Barclays began coverage on shares of Cloudera (NYSE:CLDR) in a research report sent to investors on Monday, Marketbeat reports. The brokerage issued an equal weight rating and a $16.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Cloudera from a buy rating to a hold rating in a research note on Tuesday, February 26th. ValuEngine cut Cloudera from a buy rating to a hold rating in a research note on Monday, February 4th. Citigroup lowered their target price on Cloudera from $24.00 to $22.00 and set a buy rating for the company in a research note on Friday, December 7th. Nomura set a $20.00 price objective on Cloudera and gave the stock a buy rating in a research report on Thursday, December 6th. Finally, Wells Fargo & Co initiated coverage on Cloudera in a research report on Tuesday, January 22nd. They set an outperform rating and a $20.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $19.44.

CLDR opened at $11.71 on Monday. Cloudera has a 12 month low of $10.07 and a 12 month high of $22.42. The firm has a market cap of $2.20 billion, a P/E ratio of -3.63 and a beta of 1.69.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. Analysts anticipate that Cloudera will post -0.98 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Washington Capital Management Inc. boosted its position in shares of Cloudera by 18.6% during the 4th quarter. Washington Capital Management Inc. now owns 31,900 shares of the company’s stock worth $353,000 after acquiring an additional 5,000 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new stake in shares of Cloudera in the 4th quarter valued at about $387,000. Vanguard Group Inc boosted its position in shares of Cloudera by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares during the period. Mondrian Capital Management LLC acquired a new stake in shares of Cloudera in the 4th quarter valued at about $664,000. Finally, S&CO Inc. boosted its position in shares of Cloudera by 76.4% in the 4th quarter. S&CO Inc. now owns 112,277 shares of the company’s stock valued at $1,242,000 after purchasing an additional 48,642 shares during the period. 83.05% of the stock is owned by institutional investors and hedge funds.

About Cloudera

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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