Cloudera (NYSE:CLDR) Downgraded by Stifel Nicolaus

Cloudera (NYSE:CLDR) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, June 6th, Marketbeat Ratings reports. They currently have a $6.00 price objective on the stock, down from their prior price objective of $16.00. Stifel Nicolaus’ target price suggests a potential upside of 14.07% 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. Deutsche Bank cut their price objective 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. Nomura dropped their price target on shares of Cloudera from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. DA Davidson lowered their price objective on shares of Cloudera to $23.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. Finally, Needham & Company LLC lowered their price objective on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Thursday, March 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target 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 stock’s 50 day moving average price is $7.82. 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.

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 stake in Cloudera during the 4th quarter worth approximately $664,000. Pier 88 Investment Partners LLC increased its position in Cloudera by 34.3% during the 4th quarter. Pier 88 Investment Partners LLC now owns 47,370 shares of the company’s stock worth $524,000 after purchasing an additional 12,100 shares in the last quarter. FMR LLC increased its position in Cloudera by 39,526.7% during the 4th quarter. FMR LLC now owns 324,146 shares of the company’s stock worth $3,585,000 after purchasing an additional 323,328 shares in the last quarter. Finally, JOYN Advisors Inc. acquired a new stake in Cloudera during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 74.44% of the company’s stock.

About Cloudera

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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