Cloudera (NYSE:CLDR) Earns “Buy” Rating from Northland Securities

Cloudera (NYSE:CLDR)‘s stock had its “buy” rating restated by Northland Securities in a research note issued to investors on Thursday, June 6th, Stock Target Advisor reports. They currently have a $12.00 price objective on the stock. Northland Securities’ target price suggests a potential upside of 128.14% from the company’s current price.

Several other equities research analysts have also recently issued reports on CLDR. Zacks Investment Research cut shares of Cloudera from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Stifel Nicolaus cut shares of Cloudera from a “buy” rating to a “hold” rating and cut their price objective for the stock from $16.00 to $6.00 in a research report on Thursday, June 6th. Citigroup cut shares of Cloudera from a “buy” rating to a “neutral” rating and dropped their price target for the company from $16.00 to $7.50 in a research report on Thursday, June 6th. Barclays dropped their price target on shares of Cloudera from $14.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. Finally, Deutsche Bank dropped their price target on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.07.

CLDR traded down $0.06 during midday trading on Thursday, hitting $5.26. 16,328,926 shares of the company traded hands, compared to its average volume of 5,665,652. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market cap of $1.45 billion, a P/E ratio of -4.61 and a beta of 1.68. Cloudera has a 52-week low of $4.89 and a 52-week high of $20.18. The stock’s 50 day moving average price is $7.82.

Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.24. The firm had revenue of $187.50 million for the quarter, compared to the consensus estimate of $188.44 million. Cloudera had a negative net margin of 44.35% and a negative return on equity of 24.15%. The company’s revenue for the quarter was up 81.2% on a year-over-year basis. During the same period last year, the firm posted ($0.17) earnings per share. Equities analysts expect that Cloudera will post -0.98 EPS for the current year.

In other news, Director Kimberly Hammonds sold 7,686 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $5.73, for a total transaction of $44,040.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CLDR. Exencial Wealth Advisors LLC acquired a new position in shares of Cloudera during the 4th quarter valued at about $387,000. Mondrian Capital Management LLC acquired a new position in shares of Cloudera during the 4th quarter valued at about $664,000. Pier 88 Investment Partners LLC increased its stake in shares of Cloudera by 34.3% during the 4th quarter. Pier 88 Investment Partners LLC now owns 47,370 shares of the company’s stock valued at $524,000 after acquiring an additional 12,100 shares during the last quarter. FMR LLC increased its stake in shares of Cloudera by 39,526.7% during the 4th quarter. FMR LLC now owns 324,146 shares of the company’s stock valued at $3,585,000 after acquiring an additional 323,328 shares during the last quarter. Finally, JOYN Advisors Inc. acquired a new position in shares of Cloudera during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 74.44% 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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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