Cloudera (CLDR) Trading Down 19.8% After Earnings Miss

Share on StockTwits

Shares of Cloudera Inc (NYSE:CLDR) traded down 19.8% during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $11.55 and last traded at $11.71. 37,665,637 shares were traded during mid-day trading, an increase of 838% from the average session volume of 4,017,291 shares. The stock had previously closed at $14.61.

The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.16). Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The business had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $209.29 million. During the same period in the previous year, the company posted ($0.10) EPS. Cloudera’s revenue for the quarter was up 39.6% on a year-over-year basis.

Several research analysts recently commented on CLDR shares. DA Davidson reduced their price objective on shares of Cloudera to $23.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank reduced their price objective on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating for the company in a research note on Thursday. Needham & Company LLC reduced their price objective on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Thursday. They noted that the move was a valuation call. Morgan Stanley started coverage on shares of Cloudera in a research note on Tuesday. They set an “equal weight” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Nine investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Cloudera presently has an average rating of “Buy” and a consensus price target of $19.44.

Institutional investors have recently modified their holdings of the business. Washington Capital Management Inc. increased its stake in Cloudera by 18.6% during the 4th quarter. Washington Capital Management Inc. now owns 31,900 shares of the company’s stock valued at $353,000 after purchasing an additional 5,000 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new position in Cloudera during the 4th quarter valued at approximately $387,000. Vanguard Group Inc increased its stake in Cloudera by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares in the last quarter. Mondrian Capital Management LLC acquired a new position in Cloudera during the 4th quarter valued at approximately $664,000. Finally, S&CO Inc. increased its stake in Cloudera by 76.4% during the 4th quarter. S&CO Inc. now owns 112,277 shares of the company’s stock valued at $1,242,000 after purchasing an additional 48,642 shares in the last quarter. Institutional investors and hedge funds own 83.05% of the company’s stock.

The company has a market cap of $2.20 billion, a PE ratio of -3.61 and a beta of 1.69.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/4224881/cloudera-cldr-trading-down-19-8-after-earnings-miss.html.

About Cloudera (NYSE:CLDR)

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.

Featured Article: How to trade on quiet period expirations

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.



Latest News

Ameri  Shares Gap Up to $0.40
Ameri Shares Gap Up to $0.40
CorMedix  Trading Down 7.7%
CorMedix Trading Down 7.7%
Sapien Hits 24-Hour Volume of $165.00
Sapien Hits 24-Hour Volume of $165.00
LATOKEN Market Capitalization Tops $26.94 Million
LATOKEN Market Capitalization Tops $26.94 Million
NMI  versus Progressive  Head-To-Head Comparison
NMI versus Progressive Head-To-Head Comparison
Fetch  Market Capitalization Achieves $0.00
Fetch Market Capitalization Achieves $0.00


Leave a Reply

© 2006-2019 Ticker Report