In a report released today, Ittai Kidron from Oppenheimer maintained a Hold rating on Hortonworks (NASDAQ: HDP). The company’s shares closed yesterday at $18.93.
Kidron observed:
“Hortonworks delivered another respectable quarter, with results ahead of expectations and guidance just ahead as well. Most notable was a second quarter of positive operating cash flow, putting the company on track to achieve its full-year targets. Overall, we continue to be impressed with the company’s execution as its cloud-focused and partnership strategy appears to be paying off. What stands out most is the company’s dedication to improving profitability and achieving operating cash flow, demonstrating a fine balance of growth and spending. Notwithstanding our enthusiasm on the execution and belief that Hortonworks is likely to continue delivering on its plan, we view the shares as fairly valued with minimal room for error amid tough competition. Adjusting estimates for results/guidance. Maintain Perform.”
According to TipRanks.com, Kidron is a top 100 analyst with an average return of 21.0% and a 66.2% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Juniper Networks, and Pure Storage Inc.
Currently, the analyst consensus on Hortonworks is Hold and the average price target is $22.40, representing a 18.3% upside.
In a report issued on April 24, Mizuho Securities also maintained a Hold rating on the stock with a $23 price target.
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Based on Hortonworks’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $42.06 million. In comparison, last year the company had a GAAP net loss of $54.84 million.
Based on the recent corporate insider activity of 116 insiders, corporate insider sentiment is negative on the stock.
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Hortonworks, Inc. specializes in open-source global data management solutions. Its platforms allows enterprises to manage their data on a globally, whether it is data-in-motion or data-at-rest.
