Cloudera (NASDAQ:CLDR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $19.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.92% from the company’s previous close.

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. “

Several other equities research analysts also recently weighed in on CLDR. BidaskClub downgraded Cloudera from a “buy” rating to a “hold” rating in a report on Monday. J P Morgan Chase & Co reissued an “overweight” rating and set a $24.00 price objective (up previously from $20.00) on shares of Cloudera in a report on Friday, September 8th. Stifel Nicolaus assumed coverage on Cloudera in a report on Tuesday, May 23rd. They set a “buy” rating and a $24.00 price objective on the stock. Deutsche Bank AG assumed coverage on Cloudera in a report on Tuesday, May 23rd. They set a “buy” rating and a $25.00 price objective on the stock. Finally, JMP Securities assumed coverage on Cloudera in a report on Tuesday, May 23rd. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cloudera has an average rating of “Buy” and a consensus price target of $22.50.

Shares of Cloudera (NASDAQ CLDR) traded down 1.10% during trading on Tuesday, hitting $17.13. The stock had a trading volume of 703,315 shares. The stock’s market capitalization is $2.30 billion. The stock has a 50 day moving average price of $18.24 and a 200-day moving average price of $18.64. Cloudera has a one year low of $15.40 and a one year high of $23.35.

Cloudera (NASDAQ:CLDR) last released its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.08. The firm 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 predict that Cloudera will post ($0.93) earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC acquired a new position in Cloudera during the 2nd quarter worth about $36,154,000. Emerald Advisers Inc. PA acquired a new position in Cloudera during the 2nd quarter worth about $5,706,000. Emerald Mutual Fund Advisers Trust acquired a new position in Cloudera during the 2nd quarter worth about $4,648,000. Peregrine Capital Management LLC acquired a new position in Cloudera during the 2nd quarter worth about $12,932,000. Finally, Glynn Capital Management LLC acquired a new position in Cloudera during the 2nd quarter worth about $29,774,000.

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Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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