Equities analysts predict that Cloudera Inc (NYSE:CLDR) will post sales of $107.55 million for the current quarter, according to Zacks. Four analysts have issued estimates for Cloudera’s earnings, with the highest sales estimate coming in at $107.69 million and the lowest estimate coming in at $107.50 million. Cloudera posted sales of $89.83 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.7%. The business is scheduled to report its next quarterly earnings results on Thursday, September 6th.
On average, analysts expect that Cloudera will report full year sales of $440.34 million for the current financial year, with estimates ranging from $436.03 million to $442.36 million. For the next fiscal year, analysts expect that the business will report sales of $525.80 million per share, with estimates ranging from $508.17 million to $538.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Cloudera.
Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, June 6th. The company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. The company had revenue of $102.70 million during the quarter, compared to analyst estimates of $101.52 million. Cloudera had a negative net margin of 54.93% and a negative return on equity of 64.55%. The business’s revenue was up 29.0% on a year-over-year basis.
CLDR has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of Cloudera from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, June 7th. DA Davidson raised their price objective on shares of Cloudera from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, June 8th. Nomura initiated coverage on shares of Cloudera in a report on Thursday, June 14th. They set a “reduce” rating and a $12.00 price objective for the company. Mizuho dropped their price objective on shares of Cloudera from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 4th. Finally, Needham & Company LLC dropped their price objective on shares of Cloudera from $26.00 to $22.00 and set a “positive” rating for the company in a report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Cloudera presently has an average rating of “Hold” and an average target price of $19.00.
In related news, Director Michael A. Stankey purchased 25,000 shares of the stock in a transaction that occurred on Monday, April 9th. The stock was acquired at an average price of $12.99 per share, with a total value of $324,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Olson sold 55,238 shares of the firm’s stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $16.89, for a total transaction of $932,969.82. The disclosure for this sale can be found here. In the last three months, insiders sold 165,714 shares of company stock valued at $2,684,843. 30.90% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Amalgamated Bank bought a new position in Cloudera in the fourth quarter valued at approximately $220,000. Greylock Xii GP LLC bought a new position in Cloudera in the fourth quarter valued at approximately $111,425,000. Schwab Charles Investment Management Inc. boosted its stake in Cloudera by 629.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock valued at $6,760,000 after acquiring an additional 353,109 shares during the last quarter. BlackRock Inc. boosted its stake in Cloudera by 129.4% in the fourth quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock valued at $263,600,000 after acquiring an additional 9,001,771 shares during the last quarter. Finally, Spark Investment Management LLC bought a new position in Cloudera in the fourth quarter valued at approximately $3,839,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cloudera traded up $0.07, hitting $15.48, during mid-day trading on Friday, according to MarketBeat Ratings. 1,258,178 shares of the stock were exchanged, compared to its average volume of 2,068,274. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -4.79 and a beta of 0.65. Cloudera has a twelve month low of $12.57 and a twelve month high of $22.42.
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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