Shares of Cloudera (NASDAQ:CLDR) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.86.

CLDR has been the subject of several recent analyst reports. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price target (down from $20.00) on shares of Cloudera in a report on Thursday, July 20th. Citigroup Inc. initiated coverage on Cloudera in a report on Tuesday, May 23rd. They issued a “neutral” rating and a $23.00 price target for the company. Bank of America Corporation initiated coverage on Cloudera in a report on Wednesday, May 24th. They issued a “neutral” rating and a $23.00 price target for the company. Stifel Nicolaus initiated coverage on Cloudera in a report on Tuesday, May 23rd. They issued a “buy” rating and a $24.00 price target for the company. Finally, J P Morgan Chase & Co initiated coverage on Cloudera in a report on Tuesday, May 23rd. They issued an “overweight” rating and a $24.00 price target for the company.

Large investors have recently made changes to their positions in the company. Emerald Advisers Inc. PA acquired a new stake in shares of Cloudera during the second quarter valued at about $5,706,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Cloudera during the second quarter valued at about $4,648,000. Peregrine Capital Management LLC acquired a new stake in shares of Cloudera during the second quarter valued at about $12,932,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Cloudera during the second quarter valued at about $276,000. Finally, Spark Investment Management LLC purchased a new position in Cloudera during the second quarter worth about $1,036,000.

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Shares of Cloudera (NASDAQ CLDR) traded up 0.06% during midday trading on Tuesday, reaching $17.32. The company’s stock had a trading volume of 52,188 shares. Cloudera has a 12 month low of $15.40 and a 12 month high of $23.35. The company’s market cap is $2.27 billion. The stock has a 50-day moving average of $16.88 and a 200 day moving average of $18.69.

Cloudera (NASDAQ:CLDR) last announced its quarterly earnings results on Thursday, June 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.09. The business had revenue of $79.60 million during the quarter, compared to the consensus estimate of $75.85 million. On average, analysts predict that Cloudera will post ($1.05) earnings per share for the current fiscal year.

Cloudera Company Profile

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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