In a report issued on June 1, Abhey Lamba from Mizuho Securities maintained a Buy rating on Cloudera Inc (NYSE: CLDR), with a price target of $18. The company’s shares opened today at $17.09.
Lamba said:
“after market close. We think sub-seasonal guidance accounts for potential choppiness in execution in the n- t; however, we remain favorably biased on a potential bookings re-acceleration in F2H as demand trends across the space remain supportive. $18 PT.”
According to TipRanks.com, Lamba is a 5-star analyst with an average return of 15.2% and a 73.0% success rate. Lamba covers the Technology sector, focusing on stocks such as CommVault Systems, Microstrategy Inc, and Ultimate Software.
Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.
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Based on Cloudera Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $43.91 million. In comparison, last year the company had a GAAP net loss of $222 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLDR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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