Cloudera (CLDR) PT Lowered to $23.00 at DA Davidson

Cloudera (NYSE:CLDR) had its price target decreased by DA Davidson to $23.00 in a research note released on Thursday, The Fly reports. DA Davidson currently has a buy rating on the stock.

CLDR has been the topic of a number of other research reports. Zacks Investment Research raised Cloudera from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, February 18th. Northland Securities began coverage on Cloudera in a report on Wednesday, January 9th. They set an outperform rating and a $15.00 price objective for the company. Deutsche Bank decreased their price objective on Cloudera from $15.00 to $13.00 and set a hold rating for the company in a report on Thursday. Bank of America reiterated a neutral rating and set a $18.00 price objective (down from $22.00) on shares of Cloudera in a report on Thursday, December 6th. Finally, Wells Fargo & Co began coverage on Cloudera in a report on Tuesday, January 22nd. They set an outperform rating and a $20.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $19.44.

NYSE CLDR opened at $11.67 on Thursday. The stock has a market cap of $2.20 billion, a PE ratio of -3.61 and a beta of 1.69. Cloudera has a one year low of $10.07 and a one year high of $22.42.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). The business had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. Research analysts forecast that Cloudera will post -0.98 EPS for the current year.

A number of hedge funds have recently bought and sold shares of CLDR. Bank of New York Mellon Corp grew its stake in Cloudera by 26.9% in the second quarter. Bank of New York Mellon Corp now owns 426,651 shares of the company’s stock valued at $5,820,000 after purchasing an additional 90,477 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Cloudera by 217.9% in the third quarter. Russell Investments Group Ltd. now owns 186,206 shares of the company’s stock valued at $3,284,000 after purchasing an additional 127,627 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Cloudera by 30.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 42,102 shares of the company’s stock valued at $743,000 after purchasing an additional 9,925 shares in the last quarter. SG Americas Securities LLC bought a new position in Cloudera in the third quarter valued at approximately $1,138,000. Finally, JPMorgan Chase & Co. grew its stake in Cloudera by 13.1% in the third quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock valued at $61,418,000 after purchasing an additional 403,344 shares in the last quarter. Hedge funds and other institutional investors own 83.05% 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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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