Cloudera (NYSE:CLDR) had its target price increased by Wedbush from $8.50 to $11.00 in a research report sent to investors on Friday, The Fly reports. They currently have a neutral rating on the stock.
CLDR has been the subject of a number of other research reports. Citigroup increased their target price on shares of Cloudera from $7.50 to $8.00 and gave the company a neutral rating in a research report on Thursday, September 5th. ValuEngine cut shares of Cloudera from a strong-buy rating to a buy rating in a research note on Wednesday. JMP Securities upgraded shares of Cloudera from a market perform rating to an outperform rating and set a $12.00 price target on the stock in a research report on Thursday, September 5th. Morgan Stanley upped their price target on shares of Cloudera from $9.00 to $11.00 and gave the stock an equal weight rating in a research note on Tuesday. Finally, DA Davidson increased their price objective on shares of Cloudera to $11.00 and gave the company a buy rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $11.69.
CLDR stock traded up $0.87 during trading on Friday, reaching $10.88. 20,835,265 shares of the company’s stock were exchanged, compared to its average volume of 6,376,160. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cloudera has a 1-year low of $4.89 and a 1-year high of $15.43. The company’s fifty day moving average price is $9.11 and its 200-day moving average price is $7.65. The firm has a market cap of $2.76 billion, a PE ratio of -9.54 and a beta of 0.90.
Cloudera (NYSE:CLDR) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.22. The company had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $189.08 million. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The company’s revenue for the quarter was up 67.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) earnings per share. As a group, sell-side analysts expect that Cloudera will post -1.05 earnings per share for the current fiscal year.
In other Cloudera news, major shareholder Carl C. Icahn acquired 439,914 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $5.00 per share, with a total value of $2,199,570.00. Also, CAO Scott Reasoner sold 6,231 shares of Cloudera stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.96, for a total transaction of $55,829.76. In the last 90 days, insiders have sold 14,862 shares of company stock valued at $132,168. Insiders own 17.90% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. CSat Investment Advisory L.P. acquired a new position in Cloudera in the second quarter worth approximately $30,000. Truvestments Capital LLC increased its holdings in shares of Cloudera by 170.1% in the third quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after buying an additional 2,215 shares in the last quarter. Lindbrook Capital LLC bought a new position in shares of Cloudera in the third quarter valued at $35,000. Strs Ohio acquired a new stake in shares of Cloudera during the 3rd quarter valued at $39,000. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Cloudera during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.
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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