Cloudera (CLDR) – Analysts’ Recent Ratings Updates

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A number of research firms have changed their ratings and price targets for Cloudera (NYSE: CLDR):

  • 6/6/2019 – Cloudera was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at Wedbush from $16.00 to $7.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at JPMorgan Chase & Co. from $16.00 to $8.00. They now have a “neutral” rating on the stock.
  • 6/6/2019 – Cloudera was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $7.50 price target on the stock, down previously from $16.00.
  • 6/6/2019 – Cloudera was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at Craig Hallum from $22.00 to $14.00. They now have an “in-line” rating on the stock.
  • 6/6/2019 – Cloudera was downgraded by analysts at Needham & Company LLC from a “strong-buy” rating to a “hold” rating.
  • 6/6/2019 – Cloudera was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $6.00 price target on the stock, down previously from $16.00.
  • 6/6/2019 – Cloudera had its price target raised by analysts at Morgan Stanley from $7.00 to $15.00. They now have an “equal weight” rating on the stock.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at Barclays PLC from $14.00 to $7.00. They now have an “equal weight” rating on the stock.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at DA Davidson to $9.00. They now have a “buy” rating on the stock.
  • 6/6/2019 – Cloudera had its price target lowered by analysts at BTIG Research to $10.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/6/2019 – Cloudera had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $12.00 price target on the stock.
  • 5/31/2019 – Cloudera had its price target lowered by analysts at Citigroup Inc from $20.00 to $16.00. They now have a “buy” rating on the stock.
  • 5/30/2019 – Cloudera had its price target lowered by analysts at Nomura from $20.00 to $14.00. They now have a “buy” rating on the stock.
  • 5/23/2019 – Cloudera was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $10.75 price target on the stock.
  • 5/14/2019 – 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. “

Shares of NYSE CLDR traded up $0.06 during mid-day trading on Wednesday, hitting $5.15. 130,202 shares of the company traded hands, compared to its average volume of 5,139,491. Cloudera Inc has a 1 year low of $4.89 and a 1 year high of $20.18. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -4.52 and a beta of 1.68. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.24. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The business had revenue of $187.50 million during the quarter, compared to the consensus estimate of $188.44 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Cloudera’s revenue was up 81.2% compared to the same quarter last year. As a group, sell-side analysts expect that Cloudera Inc will post -0.94 EPS for the current fiscal year.

In other news, Director Robert G. Bearden sold 624,934 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Stankey purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.55 per share, with a total value of $115,500.00. The disclosure for this purchase can be found here. Corporate insiders own 17.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Cloudera by 36.0% in the 1st quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock worth $279,470,000 after acquiring an additional 6,759,290 shares during the period. Wellington Management Group LLP lifted its position in shares of Cloudera by 9.1% in the 1st quarter. Wellington Management Group LLP now owns 10,194,075 shares of the company’s stock worth $111,523,000 after acquiring an additional 846,359 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Cloudera by 174.0% in the 1st quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock worth $89,927,000 after acquiring an additional 5,220,000 shares during the period. FMR LLC lifted its position in shares of Cloudera by 1,507.0% in the 1st quarter. FMR LLC now owns 5,208,982 shares of the company’s stock worth $56,987,000 after acquiring an additional 4,884,836 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of Cloudera by 91.5% in the 1st quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock worth $36,015,000 after acquiring an additional 1,573,072 shares during the period. Institutional investors own 74.46% 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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