Zacks Investment Research upgraded shares of Cloudera (NYSE:CLDR) from a sell rating to a hold rating in a research note published on Thursday, Zacks.com reports.
According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “
A number of other research firms have also recently issued reports on CLDR. Barclays reiterated a hold rating and issued a $10.00 target price on shares of Cloudera in a research note on Friday, September 6th. Nomura raised their target price on Cloudera from $8.00 to $10.00 and gave the company a buy rating in a research note on Thursday, September 5th. DA Davidson raised their target price on Cloudera to $11.00 and gave the company a buy rating in a research note on Wednesday, September 25th. JMP Securities upgraded Cloudera from a market perform rating to an outperform rating and set a $12.00 target price on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley raised their target price on Cloudera from $7.00 to $9.00 and gave the company an equal weight rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $11.58.
CLDR traded up $0.08 during trading hours on Thursday, hitting $8.58. 1,878,635 shares of the stock were exchanged, compared to its average volume of 6,809,728. The stock has a 50-day simple moving average of $8.26 and a 200-day simple moving average of $8.17. Cloudera has a 12 month low of $4.89 and a 12 month high of $15.84. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -7.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37.
Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.02. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The firm had revenue of $196.70 million for the quarter, compared to analysts’ expectations of $182.31 million. During the same period last year, the business posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 78.3% on a year-over-year basis. Sell-side analysts expect that Cloudera will post -1.04 EPS for the current year.
In other news, insider Scott Reasoner sold 10,260 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $6.99, for a total transaction of $71,717.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn purchased 439,914 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $2,199,570.00. Insiders have sold 20,182 shares of company stock worth $141,555 over the last three months. Corporate insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. New Jersey Better Educational Savings Trust grew its holdings in Cloudera by 9.1% during the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the company’s stock worth $126,000 after acquiring an additional 2,000 shares during the period. NJ State Employees Deferred Compensation Plan grew its holdings in Cloudera by 2.9% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 72,000 shares of the company’s stock worth $379,000 after acquiring an additional 2,000 shares during the period. Truvestments Capital LLC grew its holdings in Cloudera by 170.1% during the third quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock worth $31,000 after acquiring an additional 2,215 shares during the period. Prudential Financial Inc. grew its holdings in Cloudera by 12.3% during the second quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock worth $125,000 after acquiring an additional 2,600 shares during the period. Finally, Bank of America Corp DE grew its holdings in Cloudera by 2.0% during the second quarter. Bank of America Corp DE now owns 281,924 shares of the company’s stock worth $1,484,000 after acquiring an additional 5,439 shares during the period. 67.54% of the stock is currently owned by institutional investors.
Cloudera Company Profile
Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.
Read More: The limitations of an equal weight rating
Get a free copy of the Zacks research report on Cloudera (CLDR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.