Cloudera (NYSE:CLDR) Cut 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 Thursday, 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 equities analysts also recently commented on the company. Bank of America set a $20.00 price target on Fiat Chrysler Automobiles and gave the stock a “hold” rating in a research note on Thursday, June 6th. Craig Hallum decreased their price target on Cloudera from $22.00 to $14.00 and set an “in-line” rating for the company in a research note on Thursday, June 6th. Citigroup set a $86.00 price target on Prologis and gave the stock a “buy” rating in a research note on Thursday, June 6th. Raymond James reiterated a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. Finally, BTIG Research decreased their price target on Cloudera to $10.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.44.

Shares of Cloudera stock traded up $0.03 during trading hours on Thursday, hitting $5.18. 6,192,503 shares of the company’s stock traded hands, compared to its average volume of 5,621,673. The stock has a 50 day moving average of $6.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $1.41 billion, a P/E ratio of -4.54 and a beta of 0.93. Cloudera has a twelve month low of $4.89 and a twelve month high of $20.18.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.24. The company had revenue of $187.50 million during the quarter, compared to the consensus estimate of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The company’s revenue was up 81.2% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, sell-side analysts anticipate that Cloudera will post -0.98 EPS for the current fiscal year.

In related news, Director Kimberly Hammonds sold 7,686 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $5.73, for a total transaction of $44,040.78. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.90% of the company’s stock.

Large investors have recently made changes to their positions in the stock. First Trust Advisors LP purchased a new stake in Cloudera in the fourth quarter valued at $938,000. LPL Financial LLC raised its holdings in shares of Cloudera by 21.2% in the 4th quarter. LPL Financial LLC now owns 12,185 shares of the company’s stock valued at $135,000 after buying an additional 2,135 shares during the period. California Public Employees Retirement System raised its holdings in shares of Cloudera by 579.9% in the 4th quarter. California Public Employees Retirement System now owns 236,600 shares of the company’s stock valued at $2,617,000 after buying an additional 201,800 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Cloudera by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 559,010 shares of the company’s stock valued at $6,183,000 after buying an additional 74,771 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of Cloudera by 134.5% in the 4th quarter. Raymond James & Associates now owns 178,021 shares of the company’s stock valued at $1,969,000 after buying an additional 102,098 shares during the period. 74.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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