Zacks Investment Research Lowers Cloudera (NYSE:CLDR) to Sell

Zacks Investment Research downgraded shares of Cloudera (NYSE:CLDR) from a hold rating to a sell rating in a research note issued to investors on Monday, Zacks.com reports.

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. “

Other research analysts have also issued reports about the company. Nomura increased their price objective on Cloudera from $8.00 to $10.00 and gave the stock a buy rating in a research note on Thursday, September 5th. DA Davidson increased their price objective on Cloudera to $11.00 and gave the stock a buy rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. increased their price objective on Cloudera from $8.00 to $9.00 and gave the stock a neutral rating in a research note on Thursday, September 5th. Barclays reiterated a hold rating and set a $10.00 price objective on shares of Cloudera in a research note on Friday, September 6th. Finally, JMP Securities upgraded Cloudera from a market perform rating to an outperform rating and set a $12.00 price objective for the company in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $11.58.

Shares of NYSE CLDR traded up $0.06 during trading hours on Monday, reaching $8.93. The stock had a trading volume of 3,385,325 shares, compared to its average volume of 6,372,754. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37. The business’s fifty day moving average is $8.71 and its two-hundred day moving average is $7.74. Cloudera has a twelve month low of $4.89 and a twelve month high of $15.43. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -7.83 and a beta of 0.81.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.02. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. The firm had revenue of $196.70 million during the quarter, compared to analyst estimates of $182.31 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The business’s revenue for the quarter was up 78.3% compared to the same quarter last year. Sell-side analysts forecast that Cloudera will post -1.05 earnings per share for the current fiscal year.

In other Cloudera news, major shareholder Carl C. Icahn bought 439,914 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Also, CAO Scott Reasoner sold 6,231 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.96, for a total value of $55,829.76. 17.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in shares of Cloudera by 11,796.8% during the second quarter. First Trust Advisors LP now owns 3,983,636 shares of the company’s stock worth $20,954,000 after purchasing an additional 3,950,151 shares during the last quarter. IHT Wealth Management LLC bought a new position in Cloudera in the second quarter valued at about $192,000. Cloverdale Capital Management LLC bought a new position in Cloudera in the second quarter valued at about $7,315,000. Horrell Capital Management Inc. bought a new position in Cloudera in the second quarter valued at about $1,578,000. Finally, Ardsley Advisory Partners LP bought a new position in Cloudera in the second quarter valued at about $3,199,000. Institutional investors own 65.16% of the company’s stock.

Cloudera Company Profile

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

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