Cloudera (NYSE:CLDR) issued an update on its fourth quarter 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $-0.12–0.1 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.14. The company issued revenue guidance of $119-122 million, compared to the consensus revenue estimate of $119.7 million.Cloudera also updated its FY 2019 guidance to $-0.4–0.38 EPS.

CLDR traded down $0.72 on Wednesday, hitting $11.59. 3,540,171 shares of the company traded hands, compared to its average volume of 2,881,123. The company has a market cap of $1.86 billion, a PE ratio of -3.59 and a beta of 1.58. Cloudera has a 12-month low of $10.50 and a 12-month high of $22.42.

Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The firm had revenue of $110.30 million during the quarter, compared to the consensus estimate of $107.68 million. During the same period in the prior year, the business earned ($0.17) EPS. The firm’s revenue was up 22.8% compared to the same quarter last year. Analysts predict that Cloudera will post -1.16 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the company. ValuEngine cut Cloudera from a buy rating to a hold rating in a report on Wednesday, November 21st. Rosenblatt Securities upgraded Cloudera from a neutral rating to a buy rating in a report on Friday, November 9th. UBS Group upgraded Cloudera from a neutral rating to a buy rating in a report on Friday, November 9th. Zacks Investment Research cut Cloudera from a buy rating to a hold rating in a report on Tuesday, November 6th. Finally, Needham & Company LLC upgraded Cloudera from a buy rating to a strong-buy rating and upped their price target for the stock from $23.00 to $31.00 in a report on Monday, November 5th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $21.67.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $18.22, for a total transaction of $503,218.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 165,714 shares of company stock worth $2,549,234. 30.90% of the stock is owned by insiders.

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Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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Earnings History and Estimates for Cloudera (NYSE:CLDR)

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