Cloudera (CLDR) Price Target Increased to $19.00 by Analysts at Morgan Stanley
Cloudera (NASDAQ:CLDR) had its price objective boosted by Morgan Stanley from $18.00 to $19.00 in a report issued on Friday. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 9.48% from the company’s previous close.
CLDR has been the topic of several other research reports. Bank of America Corporation began coverage on shares of Cloudera in a report on Wednesday, May 24th. They set a “neutral” rating and a $23.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 target price on shares of Cloudera in a research note on Friday. JMP Securities initiated coverage on shares of Cloudera in a research note on Tuesday, May 23rd. They issued a “market perform” rating on the stock. Raymond James Financial, Inc. initiated coverage on shares of Cloudera in a research note on Tuesday, May 23rd. They issued an “outperform” rating and a $23.00 target price on the stock. Finally, BidaskClub raised shares of Cloudera from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.00.
Shares of Cloudera (NASDAQ CLDR) traded down 1.96% on Friday, hitting $20.99. The company’s stock had a trading volume of 2,443,053 shares. The company’s market cap is $2.75 billion. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35. The stock’s 50 day moving average is $18.15 and its 200-day moving average is $18.62.
Cloudera (NASDAQ:CLDR) last released its quarterly earnings data on Thursday, September 7th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.22. The company had revenue of $89.80 million for the quarter, compared to analyst estimates of $85.72 million. Cloudera’s revenue for the quarter was up 39.2% on a year-over-year basis. On average, equities research analysts anticipate that Cloudera will post ($1.05) earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors acquired a new position in Cloudera in the second quarter valued at approximately $131,000. Blume Capital Management Inc. acquired a new position in Cloudera in the second quarter valued at approximately $135,000. The Manufacturers Life Insurance Company acquired a new position in Cloudera in the second quarter valued at approximately $172,000. Cambridge Investment Research Advisors Inc. acquired a new position in Cloudera in the second quarter valued at approximately $190,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Cloudera in the second quarter valued at approximately $190,000.
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