Cloudera (NASDAQ:CLDR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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 research analysts have also weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Cloudera in a report on Thursday, July 20th. Bank of America Corporation began coverage on Cloudera in a report on Wednesday, May 24th. They issued a “neutral” rating and a $23.00 price objective on the stock. JMP Securities began coverage on Cloudera in a research note on Tuesday, May 23rd. They set a “market perform” rating on the stock. Raymond James Financial, Inc. began coverage on Cloudera in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Stifel Nicolaus began coverage on Cloudera in a research note on Tuesday, May 23rd. They set a “buy” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.86.

Shares of Cloudera (CLDR) traded down 0.06% during trading on Wednesday, hitting $17.29. The company’s stock had a trading volume of 275,625 shares. The stock’s market cap is $2.27 billion. The company has a 50-day moving average price of $16.88 and a 200-day moving average price of $18.69. Cloudera has a one year low of $15.40 and a one year high of $23.35.

Cloudera (NASDAQ:CLDR) last announced its quarterly earnings data on Thursday, June 8th. The company reported ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.09. The business had revenue of $79.60 million during the quarter, compared to analysts’ expectations of $75.85 million. Equities analysts predict that Cloudera will post ($1.05) EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in CLDR. JPMorgan Chase & Co. purchased a new stake in shares of Cloudera during the second quarter valued at approximately $18,831,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Cloudera during the second quarter valued at approximately $190,000. Blume Capital Management Inc. purchased a new stake in shares of Cloudera during the second quarter valued at approximately $135,000. Federated Investors Inc. PA purchased a new stake in shares of Cloudera during the second quarter valued at approximately $4,005,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cloudera during the second quarter valued at approximately $654,000.

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Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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