Monness Sticks to Its Hold Rating for Cloudera Inc (CLDR)
Monness analyst Brian White maintained a Hold rating on Cloudera Inc (CLDR) today. The company’s shares closed on Tuesday at $11.59, close to its 52-week low of $10.50.
According to TipRanks.com, White is a top 100 analyst with an average return of 18.4% and a 65.7% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Oracle Corp.
Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $23.30.
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Based on Cloudera Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $26.53 million. In comparison, last year the company had a GAAP net loss of $55.34 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.