Zacks Investment Research Lowers Cloudera (NYSE:CLDR) to Hold

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Zacks Investment Research cut shares of Cloudera (NYSE:CLDR) from a buy rating to a hold rating in a report released on Thursday, Zacks.com reports.

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 analysts have also recently commented on the stock. Morgan Stanley set a $14.00 price objective on shares of Secureworks and gave the company a hold rating in a research report on Thursday, June 6th. Wedbush restated an outperform rating and issued a $79.00 price objective on shares of Aimmune Therapeutics in a research report on Thursday, June 6th. Stifel Nicolaus cut shares of Cloudera from a buy rating to a hold rating and lowered their price objective for the company from $16.00 to $6.00 in a research report on Thursday, June 6th. Nomura lowered their price objective on shares of Cloudera from $20.00 to $14.00 and set a buy rating for the company in a research report on Thursday, May 30th. Finally, Sanford C. Bernstein set a €105.00 ($122.09) price objective on shares of Merck KGaA and gave the company a buy rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $12.44.

CLDR opened at $5.25 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.36 and a quick ratio of 1.36. Cloudera has a 12 month low of $4.89 and a 12 month high of $20.18. The company has a fifty day moving average price of $6.34.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.24. Cloudera had a negative net margin of 44.35% and a negative return on equity of 24.15%. The business had revenue of $187.50 million during the quarter, compared to analysts’ expectations of $188.44 million. During the same quarter in the prior year, the company earned ($0.17) EPS. The firm’s quarterly revenue was up 81.2% on a year-over-year basis. As a group, sell-side analysts forecast that Cloudera will post -0.98 earnings per share for the current fiscal year.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $5.73, for a total transaction of $44,040.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Cloudera by 36.0% during the 1st quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock worth $279,470,000 after purchasing an additional 6,759,290 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Cloudera by 174.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock worth $89,927,000 after purchasing an additional 5,220,000 shares in the last quarter. FMR LLC boosted its stake in shares of Cloudera by 1,507.0% during the 1st quarter. FMR LLC now owns 5,208,982 shares of the company’s stock worth $56,987,000 after buying an additional 4,884,836 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Cloudera by 91.5% during the 1st quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock worth $36,015,000 after buying an additional 1,573,072 shares during the last quarter. Finally, Carmignac Gestion boosted its stake in shares of Cloudera by 18.0% during the 4th quarter. Carmignac Gestion now owns 2,854,768 shares of the company’s stock worth $31,574,000 after buying an additional 436,089 shares during the last quarter. Hedge funds and other institutional investors own 74.56% of the company’s stock.

Cloudera Company Profile

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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