Cloudera (NYSE:CLDR) Rating Lowered to Market Perform at Raymond James

Raymond James lowered shares of Cloudera (NYSE:CLDR) from an outperform rating to a market perform rating in a report released on Thursday, June 6th, The Fly reports.

A number of other research analysts have also recently commented on CLDR. Needham & Company LLC cut Cloudera from a strong-buy rating to a hold rating in a research note on Thursday, June 6th. Craig Hallum reduced their target price on Cloudera from $22.00 to $14.00 and set an in-line rating for the company in a research note on Thursday, June 6th. Wedbush reduced their target price on Cloudera from $16.00 to $7.00 and set a neutral rating for the company in a research note on Thursday, June 6th. They noted that the move was a valuation call. Northland Securities reiterated a buy rating and set a $12.00 price target on shares of Cloudera in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. cut their target price on Cloudera from $16.00 to $8.00 and set a neutral rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $13.07.

CLDR stock opened at $5.26 on Thursday. 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 company has a market capitalization of $1.45 billion, a P/E ratio of -4.61 and a beta of 1.68. The business’s fifty day moving average price is $7.82. Cloudera has a twelve month low of $4.89 and a twelve month high of $20.18.

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

In related news, Director Kimberly Hammonds sold 7,686 shares of the 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 17.90% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Optimum Investment Advisors increased its stake in shares of Cloudera by 1,000.0% during the 1st quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock valued at $36,000 after acquiring an additional 3,000 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 worth $41,000 after acquiring an additional 1,946 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Cloudera by 52.3% during the 4th quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after purchasing an additional 1,270 shares in the last quarter. JOYN Advisors Inc. acquired a new stake in Cloudera in the 4th quarter valued at approximately $43,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Cloudera during the 1st quarter worth approximately $81,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.

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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