ValuEngine Upgrades Cloudera (CLDR) to “Buy”

Cloudera (NYSE:CLDR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other equities research analysts have also recently weighed in on CLDR. Wedbush assumed coverage on shares of Cloudera in a research report on Thursday, October 18th. They set a “neutral” rating and a $17.00 price objective for the company. Rosenblatt Securities assumed coverage on shares of Cloudera in a research report on Monday, July 9th. They set a “neutral” rating and a $17.00 price objective for the company. DA Davidson raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, October 4th. Nomura raised shares of Cloudera from a “reduce” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Thursday, October 4th. Finally, Stifel Nicolaus upped their price objective on shares of Cloudera from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $21.13.

CLDR opened at $14.25 on Thursday. Cloudera has a twelve month low of $12.57 and a twelve month high of $22.42. The stock has a market cap of $2.08 billion, a P/E ratio of -4.41 and a beta of 1.67.

Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. The business had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $107.68 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. Cloudera’s revenue was up 22.8% compared to the same quarter last year. On average, analysts expect that Cloudera will post -1.16 EPS for the current fiscal year.

In other news, insider Michael Olson sold 27,619 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $18.22, for a total value of $503,218.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 138,095 shares of company stock valued at $2,219,463 in the last three months. Company insiders own 30.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can bought a new position in shares of Cloudera in the second quarter worth about $128,000. IFP Advisors Inc lifted its holdings in shares of Cloudera by 641.5% in the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after acquiring an additional 6,255 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Cloudera in the third quarter worth about $140,000. Bessemer Group Inc. lifted its holdings in shares of Cloudera by 290.4% in the second quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock worth $143,000 after acquiring an additional 7,798 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Cloudera in the second quarter worth about $147,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Cloudera Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cloudera (NYSE:CLDR)

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