Cloudera (NYSE:CLDR) posted its quarterly earnings data on Wednesday. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02, Morningstar.com reports. Cloudera had a negative return on equity of 22.76% and a negative net margin of 46.72%. The company had revenue of $196.70 million during the quarter, compared to analysts’ expectations of $182.31 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. Cloudera’s revenue for the quarter was up 78.3% compared to the same quarter last year.
NYSE:CLDR opened at $8.80 on Friday. 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 50 day moving average price is $6.61 and its two-hundred day moving average price is $8.96. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -7.72 and a beta of 0.77. Cloudera has a 12-month low of $4.89 and a 12-month high of $20.18.
Several brokerages recently commented on CLDR. BTIG Research reduced their price target on Cloudera to $10.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. They noted that the move was a valuation call. Stifel Nicolaus cut Cloudera from a “buy” rating to a “hold” rating and reduced their price target for the company from $16.00 to $6.00 in a research report on Thursday, June 6th. JMP Securities raised Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Thursday. ValuEngine raised Cloudera from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.45.
A number of large investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in Cloudera by 11.6% during the 2nd quarter. Mackenzie Financial Corp now owns 263,400 shares of the company’s stock worth $1,385,000 after acquiring an additional 27,300 shares during the period. Nomura Holdings Inc. increased its stake in Cloudera by 975.0% during the 2nd quarter. Nomura Holdings Inc. now owns 107,500 shares of the company’s stock worth $571,000 after acquiring an additional 97,500 shares during the period. Indaba Capital Management L.P. increased its stake in Cloudera by 4.8% during the 2nd quarter. Indaba Capital Management L.P. now owns 3,022,322 shares of the company’s stock worth $15,897,000 after acquiring an additional 137,622 shares during the period. United Services Automobile Association increased its stake in Cloudera by 116.8% during the 2nd quarter. United Services Automobile Association now owns 765,525 shares of the company’s stock worth $4,027,000 after acquiring an additional 412,500 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Cloudera by 72.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 87,528 shares of the company’s stock worth $460,000 after acquiring an additional 36,765 shares during the period. Hedge funds and other institutional investors own 70.61% 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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