Cloudera (NYSE:CLDR) Upgraded at JMP Securities

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JMP Securities upgraded shares of Cloudera (NYSE:CLDR) from a market perform rating to an outperform rating in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have $12.00 price objective on the stock.

CLDR has been the topic of several other reports. Bank of America downgraded shares of Cloudera from a neutral rating to an underperform rating in a research report on Thursday, June 6th. Raymond James cut shares of Cloudera from an outperform rating to a market perform rating in a research note on Thursday, June 6th. Needham & Company LLC lowered shares of Cloudera from a strong-buy rating to a hold rating in a report on Thursday, June 6th. Zacks Investment Research lowered shares of Cloudera from a buy rating to a hold rating in a research note on Thursday, July 11th. Finally, DA Davidson dropped their price objective on shares of Cloudera to $9.00 and set a buy rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. Cloudera currently has a consensus rating of Hold and an average target price of $12.45.

NYSE:CLDR traded up $0.52 during mid-day trading on Thursday, hitting $8.80. 18,288,667 shares of the stock traded hands, compared to its average volume of 9,249,181. The business’s 50-day moving average price is $6.61 and its 200 day moving average price is $8.96. The company has a market cap of $2.32 billion, a PE ratio of -7.72 and a beta of 0.77. Cloudera has a 12-month low of $4.89 and a 12-month high of $20.18. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.02. Cloudera had a negative net margin of 46.72% and a negative return on equity of 22.76%. The company had revenue of $196.70 million during the quarter, compared to analysts’ expectations of $182.31 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The firm’s revenue was up 78.3% on a year-over-year basis. Analysts anticipate that Cloudera will post -1.05 earnings per share for the current fiscal year.

In related news, CAO Scott Reasoner sold 7,688 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $6.46, for a total transaction of $49,664.48. Following the completion of the transaction, the chief accounting officer now directly owns 121,206 shares in the company, valued at approximately $782,990.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kimberly Hammonds sold 7,686 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $5.73, for a total value of $44,040.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,617 shares of company stock valued at $296,583. Company insiders own 17.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CLDR. Invesco Ltd. boosted its holdings in Cloudera by 1,472.4% during the 2nd quarter. Invesco Ltd. now owns 8,740,051 shares of the company’s stock valued at $45,972,000 after acquiring an additional 8,184,205 shares during the period. BlackRock Inc. boosted its holdings in Cloudera by 36.0% during the 1st quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock valued at $279,470,000 after acquiring an additional 6,759,290 shares during the period. OppenheimerFunds Inc. boosted its holdings in Cloudera by 174.0% during the 1st quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock valued at $89,927,000 after acquiring an additional 5,220,000 shares during the period. FMR LLC boosted its holdings in Cloudera by 1,507.0% during the 1st quarter. FMR LLC now owns 5,208,982 shares of the company’s stock valued at $56,987,000 after acquiring an additional 4,884,836 shares during the period. Finally, First Trust Advisors LP raised its position in Cloudera by 11,796.8% in the 2nd quarter. First Trust Advisors LP now owns 3,983,636 shares of the company’s stock valued at $20,954,000 after purchasing an additional 3,950,151 shares in the last quarter. Institutional investors own 70.61% of the company’s stock.

About Cloudera

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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Latest News

Cloudera  Stock Rating Reaffirmed by Barclays
Cloudera Stock Rating Reaffirmed by Barclays
Cloudera  Upgraded at JMP Securities
Cloudera Upgraded at JMP Securities
Citigroup Raises Cloudera  Price Target to $8.00
Citigroup Raises Cloudera Price Target to $8.00
JPMorgan Chase & Co. Boosts Cloudera  Price Target to $9.00
JPMorgan Chase & Co. Boosts Cloudera Price Target to $9.00
Nomura Raises Cloudera  Price Target to $10.00
Nomura Raises Cloudera Price Target to $10.00
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