Cloudera (NYSE:CLDR) Issues Q4 Earnings Guidance

Cloudera (NYSE:CLDR) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of -$0.04$0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.05). The company issued revenue guidance of $200-203 million, compared to the consensus revenue estimate of $196.90 million.Cloudera also updated its FY20 guidance to -$0.21$0.19 EPS.

Several research analysts have commented on CLDR shares. Zacks Investment Research cut shares of Cloudera from a hold rating to a sell rating in a report on Monday, November 18th. DA Davidson raised their price objective on shares of Cloudera to $11.00 and gave the company a buy rating in a report on Wednesday, September 25th. Morgan Stanley raised their price objective on shares of Cloudera from $9.00 to $11.00 and gave the company an equal weight rating in a report on Tuesday. Citigroup lifted their price objective on shares of Cloudera from $7.50 to $8.00 and gave the stock a neutral rating in a research report on Thursday, September 5th. Finally, JMP Securities upgraded shares of Cloudera from a market perform rating to an outperform rating and set a $12.00 target price for the company in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $11.69.

Shares of Cloudera stock traded up $0.16 during trading hours on Thursday, hitting $10.01. The company had a trading volume of 6,449,138 shares, compared to its average volume of 6,313,182. The company’s 50-day moving average is $9.07 and its two-hundred day moving average is $7.64. Cloudera has a twelve month low of $4.89 and a twelve month high of $15.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $2.76 billion, a P/E ratio of -8.78 and a beta of 0.90.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The firm had revenue of $196.70 million for the quarter, compared to the consensus estimate of $182.31 million. During the same quarter last year, the business posted ($0.08) EPS. The firm’s quarterly revenue was up 78.3% compared to the same quarter last year. Sell-side analysts expect that Cloudera will post -1.05 EPS for the current year.

In other Cloudera news, major shareholder Carl C. Icahn bought 439,914 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Also, CAO Scott Reasoner sold 6,397 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.78, for a total transaction of $56,165.66. Following the sale, the chief accounting officer now owns 102,675 shares of the company’s stock, valued at approximately $901,486.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,862 shares of company stock worth $132,168. Insiders own 17.90% 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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