Cloudera, Inc. (NYSE:CLDR) Expected to Post Quarterly Sales of $217.29 Million


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Wall Street analysts predict that Cloudera, Inc. (NYSE:CLDR) will report $217.29 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cloudera’s earnings, with the highest sales estimate coming in at $217.50 million and the lowest estimate coming in at $216.90 million. Cloudera posted sales of $210.46 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The business is expected to announce its next quarterly earnings results on Wednesday, June 2nd.

On average, analysts expect that Cloudera will report full-year sales of $919.61 million for the current fiscal year, with estimates ranging from $917.00 million to $925.50 million. For the next fiscal year, analysts expect that the firm will report sales of $1.01 billion, with estimates ranging from $996.80 million to $1.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Cloudera.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Tuesday, March 9th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Cloudera had a negative return on equity of 6.53% and a negative net margin of 20.16%. The business had revenue of $226.56 million for the quarter, compared to analysts’ expectations of $221.43 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year.

Several analysts have issued reports on CLDR shares. Zacks Investment Research cut Cloudera from a “hold” rating to a “sell” rating in a research note on Monday, March 15th. Barclays cut their price objective on Cloudera from $19.00 to $16.00 in a research note on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $13.78.

NYSE CLDR traded up $0.23 on Friday, hitting $12.57. 92,734 shares of the stock traded hands, compared to its average volume of 4,746,393. The stock has a 50-day moving average of $14.25 and a 200 day moving average of $13.08. Cloudera has a twelve month low of $7.19 and a twelve month high of $19.35. The company has a market capitalization of $3.66 billion, a P/E ratio of -21.34 and a beta of 1.25.

In other news, CEO Robert G. Bearden sold 141,800 shares of the company’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $14.34, for a total transaction of $2,033,412.00. Following the completion of the transaction, the chief executive officer now directly owns 634,851 shares of the company’s stock, valued at $9,103,763.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jim Frankola sold 42,476 shares of the stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $18.98, for a total value of $806,194.48. Following the completion of the transaction, the chief financial officer now directly owns 1,253,115 shares of the company’s stock, valued at $23,784,122.70. The disclosure for this sale can be found here. Insiders have sold 629,311 shares of company stock valued at $10,196,363 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in Cloudera by 6.7% in the 4th quarter. First Trust Advisors LP now owns 13,616,581 shares of the company’s stock worth $189,407,000 after buying an additional 857,154 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in Cloudera by 85.3% in the 4th quarter. Vident Investment Advisory LLC now owns 23,328 shares of the company’s stock worth $324,000 after buying an additional 10,736 shares in the last quarter. PenderFund Capital Management Ltd. grew its holdings in Cloudera by 26.2% in the 4th quarter. PenderFund Capital Management Ltd. now owns 368,500 shares of the company’s stock worth $6,525,000 after buying an additional 76,600 shares in the last quarter. Cypress Growth Fund Iii LP bought a new position in Cloudera in the 4th quarter worth approximately $2,928,000. Finally, Equitable Holdings Inc. grew its holdings in Cloudera by 18.0% in the 3rd quarter. Equitable Holdings Inc. now owns 64,270 shares of the company’s stock worth $700,000 after buying an additional 9,815 shares in the last quarter. 74.92% of the stock is owned by institutional investors and hedge funds.

Cloudera Company Profile

Cloudera, Inc offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. The company offers Cloudera DataFlow, a streaming data platform that collects, curates, and analyzes data; Cloudera Data Science Workbench that enables self-service data science for the enterprise; Cloudera Enterprise Data Hub, a solution that allows companies to execute multiple analytic functions against a shared set of governed and secure data; Cloudera Data Warehouse, a data warehouse that provides cloud solution for self-service analytics; Cloudera Operational DB, a solution that enables stream processing and real-time analytics on changing data; Cloudera Data Science and Engineering, which enables users to streamline and scale big data processing; and Hortonworks Data Platform, a data management platform that helps organizations to store, process, and analyze various data assets.

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Earnings History and Estimates for Cloudera (NYSE:CLDR)

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