Analysts Anticipate Cloudera Inc (CLDR) Will Post Quarterly Sales of $203.09 Million

Wall Street brokerages expect Cloudera Inc (NYSE:CLDR) to announce $203.09 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Cloudera’s earnings. The lowest sales estimate is $195.70 million and the highest is $209.30 million. Cloudera posted sales of $110.34 million in the same quarter last year, which suggests a positive year-over-year growth rate of 84.1%. The company is expected to announce its next quarterly earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Cloudera will report full-year sales of $843.62 million for the current fiscal year, with estimates ranging from $835.01 million to $847.36 million. For the next fiscal year, analysts forecast that the company will post sales of $1.02 billion, with estimates ranging from $959.70 million to $1.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Cloudera.

Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.24. Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The business had revenue of $187.50 million for the quarter, compared to analysts’ expectations of $188.44 million. During the same quarter last year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 81.2% compared to the same quarter last year.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Cloudera from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Barclays assumed coverage on shares of Cloudera in a report on Monday, March 11th. They issued an “equal weight” rating and a $16.00 target price on the stock. Morgan Stanley assumed coverage on shares of Cloudera in a report on Tuesday, March 12th. They set an “equal weight” rating and a $16.00 price target on the stock. Deutsche Bank decreased their price target on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 14th. Finally, Needham & Company LLC decreased their price target on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.80.

NYSE CLDR traded down $3.59 during trading hours on Friday, reaching $5.21. The company’s stock had a trading volume of 57,511,611 shares, compared to its average volume of 3,723,761. Cloudera has a 52 week low of $8.52 and a 52 week high of $20.18. The stock has a market capitalization of $2.50 billion, a P/E ratio of -4.57 and a beta of 1.68.

In other news, Director Michael A. Stankey purchased 10,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of $11.55 per share, for a total transaction of $115,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert G. Bearden sold 624,934 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CLDR. BlackRock Inc. increased its stake in shares of Cloudera by 36.0% in the 1st quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock valued at $279,470,000 after acquiring an additional 6,759,290 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Cloudera by 9.1% in the 1st quarter. Wellington Management Group LLP now owns 10,194,075 shares of the company’s stock valued at $111,523,000 after acquiring an additional 846,359 shares in the last quarter. OppenheimerFunds Inc. increased its stake in shares of Cloudera by 174.0% in the 1st quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock valued at $89,927,000 after acquiring an additional 5,220,000 shares in the last quarter. FMR LLC increased its stake in shares of Cloudera by 1,507.0% in the 1st quarter. FMR LLC now owns 5,208,982 shares of the company’s stock valued at $56,987,000 after acquiring an additional 4,884,836 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Cloudera by 91.5% in the 1st quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock valued at $36,015,000 after acquiring an additional 1,573,072 shares in the last quarter. Hedge funds and other institutional investors own 74.46% 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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