Brokerages expect Cloudera (NYSE:CLDR) to post $101.18 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Cloudera’s earnings, with estimates ranging from $101.06 million to $101.30 million. Cloudera reported sales of $79.60 million in the same quarter last year, which indicates a positive year over year growth rate of 27.1%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, June 6th.
According to Zacks, analysts expect that Cloudera will report full year sales of $439.61 million for the current financial year, with estimates ranging from $437.05 million to $440.74 million. For the next financial year, analysts anticipate that the business will report sales of $525.42 million per share, with estimates ranging from $512.39 million to $536.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cloudera.
Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. The business had revenue of $103.50 million for the quarter, compared to the consensus estimate of $98.63 million. Cloudera had a negative net margin of 104.99% and a negative return on equity of 154.35%. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year.
A number of analysts recently weighed in on CLDR shares. Mizuho cut their price target on shares of Cloudera from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Stifel Nicolaus cut their price target on shares of Cloudera from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, April 4th. Needham & Company LLC increased their price target on shares of Cloudera from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, Craig Hallum started coverage on shares of Cloudera in a research report on Monday, May 7th. They issued a “buy” rating and a $20.00 price target on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.27.
In related news, Director Michael A. Stankey bought 25,000 shares of the company’s stock in a transaction on Monday, April 9th. The shares were purchased at an average cost of $12.99 per share, for a total transaction of $324,750.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $14.17, for a total transaction of $391,361.23. The disclosure for this sale can be found here. Insiders have sold a total of 110,476 shares of company stock worth $1,762,921 over the last 90 days.
A number of hedge funds have recently made changes to their positions in CLDR. Glynn Capital Management LLC acquired a new stake in Cloudera during the 4th quarter worth approximately $30,703,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Cloudera by 629.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock valued at $6,760,000 after purchasing an additional 353,109 shares during the last quarter. Hamilton Lane Advisors LLC acquired a new stake in shares of Cloudera in the fourth quarter valued at approximately $1,181,000. S&CO Inc. acquired a new stake in shares of Cloudera in the fourth quarter valued at approximately $432,000. Finally, Strs Ohio raised its holdings in shares of Cloudera by 70.0% in the fourth quarter. Strs Ohio now owns 64,100 shares of the company’s stock valued at $1,058,000 after purchasing an additional 26,400 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.
Shares of NYSE:CLDR traded up $0.41 during mid-day trading on Friday, reaching $16.00. The stock had a trading volume of 1,661,627 shares, compared to its average volume of 2,005,332. The company has a market capitalization of $2.22 billion and a price-to-earnings ratio of -4.95. Cloudera has a twelve month low of $15.53 and a twelve month high of $15.96.
Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.
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.