Brokerages Expect Cloudera Inc (CLDR) Will Post Quarterly Sales of $98.33 Million

Equities research analysts expect Cloudera Inc (NYSE:CLDR) to announce $98.33 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cloudera’s earnings. The lowest sales estimate is $98.00 million and the highest is $98.90 million. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Cloudera will report full-year sales of $98.33 million for the current financial year, with estimates ranging from $361.99 million to $364.24 million. For the next year, analysts expect that the firm will post sales of $461.52 million per share, with estimates ranging from $444.67 million to $477.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Cloudera.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Thursday, December 7th. The company reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.07.

Several equities research analysts recently weighed in on CLDR shares. Drexel Hamilton started coverage on Cloudera in a research report on Tuesday, December 19th. They set a “buy” rating on the stock. Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Mizuho upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Monday, January 15th. Finally, Needham & Company LLC started coverage on Cloudera in a research report on Friday, January 12th. They set a “buy” rating and a $22.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.00.

Shares of Cloudera (CLDR) opened at $18.10 on Thursday. Cloudera has a 1 year low of $14.50 and a 1 year high of $23.35. The firm has a market capitalization of $2,560.00 and a P/E ratio of -2.51.

In other Cloudera news, VP Wayne Kimber sold 100,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total value of $1,792,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 105,441 shares of company stock worth $1,886,643 over the last three months.

Institutional investors have recently added to or reduced their stakes in the business. Glynn Capital Management LLC bought a new position in shares of Cloudera during the fourth quarter valued at $30,703,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cloudera by 629.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock valued at $6,760,000 after purchasing an additional 353,109 shares in the last quarter. Hamilton Lane Advisors LLC bought a new position in shares of Cloudera during the fourth quarter valued at $1,181,000. S&CO Inc. bought a new position in shares of Cloudera during the fourth quarter valued at $432,000. Finally, Strs Ohio lifted its holdings in shares of Cloudera by 70.0% during the fourth quarter. Strs Ohio now owns 64,100 shares of the company’s stock valued at $1,058,000 after purchasing an additional 26,400 shares in the last quarter. 37.50% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/15/brokerages-expect-cloudera-inc-cldr-will-post-quarterly-sales-of-98-33-million.html.

Cloudera Company Profile

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.

Get a free copy of the Zacks research report on Cloudera (CLDR)

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

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

Leave a Reply