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. “
Other equities analysts have also issued reports about the company. JMP Securities raised Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Thursday, September 5th. Citigroup increased their price objective on Cloudera from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Barclays reissued a “hold” rating and issued a $10.00 price objective on shares of Cloudera in a report on Friday, September 6th. DA Davidson increased their price objective on Cloudera to $11.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, ValuEngine raised Cloudera from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. 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 given a strong buy rating to the company’s stock. Cloudera has a consensus rating of “Hold” and an average target price of $11.58.
Cloudera (NYSE:CLDR) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $196.70 million during the quarter, compared to analyst estimates of $182.31 million. During the same period in the prior year, the company posted ($0.08) EPS. The business’s revenue for the quarter was up 78.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cloudera will post -1.04 earnings per share for the current fiscal year.
In other Cloudera news, insider Scott Reasoner sold 10,260 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $6.99, for a total value of $71,717.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn bought 439,914 shares of the business’s stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $5.00 per share, with a total value of $2,199,570.00. Insiders sold 20,182 shares of company stock valued at $141,555 over the last 90 days. 17.90% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in CLDR. CSat Investment Advisory L.P. acquired a new stake in shares of Cloudera during the 2nd quarter valued at $30,000. Truvestments Capital LLC lifted its position in shares of Cloudera by 170.1% during the 3rd quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after acquiring an additional 2,215 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Cloudera during the 2nd quarter valued at $51,000. Tower Research Capital LLC TRC lifted its position in shares of Cloudera by 457.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,985 shares of the company’s stock valued at $63,000 after acquiring an additional 9,835 shares during the last quarter. Finally, Spearhead Capital Advisors LLC acquired a new stake in shares of Cloudera during the 2nd quarter valued at $65,000. Institutional investors own 67.54% of the company’s stock.
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.
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