Craig Hallum Lowers Cloudera (NYSE:CLDR) Price Target to $14.00

Cloudera (NYSE:CLDR) had its price objective reduced by equities researchers at Craig Hallum from $22.00 to $14.00 in a note issued to investors on Thursday, June 6th, The Fly reports. The firm currently has an “in-line” rating on the stock. Craig Hallum’s price target indicates a potential upside of 166.16% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Needham & Company LLC cut their target price on Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 14th. They noted that the move was a valuation call. Citigroup downgraded Cloudera from a “buy” rating to a “neutral” rating and cut their target price for the stock from $16.00 to $7.50 in a research report on Thursday, June 6th. Wedbush cut their target price on Cloudera from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Finally, Barclays cut their target price on Cloudera from $14.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.07.

Shares of CLDR traded down $0.06 during mid-day trading on Thursday, reaching $5.26. The company’s stock had a trading volume of 16,328,926 shares, compared to its average volume of 5,665,652. Cloudera has a 12-month low of $4.89 and a 12-month high of $20.18. The firm has a market capitalization of $1.45 billion, a PE ratio of -4.61 and a beta of 1.68. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. The firm’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) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.24. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The business had revenue of $187.50 million during the quarter, compared to analysts’ expectations of $188.44 million. During the same period last year, the firm earned ($0.17) EPS. The company’s quarterly revenue was up 81.2% compared to the same quarter last year. Sell-side analysts forecast that Cloudera will post -0.98 EPS for the current fiscal year.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake in Cloudera by 13.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 484,239 shares of the company’s stock valued at $8,547,000 after buying an additional 57,588 shares during the last quarter. Bank of Montreal Can lifted its stake in Cloudera by 112.7% in the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after purchasing an additional 1,946 shares during the last quarter. IFP Advisors Inc increased its position in Cloudera by 10.7% in the 4th quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock valued at $87,000 after acquiring an additional 770 shares during the period. Rhumbline Advisers increased its position in Cloudera by 48.4% in the 4th quarter. Rhumbline Advisers now owns 138,553 shares of the company’s stock valued at $1,532,000 after acquiring an additional 45,179 shares during the period. Finally, First Mercantile Trust Co. increased its position in Cloudera by 29.3% in the 4th quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock valued at $102,000 after acquiring an additional 2,082 shares during the period. 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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