Cloudera Inc (NYSE:CLDR) Receives Consensus Rating of “Hold” from Analysts

Shares of Cloudera Inc (NYSE:CLDR) have been assigned an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.59.

Several brokerages have commented on CLDR. Morgan Stanley began coverage on Cloudera in a research report on Tuesday, March 12th. They set an “equal weight” rating and a $16.00 price objective for the company. Raymond James lowered Cloudera from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. Barclays began coverage on Cloudera in a research report on Monday, March 11th. They set an “equal weight” rating and a $16.00 price objective for the company. Zacks Investment Research raised Cloudera from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Tuesday, March 19th. Finally, Wells Fargo & Co lowered Cloudera from an “outperform” rating to a “market perform” rating and set a $10.75 price objective for the company. in a research report on Thursday, May 23rd.

Shares of Cloudera stock opened at $5.73 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -5.03 and a beta of 1.68. Cloudera has a 12 month low of $4.89 and a 12 month high of $20.18.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.24. The business had revenue of $187.50 million during 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%. The company’s revenue for the quarter was up 81.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) earnings per share. Sell-side analysts anticipate that Cloudera will post -0.98 EPS for the current year.

In other news, Director Kimberly Hammonds sold 7,686 shares of Cloudera stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $5.73, for a total value of $44,040.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CLDR. Bank of Montreal Can grew its position in Cloudera by 112.7% during the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after buying an additional 1,946 shares during the period. Rhumbline Advisers grew its position in Cloudera by 48.4% during the fourth quarter. Rhumbline Advisers now owns 138,553 shares of the company’s stock valued at $1,532,000 after buying an additional 45,179 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Cloudera by 16.3% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 48,957 shares of the company’s stock worth $541,000 after purchasing an additional 6,855 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Cloudera by 15.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,425 shares of the company’s stock worth $491,000 after purchasing an additional 5,950 shares during the period. Finally, Penserra Capital Management LLC boosted its position in Cloudera by 52.3% during the fourth 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 during the period. 74.44% of the stock is 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.

Recommended Story: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Cloudera (NYSE:CLDR)

Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.