Cloudera (CLDR) Downgraded by Zacks Investment Research

Cloudera (NYSE:CLDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, 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. “

Other analysts have also issued research reports about the stock. DA Davidson dropped their target price on shares of Cloudera to $23.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Morgan Stanley started coverage on shares of Cloudera in a research report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 target price on the stock. Barclays started coverage on shares of Cloudera in a research report on Monday, March 11th. They issued an “equal weight” rating and a $16.00 target price on the stock. ValuEngine lowered shares of Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Deutsche Bank dropped their target price on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 14th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.81.

Shares of NYSE CLDR opened at $10.61 on Tuesday. Cloudera has a 52-week low of $9.94 and a 52-week high of $20.18. The stock has a market capitalization of $2.74 billion, a PE ratio of -9.31 and a beta of 1.58.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $209.29 million. During the same quarter last year, the business earned ($0.10) EPS. The firm’s revenue for the quarter was up 39.6% compared to the same quarter last year. Sell-side analysts forecast that Cloudera will post -0.93 EPS for the current year.

In other Cloudera news, Director Michael A. Stankey purchased 10,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average cost of $11.55 per share, for a total transaction of $115,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert G. Bearden sold 624,934 shares of the business’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 disclosure for this sale can be found here. Insiders own 30.90% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optimum Investment Advisors boosted its position in Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after acquiring an additional 3,000 shares during the last quarter. Penserra Capital Management LLC boosted its position in Cloudera by 52.3% during the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares during the last quarter. Bank of Montreal Can boosted its position in Cloudera by 112.7% during the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after acquiring an additional 1,946 shares during the last quarter. JOYN Advisors Inc. acquired a new position in Cloudera during the fourth quarter worth about $43,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Cloudera during the first quarter worth about $81,000. Hedge funds and other institutional investors own 81.09% of the company’s stock.

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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