Cloudera (NYSE:CLDR) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-0.12–0.1 for the period, compared to the Thomson Reuters consensus estimate of $-0.14. The company issued revenue guidance of $119-122 million, compared to the consensus revenue estimate of $119.7 million.Cloudera also updated its FY 2019 guidance to $-0.4–0.38 EPS.
Several brokerages recently weighed in on CLDR. Wedbush began coverage on Cloudera in a research note on Thursday, October 18th. They issued a neutral rating and a $17.00 price target on the stock. Rosenblatt Securities raised Cloudera from a neutral rating to a buy rating in a research note on Friday, November 9th. ValuEngine raised Cloudera from a hold rating to a buy rating in a research note on Thursday, November 1st. UBS Group raised Cloudera from a neutral rating to a buy rating in a research note on Friday, November 9th. Finally, BTIG Research began coverage on Cloudera in a research note on Wednesday, September 12th. They issued a buy rating on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cloudera has an average rating of Buy and a consensus price target of $21.67.
Shares of Cloudera stock traded down $0.72 during trading on Wednesday, hitting $11.59. 3,540,171 shares of the company’s stock traded hands, compared to its average volume of 2,881,123. Cloudera has a 1 year low of $10.50 and a 1 year high of $22.42. The stock has a market capitalization of $1.86 billion, a PE ratio of -3.59 and a beta of 1.58.
Cloudera (NYSE:CLDR) last posted its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The company had revenue of $110.30 million for the quarter, compared to the consensus estimate of $107.68 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. Cloudera’s revenue was up 22.8% on a year-over-year basis. As a group, research analysts anticipate that Cloudera will post -1.16 earnings per share for the current fiscal year.
In other Cloudera news, insider Michael Olson sold 27,619 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $18.22, for a total value of $503,218.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 165,714 shares of company stock worth $2,549,234. 30.90% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This news story was posted by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.fairfieldcurrent.com/news/2018/12/06/cloudera-cldr-releases-q4-2019-earnings-guidance.html.
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.
Recommended Story: NASDAQ
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.