Cloudera (NYSE:CLDR) Upgraded to “Hold” by Zacks Investment Research

Cloudera (NYSE:CLDR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, reports.

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. “

CLDR has been the topic of a number of other reports. Morgan Stanley increased their price objective on shares of Cloudera from $7.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Bank of America downgraded shares of Cloudera from a “neutral” rating to an “underperform” rating in a research report on Thursday, June 6th. Stifel Nicolaus downgraded shares of Cloudera from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $6.00 in a research report on Thursday, June 6th. ValuEngine upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, JMP Securities upgraded shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.45.

Shares of CLDR traded down $0.07 during midday trading on Wednesday, hitting $8.85. 1,175,922 shares of the company traded hands, compared to its average volume of 11,160,405. The firm has a 50 day moving average of $7.00 and a 200-day moving average of $8.82. Cloudera has a 52 week low of $4.89 and a 52 week high of $20.18. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of -7.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 1.37.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The business had revenue of $196.70 million during the quarter, compared to the consensus estimate of $182.31 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The business’s revenue was up 78.3% on a year-over-year basis. Sell-side analysts predict that Cloudera will post -1.04 earnings per share for the current fiscal year.

In other Cloudera news, insider Scott Reasoner sold 24,983 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $5.25, for a total transaction of $131,160.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Carl C. Icahn bought 439,914 shares of the stock in a transaction on 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. Insiders sold a total of 42,931 shares of company stock valued at $252,543 in the last quarter. Insiders own 17.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. acquired a new stake in Cloudera during the 2nd quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Cloudera in the 2nd quarter valued at $51,000. Tower Research Capital LLC TRC boosted its stake in Cloudera by 457.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,985 shares of the company’s stock valued at $63,000 after purchasing an additional 9,835 shares during the period. Spearhead Capital Advisors LLC bought a new stake in Cloudera in the 2nd quarter valued at $65,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Cloudera in the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 67.54% 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.

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