Wall Street brokerages forecast that Cloudera Inc (NYSE:CLDR) will report $98.41 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Cloudera’s earnings, with the lowest sales estimate coming in at $98.00 million and the highest estimate coming in at $98.90 million. The business is expected to issue its next earnings report after the market closes on Tuesday, April 3rd.
According to Zacks, analysts expect that Cloudera will report full year sales of $98.41 million for the current fiscal year, with estimates ranging from $361.99 million to $364.24 million. For the next year, analysts forecast that the firm will post sales of $461.32 million per share, with estimates ranging from $444.67 million to $477.46 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Cloudera.
A number of equities research analysts recently issued reports on CLDR shares. Drexel Hamilton started coverage on Cloudera in a research note on Tuesday, December 19th. They set a “buy” rating for the company. ValuEngine raised Cloudera from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Mizuho raised Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, January 9th. Citigroup raised Cloudera from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Finally, Zacks Investment Research lowered Cloudera from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cloudera presently has an average rating of “Buy” and an average target price of $22.33.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Cloudera by 129.4% during the 4th quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock valued at $263,600,000 after purchasing an additional 9,001,771 shares in the last quarter. Greylock Xii GP LLC purchased a new position in shares of Cloudera in the 4th quarter valued at $111,425,000. TimesSquare Capital Management LLC increased its holdings in shares of Cloudera by 12.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 2,481,732 shares of the company’s stock valued at $40,998,000 after acquiring an additional 271,832 shares during the period. Glynn Capital Management LLC purchased a new position in shares of Cloudera in the 4th quarter valued at $30,703,000. Finally, Two Sigma Investments LP purchased a new position in shares of Cloudera in the 4th quarter valued at $21,473,000. 74.74% of the stock is owned by institutional investors and hedge funds.
Shares of CLDR stock traded down $0.20 during mid-day trading on Wednesday, hitting $20.29. The company had a trading volume of 1,379,377 shares, compared to its average volume of 1,043,982. Cloudera has a 52-week low of $14.50 and a 52-week high of $23.35.
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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.
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