Cloudera (NYSE:CLDR) posted its quarterly earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08, Fidelity Earnings reports. The company had revenue of $118.18 million for the quarter, compared to the consensus estimate of $113.60 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 49.93%. Cloudera updated its Q4 2019 guidance to $-0.12–0.1 EPS and its FY 2019 guidance to $-0.4–0.38 EPS.
NYSE CLDR opened at $13.01 on Friday. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -4.03 and a beta of 1.58. Cloudera has a one year low of $10.50 and a one year high of $22.42.
Several research analysts recently commented on the stock. BTIG Research assumed coverage on shares of Cloudera in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock. Citigroup raised their price target on shares of Cloudera from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Nomura set a $20.00 price target on shares of Cloudera and gave the stock a “buy” rating in a research note on Thursday. Bank of America reaffirmed a “neutral” rating and issued a $18.00 price target (down previously from $22.00) on shares of Cloudera in a research note on Thursday. Finally, ValuEngine raised shares of Cloudera from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cloudera presently has an average rating of “Buy” and a consensus price target of $21.60.
In other Cloudera news, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $18.22, for a total transaction of $503,218.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 165,714 shares of company stock worth $2,549,234 in the last three months. Insiders own 30.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. bought a new stake in shares of Cloudera in the 3rd quarter valued at about $125,000. IFP Advisors Inc boosted its holdings in shares of Cloudera by 641.5% in the 3rd quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock valued at $128,000 after buying an additional 6,255 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Cloudera in the 3rd quarter valued at about $140,000. Great West Life Assurance Co. Can bought a new stake in shares of Cloudera in the 2nd quarter valued at about $128,000. Finally, LPL Financial LLC bought a new stake in shares of Cloudera in the 3rd quarter valued at about $177,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.
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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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