Cloudera Inc (NYSE:CLDR) Expected to Post Earnings of -$0.07 Per Share

Equities research analysts forecast that Cloudera Inc (NYSE:CLDR) will report earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Cloudera’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.06). Cloudera reported earnings per share of ($0.03) during the same quarter last year, which would indicate a negative year-over-year growth rate of 133.3%. The firm is expected to issue its next quarterly earnings results after the market closes on Thursday, December 5th.

On average, analysts expect that Cloudera will report full year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.28) to ($0.25). For the next financial year, analysts forecast that the firm will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.23) to $0.10. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Cloudera.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.02. The business had revenue of $196.70 million during the quarter, compared to analysts’ expectations of $182.31 million. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The company’s revenue for the quarter was up 78.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.08) EPS.

Several analysts have recently commented on the stock. Citigroup increased their price target on shares of Cloudera from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. DA Davidson boosted their target price on shares of Cloudera to $11.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Zacks Investment Research lowered shares of Cloudera from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Barclays reaffirmed a “hold” rating and set a $10.00 price target on shares of Cloudera in a research note on Friday, September 6th. Finally, JMP Securities upgraded shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.69.

In other news, major shareholder Carl C. Icahn acquired 439,914 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Also, CAO Scott Reasoner sold 6,397 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $8.78, for a total value of $56,165.66. Following the transaction, the chief accounting officer now directly owns 102,675 shares of the company’s stock, valued at approximately $901,486.50. The disclosure for this sale can be found here. Insiders sold 14,862 shares of company stock valued at $132,168 in the last ninety days. Corporate insiders own 17.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of CLDR. Icahn Carl C purchased a new position in Cloudera in the 3rd quarter worth about $485,485,000. Metropolitan Life Insurance Co NY lifted its position in shares of Cloudera by 16.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 70,566 shares of the company’s stock valued at $625,000 after acquiring an additional 9,919 shares in the last quarter. Symmetry Peak Management LLC lifted its position in shares of Cloudera by 185.7% in the 3rd quarter. Symmetry Peak Management LLC now owns 100,000 shares of the company’s stock valued at $886,000 after acquiring an additional 65,000 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Cloudera in the 3rd quarter worth approximately $96,000. Finally, Quantum Capital Management acquired a new position in Cloudera in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Shares of CLDR traded down $0.17 on Friday, reaching $9.82. The stock had a trading volume of 2,799,869 shares, compared to its average volume of 3,419,805. The firm has a 50-day moving average of $9.02 and a 200 day moving average of $7.65. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.76 billion, a PE ratio of -8.61 and a beta of 0.90. Cloudera has a twelve month low of $4.89 and a twelve month high of $15.43.

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.

Recommended Story: How Do Investors Open a Backdoor Roth IRA?

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.