Rosenblatt Securities analyst Marshall Senk initiated coverage with a Hold rating on Cloudera Inc (NYSE: CLDR) on July 9 and set a price target of $17. The company’s shares closed yesterday at $14.79.
According to TipRanks.com, Senk is a 5-star analyst with an average return of 24.6% and a 76.5% success rate. Senk covers the Technology sector, focusing on stocks such as Proofpoint Inc, Salesforce.com, and Carbonite Inc.
Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.
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Based on Cloudera Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $51.04 million. In comparison, last year the company had a GAAP net loss of $222 million.
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Cloudera, Inc. provides enterprise data management solutions for machine learning and advanced analytics. It operates through two segments: Subscription and Services. The company’s products include enterprise, analytical, and operational data hubs, and data science & engineering.
