In a report released today, Brian White from Monness maintained a Hold rating on Cloudera Inc (CLDR). The company’s shares closed on Friday at $9.17, close to its 52-week low of $9.03.
According to TipRanks.com, White is a top 25 analyst with an average return of 24.1% and a 71.9% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudera Inc with a $16.96 average price target, which is an 85.0% 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 January 31, the company reported a quarterly GAAP net loss of $85.52 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.
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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.
