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. “
Several other analysts have also weighed in on the company. JMP Securities upgraded Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Thursday, September 5th. ValuEngine upgraded Cloudera from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 2nd. Morgan Stanley increased their target price on Cloudera from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 24th. Citigroup increased their target price on Cloudera from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their target price on Cloudera from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Cloudera presently has an average rating of “Hold” and a consensus target price of $11.58.
Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.02. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The company had revenue of $196.70 million for the quarter, compared to analyst estimates of $182.31 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. Cloudera’s quarterly revenue was up 78.3% compared to the same quarter last year. As a group, equities analysts predict that Cloudera will post -1.04 earnings per share for the current year.
In other news, major shareholder Carl C. Icahn purchased 439,914 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $5.00 per share, with a total value of $2,199,570.00. Also, insider Scott Reasoner sold 10,260 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $6.99, for a total value of $71,717.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,165 shares of company stock worth $272,716 in the last three months. Corporate insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. New Jersey Better Educational Savings Trust grew its position in shares of Cloudera by 9.1% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the company’s stock worth $126,000 after buying an additional 2,000 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its position in shares of Cloudera by 2.9% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 72,000 shares of the company’s stock worth $379,000 after buying an additional 2,000 shares in the last quarter. Truvestments Capital LLC grew its position in shares of Cloudera by 170.1% during the 3rd quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock worth $31,000 after buying an additional 2,215 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Cloudera by 12.3% during the 2nd quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock worth $125,000 after buying an additional 2,600 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Cloudera by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 281,924 shares of the company’s stock worth $1,484,000 after buying an additional 5,439 shares in the last quarter. 67.54% of the stock is currently owned by institutional investors and hedge funds.
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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