BidaskClub cut shares of Cloudera (NASDAQ:CLDR) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Several other research firms have also recently weighed in on CLDR. Raymond James Financial, Inc. initiated coverage on Cloudera in a research note on Tuesday, May 23rd. They set an outperform rating and a $23.00 target price on the stock. J P Morgan Chase & Co reaffirmed an overweight rating and set a $24.00 target price (up previously from $20.00) on shares of Cloudera in a research note on Friday, September 8th. JMP Securities initiated coverage on Cloudera in a research note on Tuesday, May 23rd. They set a market perform rating on the stock. Stifel Nicolaus initiated coverage on Cloudera in a research note on Tuesday, May 23rd. They set a buy rating and a $24.00 target price on the stock. Finally, Deutsche Bank AG initiated coverage on Cloudera in a research note on Tuesday, May 23rd. They set a buy rating and a $25.00 target price on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Cloudera has an average rating of Buy and an average target price of $22.50.

Shares of Cloudera (CLDR) opened at 17.17 on Monday. The company has a 50 day moving average of $18.24 and a 200 day moving average of $18.63. Cloudera has a 52-week low of $15.40 and a 52-week high of $23.35. The firm’s market capitalization is $2.31 billion.

Cloudera (NASDAQ:CLDR) last released its earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.08. The business had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. The firm’s revenue was up 39.2% on a year-over-year basis. On average, analysts anticipate that Cloudera will post ($0.93) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in CLDR. FMR LLC bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $39,867,000. TimesSquare Capital Management LLC bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $36,154,000. Capital World Investors bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $34,057,000. Glynn Capital Management LLC bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $29,774,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Cloudera in the 2nd quarter valued at approximately $18,831,000.

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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