Cloudera (NYSE:CLDR) Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Cloudera (NYSE:CLDR) from a hold rating to a sell rating in a research report released on Monday morning, Zacks.com 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. “

A number of other brokerages also recently weighed in on CLDR. JMP Securities upgraded Cloudera from a market perform rating to an outperform rating and set a $12.00 target price on the stock in a report on Thursday, September 5th. Citigroup upped their target price on Cloudera from $7.50 to $8.00 and gave the company a neutral rating in a report on Thursday, September 5th. ValuEngine upgraded Cloudera from a buy rating to a strong-buy rating in a report on Wednesday, October 2nd. DA Davidson upped their target price on Cloudera to $11.00 and gave the company a buy rating in a report on Wednesday, September 25th. Finally, Barclays reiterated a hold rating and issued a $10.00 target price on shares of Cloudera in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $11.58.

NYSE CLDR traded up $0.06 on Monday, hitting $8.93. 3,385,325 shares of the company were exchanged, compared to its average volume of 6,372,754. The company’s 50 day moving average price is $8.71 and its 200-day moving average price is $7.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $2.45 billion, a P/E ratio of -7.83 and a beta of 0.81. Cloudera has a twelve month low of $4.89 and a twelve month high of $15.43.

Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.02. The firm had revenue of $196.70 million for the quarter, compared to the consensus estimate of $182.31 million. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The business’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.08) EPS. As a group, equities analysts expect that Cloudera will post -1.05 EPS for the current year.

In other news, major shareholder Carl C. Icahn purchased 439,914 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $5.00 per share, with a total value of $2,199,570.00. Also, CAO Scott Reasoner sold 6,231 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $8.96, for a total value of $55,829.76. 17.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC bought a new stake in shares of Cloudera in the 3rd quarter valued at approximately $91,000. D.A. Davidson & CO. grew its stake in shares of Cloudera by 6.7% in the 3rd quarter. D.A. Davidson & CO. now owns 32,000 shares of the company’s stock valued at $284,000 after buying an additional 2,000 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of Cloudera in the 3rd quarter valued at approximately $4,288,000. SG Americas Securities LLC bought a new stake in shares of Cloudera in the 3rd quarter valued at approximately $229,000. Finally, First Trust Advisors LP grew its stake in shares of Cloudera by 14.7% in the 3rd quarter. First Trust Advisors LP now owns 4,570,458 shares of the company’s stock valued at $40,494,000 after buying an additional 586,822 shares in the last quarter. 65.16% of the stock is owned by institutional investors and hedge funds.

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 Article: What does an equal weight rating mean?

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

Analyst Recommendations for Cloudera (NYSE:CLDR)

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.