Zacks Investment Research Downgrades Cloudera (CLDR) to Hold

Zacks Investment Research downgraded shares of Cloudera (NYSE:CLDR) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

Other research analysts have also recently issued reports about the company. Stifel Nicolaus upped their price objective on Cloudera from $19.00 to $22.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Needham & Company LLC upped their price objective on Cloudera from $22.00 to $23.00 and gave the stock a buy rating in a research report on Thursday, September 6th. DA Davidson raised Cloudera from a neutral rating to a buy rating and set a $27.00 price objective for the company in a research report on Thursday, October 4th. Nomura raised Cloudera from a reduce rating to a buy rating and upped their price objective for the stock from $12.00 to $23.00 in a research report on Thursday, October 4th. Finally, ValuEngine raised Cloudera from a hold rating to a buy rating in a research report on Monday, September 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $21.67.

NYSE:CLDR traded down $1.36 on Tuesday, reaching $12.79. The company’s stock had a trading volume of 5,470,594 shares, compared to its average volume of 3,146,243. Cloudera has a 1-year low of $12.57 and a 1-year high of $22.42. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -3.96 and a beta of 1.67.

Cloudera (NYSE:CLDR) last posted its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The firm had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $107.68 million. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The company’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) earnings per share. As a group, equities analysts expect that Cloudera will post -1.16 earnings per share for the current year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $14.74, for a total value of $407,104.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 165,714 shares of company stock valued at $2,623,805 over the last three months. Insiders own 30.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. bought a new stake in Cloudera in the third quarter valued at approximately $125,000. IFP Advisors Inc increased its stake in shares of Cloudera by 641.5% during the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after purchasing an additional 6,255 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Cloudera during the third quarter worth approximately $140,000. Great West Life Assurance Co. Can bought a new position in shares of Cloudera during the second quarter worth approximately $128,000. Finally, Principal Financial Group Inc. bought a new position in shares of Cloudera during the first quarter worth approximately $220,000. Hedge funds and other institutional investors own 72.49% of the company’s stock.

Cloudera Company Profile

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.

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