Cloudera (CLDR) Earns Neutral Rating from Analysts at Mizuho
Equities research analysts at Mizuho assumed coverage on shares of Cloudera (NASDAQ:CLDR) in a research note issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the stock.
A number of other research analysts also recently commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $20.00) on shares of Cloudera in a research report on Thursday, July 20th. BidaskClub raised shares of Cloudera from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $24.00 price objective (up from $20.00) on shares of Cloudera in a research report on Friday, September 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective on shares of Cloudera in a research report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cloudera presently has a consensus rating of “Hold” and an average price target of $22.50.
Cloudera (CLDR) traded down 3.25% during trading on Wednesday, reaching $15.78. 1,688,323 shares of the company’s stock were exchanged. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35. The company’s 50 day moving average price is $18.02 and its 200-day moving average price is $18.40. The stock’s market capitalization is $2.07 billion.
Cloudera (NASDAQ:CLDR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.08. The company had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. The firm’s revenue was up 39.2% compared to the same quarter last year. On average, equities analysts expect that Cloudera will post ($0.93) EPS for the current year.
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In other Cloudera news, Director Ping Li sold 6,528,862 shares of Cloudera stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total value of $103,090,730.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Greylock Xii Gp Llc sold 3,575,098 shares of Cloudera stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $56,450,797.42. The disclosure for this sale can be found here.
Several institutional investors have recently modified their holdings of CLDR. Peregrine Capital Management LLC acquired a new stake in shares of Cloudera in the second quarter worth $12,932,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Cloudera in the second quarter worth $276,000. Spark Investment Management LLC acquired a new stake in shares of Cloudera in the second quarter worth $1,036,000. Emerald Advisers Inc. PA acquired a new stake in shares of Cloudera in the second quarter worth $5,706,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Cloudera in the second quarter worth $4,648,000.
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