Cloudera Inc (NYSE:CLDR) Expected to Announce Quarterly Sales of $181.55 Million

Brokerages expect Cloudera Inc (NYSE:CLDR) to report $181.55 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cloudera’s earnings. The lowest sales estimate is $180.60 million and the highest is $182.30 million. Cloudera reported sales of $110.34 million in the same quarter last year, which suggests a positive year-over-year growth rate of 64.5%. The business is expected to announce its next earnings report on Wednesday, September 4th.

On average, analysts expect that Cloudera will report full year sales of $751.03 million for the current fiscal year, with estimates ranging from $740.96 million to $756.58 million. For the next year, analysts expect that the firm will report sales of $836.41 million, with estimates ranging from $765.74 million to $912.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Cloudera.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.24. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The company had revenue of $187.50 million during the quarter, compared to analyst estimates of $188.44 million. During the same period last year, the company posted ($0.17) earnings per share. The firm’s quarterly revenue was up 81.2% compared to the same quarter last year.



A number of analysts have recently weighed in on CLDR shares. Wedbush lowered their target price on Cloudera from $16.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, June 6th. They noted that the move was a valuation call. BTIG Research lowered their target price on Cloudera to $10.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. They noted that the move was a valuation call. Nomura lowered their price objective on Cloudera from $20.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, Bank of America lowered Cloudera from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.44.

Shares of NYSE:CLDR traded down $0.25 during midday trading on Friday, reaching $6.51. The company’s stock had a trading volume of 7,099,200 shares, compared to its average volume of 6,421,051. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $20.18. The company has a market capitalization of $1.85 billion, a P/E ratio of -5.71 and a beta of 0.92. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $5.80.

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott Reasoner sold 24,983 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $5.25, for a total value of $131,160.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,929 shares of company stock worth $246,919. Company insiders own 17.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its position in Cloudera by 975.0% in the 2nd quarter. Nomura Holdings Inc. now owns 107,500 shares of the company’s stock valued at $571,000 after buying an additional 97,500 shares during the last quarter. Potrero Capital Research LLC acquired a new position in shares of Cloudera during the 2nd quarter worth approximately $1,949,000. Morgan Stanley increased its position in shares of Cloudera by 44.6% during the 2nd quarter. Morgan Stanley now owns 916,061 shares of the company’s stock worth $4,818,000 after purchasing an additional 282,506 shares during the last quarter. Cloverdale Capital Management LLC acquired a new position in shares of Cloudera during the 2nd quarter worth approximately $7,315,000. Finally, UBS Oconnor LLC increased its position in shares of Cloudera by 3.7% during the 2nd quarter. UBS Oconnor LLC now owns 1,860,000 shares of the company’s stock worth $9,784,000 after purchasing an additional 67,187 shares during the last quarter. Institutional investors and hedge funds own 74.92% 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.

Featured Story: Beige Book

Get a free copy of the Zacks research report on Cloudera (CLDR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.