Wedbush analyst Daniel Ives maintained a Hold rating on Cloudera Inc (NYSE: CLDR) today and set a price target of $17. The company’s shares opened today at $13.14, close to its 52-week low of $12.57.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.4% and a 58.6% success rate. Ives covers the Technology sector, focusing on stocks such as Tenable Holdings Inc, Citrix Systems, and Nice-Systems.
Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $22.45.
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Based on Cloudera Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $33.38 million. In comparison, last year the company had a GAAP net loss of $64.23 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.
