Monness Maintains Their Hold Rating on Cloudera Inc (CLDR)


Monness analyst Brian White maintained a Hold rating on Cloudera Inc (CLDR) today. The company’s shares closed yesterday at $8.80, close to its 52-week low of $8.52.

According to TipRanks.com, White is a top 25 analyst with an average return of 24.4% and a 71.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

Currently, the analyst consensus on Cloudera Inc is a Moderate Buy with an average price target of $12.87, implying a 46.3% upside from current levels. In a report issued on May 23, Wells Fargo also downgraded the stock to Hold with a $12.50 price target.

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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 $103 million. In comparison, last year the company had a GAAP net loss of $51.04 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.

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. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow (CDF), Hortonworks Data Platform (HDP), and data science workbench. It operates through Subscription, and Services segments.

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