Cloudera (NASDAQ:CLDR) has earned an average rating of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $22.50.

A number of equities analysts recently issued reports on CLDR shares. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Tuesday, September 19th. Stifel Nicolaus restated a “buy” rating and issued a $24.00 target price on shares of Cloudera in a research note on Friday, September 8th. BidaskClub upgraded Cloudera from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. Morgan Stanley raised their target price on Cloudera from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $24.00 target price (up previously from $20.00) on shares of Cloudera in a research note on Friday, September 8th.

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Cloudera (NASDAQ CLDR) traded down 2.35% during mid-day trading on Wednesday, reaching $16.62. The company had a trading volume of 1,966,177 shares. The firm’s market capitalization is $2.19 billion. Cloudera has a 52 week low of $15.40 and a 52 week high of $23.35. The stock’s 50-day moving average price is $18.24 and its 200 day moving average price is $18.63.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC purchased a new position in shares of Cloudera during the 2nd quarter valued at about $39,867,000. TimesSquare Capital Management LLC purchased a new position in shares of Cloudera during the 2nd quarter valued at about $36,154,000. Capital World Investors purchased a new position in shares of Cloudera during the 2nd quarter valued at about $34,057,000. Glynn Capital Management LLC purchased a new position in shares of Cloudera during the 2nd quarter valued at about $29,774,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Cloudera during the 2nd quarter valued at about $18,831,000.

About Cloudera

Analyst Recommendations for Cloudera (NASDAQ:CLDR)

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