Brokerages expect Cloudera Inc (NYSE:CLDR) to post $113.62 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Cloudera’s earnings, with the highest sales estimate coming in at $113.81 million and the lowest estimate coming in at $113.50 million. Cloudera posted sales of $94.57 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.1%. The company is scheduled to announce its next earnings report on Thursday, December 6th.
According to Zacks, analysts expect that Cloudera will report full year sales of $447.26 million for the current financial year, with estimates ranging from $445.00 million to $452.23 million. For the next financial year, analysts expect that the business will report sales of $538.39 million, with estimates ranging from $526.28 million to $549.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Cloudera.
Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $110.30 million for the quarter, compared to the consensus estimate of $107.68 million. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) EPS.
CLDR has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on Cloudera from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Needham & Company LLC boosted their price objective on Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, June 25th. DA Davidson upgraded Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, October 4th. Finally, Nomura raised Cloudera from a “reduce” rating to a “buy” rating and lifted their target price for the company from $12.00 to $23.00 in a research note on Thursday, October 4th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Cloudera currently has an average rating of “Buy” and an average target price of $21.43.
NYSE CLDR opened at $15.51 on Friday. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of -4.80 and a beta of 0.72. Cloudera has a 1 year low of $12.57 and a 1 year high of $22.42.
In other Cloudera news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $18.22, for a total transaction of $503,218.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 165,714 shares of company stock worth $2,630,710. Company insiders own 30.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Cloudera in the 1st quarter valued at approximately $138,000. Great West Life Assurance Co. Can bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $128,000. Principal Financial Group Inc. bought a new stake in shares of Cloudera in the 1st quarter valued at approximately $220,000. Bessemer Group Inc. grew its stake in shares of Cloudera by 290.4% in the 2nd quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock valued at $143,000 after buying an additional 7,798 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $147,000. 72.24% of the stock is owned by institutional investors and hedge funds.
Cloudera Company Profile
Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.
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