Equities research analysts forecast that Cloudera Inc (NYSE:CLDR) will report $188.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Cloudera’s earnings, with the lowest sales estimate coming in at $187.40 million and the highest estimate coming in at $188.90 million. Cloudera reported sales of $102.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 83.3%. The company is scheduled to report its next quarterly earnings report on Wednesday, June 5th.
According to Zacks, analysts expect that Cloudera will report full year sales of $843.37 million for the current financial year, with estimates ranging from $835.01 million to $847.36 million. For the next year, analysts forecast that the company will post sales of $1.01 billion, with estimates ranging from $959.70 million to $1.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Cloudera.
Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative return on equity of 30.72% and a negative net margin of 41.30%. The business had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. During the same period in the prior year, the company earned ($0.10) EPS. The company’s revenue was up 39.6% on a year-over-year basis.
CLDR stock traded up $0.28 on Thursday, reaching $10.28. 69,537 shares of the company’s stock were exchanged, compared to its average volume of 4,181,120. Cloudera has a twelve month low of $9.96 and a twelve month high of $20.18. The firm has a market capitalization of $2.69 billion, a PE ratio of -9.03 and a beta of 1.58.
In other news, Director Robert G. Bearden sold 624,934 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $11.60, for a total transaction of $7,249,234.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael A. Stankey acquired 10,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $11.55 per share, for a total transaction of $115,500.00. The disclosure for this purchase can be found here. Corporate insiders own 30.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Washington Capital Management Inc. grew its stake in shares of Cloudera by 18.6% in the fourth quarter. Washington Capital Management Inc. now owns 31,900 shares of the company’s stock worth $353,000 after acquiring an additional 5,000 shares during the period. Exencial Wealth Advisors LLC purchased a new position in shares of Cloudera in the fourth quarter worth $387,000. Vanguard Group Inc lifted its holdings in shares of Cloudera by 4.9% in the third quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock worth $175,960,000 after buying an additional 468,635 shares in the last quarter. Mondrian Capital Management LLC purchased a new position in shares of Cloudera in the fourth quarter worth $664,000. Finally, Pier 88 Investment Partners LLC raised its stake in Cloudera by 34.3% during the fourth quarter. Pier 88 Investment Partners LLC now owns 47,370 shares of the company’s stock valued at $524,000 after purchasing an additional 12,100 shares in the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.
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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