Analysts Anticipate Hortonworks Inc (HDP) Will Announce Quarterly Sales of $70.51 Million

Wall Street analysts expect Hortonworks Inc (NASDAQ:HDP) to report $70.51 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hortonworks’ earnings. The lowest sales estimate is $70.10 million and the highest is $70.86 million. Hortonworks reported sales of $51.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 35.7%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Hortonworks will report full-year sales of $70.51 million for the current fiscal year, with estimates ranging from $256.90 million to $257.66 million. For the next fiscal year, analysts forecast that the company will report sales of $338.69 million per share, with estimates ranging from $321.36 million to $353.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Hortonworks.

HDP has been the subject of a number of research analyst reports. BidaskClub cut Hortonworks from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, November 7th. Mizuho reissued a “hold” rating and set a $14.00 price target on shares of Hortonworks in a report on Thursday, November 2nd. Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Hortonworks in a report on Thursday, October 19th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $23.00 price target on shares of Hortonworks in a report on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $21.92.

In related news, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.23, for a total transaction of $37,973.09. Following the sale, the insider now owns 366,988 shares in the company, valued at approximately $6,690,191.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Davidson sold 16,307 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $18.00, for a total value of $293,526.00. Following the sale, the insider now owns 1,056,504 shares in the company, valued at approximately $19,017,072. The disclosure for this sale can be found here. Insiders have sold a total of 733,481 shares of company stock worth $14,281,210 in the last 90 days. 22.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elk Creek Partners LLC bought a new stake in shares of Hortonworks in the 3rd quarter valued at about $3,152,000. State Street Corp grew its position in shares of Hortonworks by 8.8% in the 2nd quarter. State Street Corp now owns 779,256 shares of the software maker’s stock valued at $10,036,000 after buying an additional 62,903 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Hortonworks by 66.7% in the 3rd quarter. Citadel Advisors LLC now owns 266,820 shares of the software maker’s stock valued at $4,523,000 after buying an additional 106,777 shares during the last quarter. Commonwealth Equity Services Inc bought a new stake in shares of Hortonworks in the 3rd quarter valued at about $1,333,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Hortonworks in the 3rd quarter valued at about $420,000. Hedge funds and other institutional investors own 57.47% of the company’s stock.

Hortonworks (NASDAQ HDP) opened at $18.98 on Tuesday. Hortonworks has a fifty-two week low of $9.10 and a fifty-two week high of $22.00.

ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Hortonworks Inc (HDP) Will Announce Quarterly Sales of $70.51 Million” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/06/analysts-anticipate-hortonworks-inc-hdp-will-announce-quarterly-sales-of-70-51-million.html.

About Hortonworks

Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.

Get a free copy of the Zacks research report on Hortonworks (HDP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hortonworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hortonworks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply