Brokerages Expect Cloudera Inc (CLDR) to Post -$0.15 EPS

Analysts expect Cloudera Inc (NYSE:CLDR) to report earnings per share of ($0.15) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Cloudera’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.18). Cloudera reported earnings of ($0.17) per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The business is expected to announce its next earnings results on Thursday, September 6th.

According to Zacks, analysts expect that Cloudera will report full year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.56). For the next financial year, analysts forecast that the firm will report earnings of ($0.43) per share, with EPS estimates ranging from ($0.54) to ($0.36). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Cloudera.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, June 6th. The company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. Cloudera had a negative net margin of 54.93% and a negative return on equity of 64.55%. The company had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $101.52 million. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, June 25th. Stifel Nicolaus lowered their target price on shares of Cloudera from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, April 4th. Deutsche Bank cut shares of Cloudera from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, April 4th. Needham & Company LLC decreased their price objective on shares of Cloudera from $26.00 to $22.00 and set a “positive” rating on the stock in a research note on Wednesday, April 4th. Finally, Morgan Stanley decreased their price objective on shares of Cloudera from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.92.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $15.52, for a total value of $428,646.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael A. Stankey bought 25,000 shares of the business’s stock in a transaction on Monday, April 9th. The stock was bought at an average price of $12.99 per share, for a total transaction of $324,750.00. The disclosure for this purchase can be found here. Insiders sold 193,333 shares of company stock worth $3,113,490 over the last three months. 30.90% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new stake in Cloudera in the first quarter valued at approximately $220,000. Legal & General Group Plc boosted its position in Cloudera by 58.7% in the first quarter. Legal & General Group Plc now owns 37,801 shares of the company’s stock valued at $816,000 after buying an additional 13,975 shares in the last quarter. Contour Asset Management LLC acquired a new stake in Cloudera in the first quarter valued at approximately $36,468,000. Park West Asset Management LLC boosted its position in Cloudera by 21.4% in the first quarter. Park West Asset Management LLC now owns 364,071 shares of the company’s stock valued at $7,857,000 after buying an additional 64,071 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Cloudera in the first quarter valued at approximately $414,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Shares of Cloudera traded up $0.20, hitting $14.06, during mid-day trading on Friday, according to MarketBeat. 88,372 shares of the company’s stock were exchanged, compared to its average volume of 2,553,820. Cloudera has a 52 week low of $12.57 and a 52 week high of $22.42. The stock has a market capitalization of $2.05 billion, a PE ratio of -4.29 and a beta of 0.77.

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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Earnings History and Estimates for Cloudera (NYSE:CLDR)

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