Hortonworks (HDP) Announces Quarterly Earnings Results, Hits Expectations
Hortonworks (NASDAQ:HDP) released its quarterly earnings data on Wednesday. The software maker reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24), Bloomberg Earnings reports. The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. The business’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period last year, the business earned ($0.50) earnings per share.
Shares of Hortonworks (NASDAQ:HDP) traded down $0.56 during mid-day trading on Thursday, hitting $18.84. The stock had a trading volume of 929,585 shares, compared to its average volume of 525,615. Hortonworks has a 12-month low of $9.10 and a 12-month high of $22.00. The firm has a market capitalization of $1,330.00, a price-to-earnings ratio of -5.59 and a beta of 1.52.
HDP has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Hortonworks in a research note on Wednesday, December 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Hortonworks in a research note on Tuesday, December 12th. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, November 7th. BidaskClub raised Hortonworks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, Drexel Hamilton reissued a “buy” rating and set a $26.00 price target on shares of Hortonworks in a research note on Monday, November 6th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.92.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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