Brokerages expect that Cloudera, Inc. (NYSE:CLDR) will announce sales of $217.29 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Cloudera’s earnings. The lowest sales estimate is $216.90 million and the highest is $217.50 million. Cloudera reported sales of $210.46 million in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is expected to announce its next earnings results on Wednesday, June 2nd.
According to Zacks, analysts expect that Cloudera will report full-year sales of $919.61 million for the current financial year, with estimates ranging from $917.00 million to $925.50 million. For the next financial year, analysts expect that the firm will report sales of $1.01 billion, with estimates ranging from $996.80 million to $1.02 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cloudera.
Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Tuesday, March 9th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.04. Cloudera had a negative return on equity of 6.53% and a negative net margin of 20.16%. The company had revenue of $226.56 million for the quarter, compared to the consensus estimate of $221.43 million. During the same period last year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Several equities research analysts have recently issued reports on CLDR shares. Barclays lowered their target price on shares of Cloudera from $19.00 to $16.00 in a research note on Thursday, March 11th. Zacks Investment Research lowered shares of Cloudera from a “hold” rating to a “sell” rating in a research note on Monday, March 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.78.
Shares of CLDR stock traded up $0.02 during mid-day trading on Friday, hitting $12.65. 3,410,443 shares of the stock were exchanged, compared to its average volume of 4,695,885. The firm has a fifty day moving average of $14.01 and a 200 day moving average of $13.09. Cloudera has a 52-week low of $7.19 and a 52-week high of $19.35. The company has a market cap of $3.69 billion, a PE ratio of -21.81 and a beta of 1.25.
In related news, CEO Robert G. Bearden sold 141,800 shares of the firm’s stock in a transaction dated Thursday, January 14th. The shares were sold at an average price of $14.34, for a total value of $2,033,412.00. Following the transaction, the chief executive officer now directly owns 634,851 shares of the company’s stock, valued at approximately $9,103,763.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arun Murthy sold 26,956 shares of the firm’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $12.88, for a total transaction of $347,193.28. Following the completion of the transaction, the insider now directly owns 101,257 shares in the company, valued at $1,304,190.16. The disclosure for this sale can be found here. Insiders sold a total of 629,311 shares of company stock worth $10,196,363 over the last ninety days. 16.10% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its stake in Cloudera by 403.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 73,283 shares of the company’s stock worth $82,000 after purchasing an additional 58,723 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Cloudera in the 3rd quarter worth approximately $130,000. Formidable Asset Management LLC lifted its stake in Cloudera by 11.9% in the 3rd quarter. Formidable Asset Management LLC now owns 13,150 shares of the company’s stock worth $143,000 after purchasing an additional 1,400 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in Cloudera in the 3rd quarter worth approximately $143,000. Finally, Truvestments Capital LLC lifted its stake in Cloudera by 10.6% in the 4th quarter. Truvestments Capital LLC now owns 13,996 shares of the company’s stock worth $194,000 after purchasing an additional 1,345 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors and hedge funds.
Cloudera Company Profile
Cloudera, Inc offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. The company offers Cloudera DataFlow, a streaming data platform that collects, curates, and analyzes data; Cloudera Data Science Workbench that enables self-service data science for the enterprise; Cloudera Enterprise Data Hub, a solution that allows companies to execute multiple analytic functions against a shared set of governed and secure data; Cloudera Data Warehouse, a data warehouse that provides cloud solution for self-service analytics; Cloudera Operational DB, a solution that enables stream processing and real-time analytics on changing data; Cloudera Data Science and Engineering, which enables users to streamline and scale big data processing; and Hortonworks Data Platform, a data management platform that helps organizations to store, process, and analyze various data assets.
Further Reading: Different Types of Derivatives
For more information about research offerings from Zacks Investment Research, visit Zacks.com