Zacks Investment Research upgraded shares of Cloudera (NYSE:CLDR) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $5.75 target price on the stock.
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 analysts have also recently issued research reports about 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 report on Thursday, June 6th. BTIG Research reduced their price target on Cloudera to $10.00 and set a buy rating for the company in a research report on Thursday, June 6th. They noted that the move was a valuation call. Citigroup set a $86.00 price target on Prologis and gave the stock a buy rating in a research report on Thursday, June 6th. Craig Hallum reduced their price target on Cloudera from $22.00 to $14.00 and set an in-line rating for the company in a research report on Thursday, June 6th. Finally, Wells Fargo & Co lifted their price objective on Iovance Biotherapeutics from $23.00 to $32.00 and gave the stock an outperform rating in a research note on Thursday, May 23rd. One investment 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’s stock. The stock currently has an average rating of Hold and a consensus price target of $12.44.
Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.24. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. The company had revenue of $187.50 million during the quarter, compared to analysts’ expectations of $188.44 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The business’s quarterly revenue was up 81.2% compared to the same quarter last year. As a group, analysts predict that Cloudera will post -0.98 EPS for the current fiscal year.
In other news, Director Kimberly Hammonds sold 7,686 shares of Cloudera stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $5.73, for a total value of $44,040.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.90% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. QS Investors LLC increased its stake in Cloudera by 0.4% during the fourth quarter. QS Investors LLC now owns 188,550 shares of the company’s stock valued at $2,086,000 after acquiring an additional 800 shares during the period. American International Group Inc. increased its stake in Cloudera by 1.7% during the fourth quarter. American International Group Inc. now owns 69,723 shares of the company’s stock valued at $771,000 after acquiring an additional 1,135 shares during the period. New Jersey Better Educational Savings Trust increased its stake in Cloudera by 9.1% during the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the company’s stock valued at $126,000 after acquiring an additional 2,000 shares during the period. LPL Financial LLC increased its stake in Cloudera by 21.2% during the fourth quarter. LPL Financial LLC now owns 12,185 shares of the company’s stock valued at $135,000 after acquiring an additional 2,135 shares during the period. Finally, Optimum Investment Advisors increased its stake in Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock valued at $36,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other institutional investors own 74.56% of the company’s stock.
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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