Cloudera (NYSE:CLDR) Upgraded by Zacks Investment Research to “Buy”

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Zacks Investment Research upgraded shares of Cloudera (NYSE:CLDR) from a hold rating to a buy rating in a research note released on Wednesday morning, Zacks.com reports. The brokerage currently has $5.75 price objective on the stock.

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. “

A number of other brokerages have also weighed in on CLDR. Raymond James reissued a buy rating on shares of Intercept Pharmaceuticals in a report on Thursday, June 6th. Barclays reissued a hold rating and set a $23.00 price objective on shares of Cypress Semiconductor in a report on Thursday, June 6th. Nomura dropped their price objective on shares of Cloudera from $20.00 to $14.00 and set a buy rating on the stock in a report on Thursday, May 30th. Bank of America set a $20.00 price objective on shares of Fiat Chrysler Automobiles and gave the company a hold rating in a report on Thursday, June 6th. Finally, Stifel Nicolaus lowered shares of Cloudera from a buy rating to a hold rating and dropped their price objective for the company from $16.00 to $6.00 in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $12.44.

Shares of CLDR stock traded up $0.03 during trading hours on Wednesday, reaching $5.18. 6,192,503 shares of the company’s stock were exchanged, compared to its average volume of 5,621,673. The business’s 50 day moving average price is $6.43. The stock has a market cap of $1.41 billion, a P/E ratio of -4.54 and a beta of 0.93. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $20.18.

Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.24. The business had revenue of $187.50 million for the quarter, compared to the consensus estimate of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The business’s quarterly revenue was up 81.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.17) earnings per share. On average, equities research analysts forecast that Cloudera will post -0.98 EPS for the current fiscal year.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $5.73, for a total value of $44,040.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. First Trust Advisors LP acquired a new position in Cloudera in the 4th quarter valued at $938,000. LPL Financial LLC grew its holdings in Cloudera by 21.2% in the 4th quarter. LPL Financial LLC now owns 12,185 shares of the company’s stock valued at $135,000 after buying an additional 2,135 shares in the last quarter. California Public Employees Retirement System grew its holdings in Cloudera by 579.9% in the 4th quarter. California Public Employees Retirement System now owns 236,600 shares of the company’s stock valued at $2,617,000 after buying an additional 201,800 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Cloudera by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 559,010 shares of the company’s stock valued at $6,183,000 after buying an additional 74,771 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Cloudera by 134.5% in the 4th quarter. Raymond James & Associates now owns 178,021 shares of the company’s stock valued at $1,969,000 after buying an additional 102,098 shares in the last quarter. 74.56% of the stock is currently owned by institutional investors.

About Cloudera

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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