Northland Securities analyst Tim Klasell maintained a Buy rating on Cloudera Inc (CLDR) today and set a price target of $12. The company’s shares closed yesterday at $8.80, close to its 52-week low of $8.52.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 18.1% and a 70.2% success rate. Klasell covers the Technology sector, focusing on stocks such as ServiceSource International Inc, Tyler Technologies, and Zix Corporation.
Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.93, a 69.7% upside from current levels. In a report issued on May 30, Nomura also maintained a Buy rating on the stock with a $14 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.
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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.
