Cloudera (NYSE:CLDR) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.12–0.1 for the period, compared to the Thomson Reuters consensus estimate of $-0.14. The company issued revenue guidance of $119-122 million, compared to the consensus revenue estimate of $119.7 million.Cloudera also updated its FY 2019 guidance to $-0.4–0.38 EPS.
Shares of CLDR stock opened at $13.01 on Friday. The stock has a market cap of $1.75 billion, a P/E ratio of -4.03 and a beta of 1.58. Cloudera has a 1-year low of $10.50 and a 1-year high of $22.42.
Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, December 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Cloudera had a negative return on equity of 49.93% and a negative net margin of 35.63%. The business had revenue of $118.18 million during the quarter, compared to analysts’ expectations of $113.60 million. As a group, equities analysts predict that Cloudera will post -1.16 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on CLDR shares. Morgan Stanley increased their price objective on Cloudera from $17.00 to $18.00 and gave the stock a hold rating in a report on Thursday, September 6th. Needham & Company LLC increased their price objective on Cloudera from $22.00 to $23.00 and gave the stock a buy rating in a report on Thursday, September 6th. Stifel Nicolaus increased their price objective on Cloudera from $19.00 to $22.00 and gave the stock a buy rating in a report on Thursday, September 6th. Citigroup increased their price objective on Cloudera from $21.00 to $24.00 and gave the stock a buy rating in a report on Monday, September 10th. Finally, BTIG Research started coverage on Cloudera in a report on Wednesday, September 12th. They issued a buy rating for the company. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $21.60.
In other news, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was 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 available at this hyperlink. In the last 90 days, insiders sold 165,714 shares of company stock valued at $2,549,234. 30.90% of the stock is currently owned by company insiders.
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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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