Cloudera (CLDR) Issues Q1 Earnings Guidance

Cloudera (NYSE:CLDR) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of ($0.25)-($0.22) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). The company issued revenue guidance of $187-$190 million, compared to the consensus revenue estimate of $219.01 million.Cloudera also updated its FY 2020 guidance to $-0.36–0.32 EPS.

Several research firms have recently weighed in on CLDR. 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. 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. Wedbush dropped their target price on shares of Cloudera from $17.00 to $16.00 and set a neutral rating on the stock in a research report on Thursday. Needham & Company LLC dropped their target price on shares of Cloudera from $31.00 to $28.00 and set a strong-buy rating on the stock in a research report on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Cloudera from a buy rating to a hold rating in a research report on Tuesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $19.44.

Shares of CLDR opened at $11.71 on Friday. Cloudera has a 52 week low of $10.07 and a 52 week high of $22.42. The company has a market cap of $2.20 billion, a P/E ratio of -3.63 and a beta of 1.69.



Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The company had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. As a group, equities analysts anticipate that Cloudera will post -0.98 EPS for the current fiscal year.

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Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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