Cloudera (CLDR) Lowered to Hold at Zacks Investment Research

Cloudera (NYSE:CLDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, 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. “

CLDR has been the topic of a number of other reports. Deutsche Bank reduced their price objective on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, March 14th. Wells Fargo & Co started coverage on shares of Cloudera in a research note on Tuesday, January 22nd. They issued an “outperform” rating and a $20.00 price objective on the stock. Needham & Company LLC dropped their target price on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research report on Thursday, March 14th. They noted that the move was a valuation call. Morgan Stanley started coverage on shares of Cloudera in a research report on Tuesday, March 12th. They set an “equal weight” rating and a $16.00 target price on the stock. Finally, Barclays started coverage on shares of Cloudera in a research report on Monday, March 11th. They set an “equal weight” rating and a $16.00 target price on the stock. Seven analysts have rated the stock with a hold rating, eleven have given 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 a consensus target price of $18.81.

Shares of NYSE:CLDR traded up $0.29 during trading on Tuesday, reaching $10.29. The stock had a trading volume of 2,637,975 shares, compared to its average volume of 4,164,847. Cloudera has a 52 week low of $9.94 and a 52 week high of $20.18. The firm has a market cap of $2.69 billion, a P/E ratio of -9.03 and a beta of 1.58.

Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The firm had revenue of $144.50 million during the quarter, compared to the consensus estimate of $209.29 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. As a group, equities analysts expect that Cloudera will post -0.93 EPS for the current year.

In other Cloudera news, Director Michael A. Stankey acquired 10,000 shares of the stock in a transaction on Thursday, March 21st. The shares were purchased at an average price of $11.55 per share, for a total transaction of $115,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert G. Bearden sold 624,934 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The disclosure for this sale can be found here. 30.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Cloudera by 36.0% during the first quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock worth $279,470,000 after buying an additional 6,759,290 shares during the last quarter. Vanguard Group Inc. raised its holdings in Cloudera by 4.9% during the third quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock worth $175,960,000 after buying an additional 468,635 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Cloudera by 174.0% during the first quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock worth $89,927,000 after buying an additional 5,220,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Cloudera by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock worth $61,418,000 after buying an additional 403,344 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in Cloudera by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock worth $36,015,000 after buying an additional 1,573,072 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Cloudera Company Profile

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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