Cloudera (NYSE: CLDR) recently received a number of ratings updates from brokerages and research firms:

  • 11/9/2018 – Cloudera was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating.
  • 11/9/2018 – Cloudera was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating.
  • 11/6/2018 – Cloudera was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “
  • 11/5/2018 – Cloudera was upgraded by analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating. They now have a $31.00 price target on the stock, up previously from $23.00.
  • 11/1/2018 – Cloudera was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/24/2018 – Cloudera was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/18/2018 – Cloudera is now covered by analysts at Wedbush. They set a “neutral” rating and a $17.00 price target on the stock.
  • 10/4/2018 – Cloudera had its price target raised by analysts at Raymond James from $20.00 to $24.00. They now have an “outperform” rating on the stock.
  • 10/4/2018 – Cloudera was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $27.00 price target on the stock.
  • 10/4/2018 – Cloudera had its price target raised by analysts at Stifel Nicolaus from $22.00 to $25.00. They now have a “buy” rating on the stock.
  • 10/4/2018 – Cloudera was upgraded by analysts at Nomura from a “reduce” rating to a “buy” rating. They now have a $23.00 price target on the stock, up previously from $12.00.
  • 9/17/2018 – Cloudera was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of NYSE:CLDR traded down $0.46 during trading on Tuesday, reaching $11.80. 289,098 shares of the stock were exchanged, compared to its average volume of 2,999,341. Cloudera Inc has a 12-month low of $12.01 and a 12-month high of $22.42. The stock has a market capitalization of $1.93 billion, a P/E ratio of -3.65 and a beta of 1.67.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The business had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $107.68 million. During the same quarter in the previous year, the business earned ($0.17) EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Research analysts expect that Cloudera Inc will post -1.16 EPS for the current year.

In other news, insider Michael Olson sold 27,619 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $14.74, for a total transaction of $407,104.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 165,714 shares of company stock valued at $2,623,805 in the last quarter. Company insiders own 30.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLDR. First Mercantile Trust Co. purchased a new position in Cloudera in the 3rd quarter worth approximately $125,000. Great West Life Assurance Co. Can purchased a new position in Cloudera in the 2nd quarter worth approximately $128,000. IFP Advisors Inc boosted its holdings in Cloudera by 641.5% in the 3rd quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after acquiring an additional 6,255 shares during the period. FNY Investment Advisers LLC purchased a new position in Cloudera in the 3rd quarter worth approximately $140,000. Finally, Bessemer Group Inc. boosted its holdings in Cloudera by 290.4% in the 2nd quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock worth $143,000 after acquiring an additional 7,798 shares during the period. Hedge funds and other institutional investors own 72.79% of the company’s stock.

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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