued estimates for Cloudera’s Q2 2019 earnings at ($0.40) EPS, Q3 2019 earnings at ($0.31) EPS, Q4 2019 earnings at ($0.30) EPS, FY2019 earnings at ($1.39) EPS, Q1 2020 earnings at ($0.32) EPS, Q3 2020 earnings at ($0.29) EPS, Q4 2020 earnings at ($0.26) EPS and FY2020 earnings at ($1.22) EPS.
A number of other analysts also recently issued reports on CLDR. Stifel Nicolaus lowered their target price on Cloudera from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Mizuho lowered their target price on Cloudera from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Needham & Company LLC lowered their target price on Cloudera from $26.00 to $22.00 and set a “positive” rating on the stock in a research report on Wednesday, April 4th. Deutsche Bank downgraded Cloudera from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a research report on Wednesday, April 4th. Finally, JPMorgan Chase downgraded Cloudera from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Wednesday, April 4th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cloudera presently has a consensus rating of “Hold” and a consensus target price of $21.20.
NYSE:CLDR opened at $12.74 on Monday. The stock has a market capitalization of $1,833.21 and a P/E ratio of -3.94. Cloudera has a 52-week low of $12.72 and a 52-week high of $23.35.
Cloudera (NYSE:CLDR) last released its earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. The business had revenue of $103.50 million for the quarter, compared to the consensus estimate of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The company’s quarterly revenue was up 42.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its position in Cloudera by 27.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,750 shares of the company’s stock worth $442,000 after buying an additional 5,750 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Cloudera during the fourth quarter worth approximately $124,000. Peregrine Capital Management LLC boosted its holdings in shares of Cloudera by 0.7% during the fourth quarter. Peregrine Capital Management LLC now owns 1,194,532 shares of the company’s stock worth $19,734,000 after acquiring an additional 8,872 shares during the period. Raymond James & Associates boosted its holdings in shares of Cloudera by 36.3% during the fourth quarter. Raymond James & Associates now owns 35,234 shares of the company’s stock worth $582,000 after acquiring an additional 9,388 shares during the period. Finally, Amalgamated Bank bought a new stake in shares of Cloudera during the fourth quarter worth approximately $220,000. 74.74% of the stock is currently owned by hedge funds and other institutional investors.
In other Cloudera news, VP Wayne Kimber sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total transaction of $1,792,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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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.
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