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Cloudera (CLDR) closed at $16.82 in the latest trading session, marking a -0.47% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Wall Street will be looking for positivity from CLDR as it approaches its next earnings report date. In that report, analysts expect CLDR to post earnings of $0.11 per share. This would mark year-over-year growth of 175%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $221.05 million, up 4.41% from the year-ago period.
Any recent changes to analyst estimates for CLDR should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CLDR currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, CLDR is holding a Forward P/E ratio of 36.94. Its industry sports an average Forward P/E of 86.23, so we one might conclude that CLDR is trading at a discount comparatively.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Cloudera, Inc. (CLDR) : Free Stock Analysis Report
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