Cloudera (CLDR) Issues FY 2020 Earnings Guidance

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Cloudera (NYSE:CLDR) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $-0.36–0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.25. The company issued revenue guidance of $835-855 million, compared to the consensus revenue estimate of $538.17 million.Cloudera also updated its FY20 guidance to ($0.36)-($0.32) EPS.

Shares of CLDR stock opened at $11.71 on Friday. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -3.63 and a beta of 1.69. Cloudera has a 52 week low of $10.07 and a 52 week high of $22.42.

Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The business had revenue of $144.50 million during the quarter, compared to the consensus estimate of $209.29 million. During the same period last year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. On average, equities analysts forecast that Cloudera will post -0.98 EPS for the current year.

Several research firms have recently issued reports on CLDR. Zacks Investment Research raised shares of Cloudera from a hold rating to a buy rating and set a $15.00 price target on the stock in a research report on Monday, February 18th. Morgan Stanley initiated coverage on shares of Cloudera in a report on Tuesday. They set an equal weight rating and a $16.00 target price on the stock. Northland Securities initiated coverage on shares of Cloudera in a report on Wednesday, January 9th. They set an outperform rating and a $15.00 target price on the stock. Nomura set a $20.00 target price on shares of Cloudera and gave the stock a buy rating in a report on Thursday, December 6th. Finally, Bank of America reaffirmed a neutral rating and set a $18.00 target price (down previously from $22.00) on shares of Cloudera in a report on Thursday, December 6th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $19.44.

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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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