|Bid||10.77 x 4000|
|Ask||10.79 x 900|
|Day's Range||10.66 - 11.01|
|52 Week Range||10.07 - 20.18|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.24|
Cloudera, Inc. (CLDR) closed at $10.80 in the latest trading session, marking a -1.82% move from the prior day.
Data analytics products provider Cloudera was climbing nearly 4% Monday after the company was upgraded to outperform from market perform by analysts at Bernstein. The firm noted the company's 20% selloff since its mid-March earnings release makes its valuation attractive, though competitive headwinds are still a concern.
Cloudera (CLDR) announces two edge data management solutions to power IoT developers and architects' data management capabilities.
Cloudera (NYSE:CLDR) stock is in freefall, so the question here is if it's a good time to catch this falling knife. This never ending slide in the stock is strange since on paper, CLDR should be soaring as it the company operates in the new-tech world arena. It provides services to help corporations manage their workloads and data analytics on premises and in the cloud. They even have a subscription model which is all the rage these days. Yet for some reason the stock cannot sustain rallies.Source: craft.co Last October, CLDR merged with Hortonworks and for a brief while investors cheered the move. This was the chance for two smaller competitors to team up so they could better compete against the behemoths like Oracle (NYSE:ORCL) and Microsoft (NASDAQ:MSFT). Unfortunately, the party did not last long and investors resumed selling the stock as it set new lows.Wall Street was once again caught trapped in this persistent selloff. Even the experts were fooled, as back in October, CNBC's expert Jim Cramer heralded the merger move as smart and that CLDR stock was a good stock to own. So far this has not been the case so maybe there are better days ahead.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Problems in CLDR StockThe price action in CLDR has been horrendous. The spike into the merger headline marked the absolute top. Since then it fell 50% from that burst high to the Christmas low. The bulls did battle valiantly, but their efforts were futile. The bounce off the trough failed miserably once more. On Feb. 28, Cloudera stock nose dived 15% in about a week. It then cratered another 20% when they reported their earnings.Clearly Wall Street is not happy with what they saw, as it continues to sell CLDR with conviction. Since their IPO, CLDR stock has been in a descending bearish channel. Every attempt at a breakout from it has failed emphatically. There were moments of exuberance like on the September earnings but the rallies have so far always reversed and set new lows. * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos So to answer the questions if it is time to catch this falling knife, the easy answer is: No.Once it lost the $13.50-per-share level, CLDR triggered a bearish pattern that targeted the all-time lows of around $10 per share. It is now almost there. So it would seem that it is hitting rock bottom. But, a proverbial knife that is falling this consistently is dangerous to catch as it will cost me digits. It often seems like it's a bottom only to turn out to be another trap door waiting to open. Case in point what happened to General Electric (NYSE:GE) stock last year.So what looked like a bottom then turns into a ledge. For CLDR this happened at the $13.50 zone and could happen again here near $10 per share. I cannot guaranty that won't be the bottom, but there is enough doubt so not worth the risk.So when would it be safe to buy it?Ideally I need to see a clear bottoming process. This includes a double bottom of sorts, then a string of higher lows. It would also be best to see a small trend of higher highs before committing long the stock. I accept the risk of waiting too long and missing out on the first few bucks of the bounce.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Bond Funds to Buy for a Shift in Interest Rates * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains Compare Brokers The post Is it Time to Catch the Cloudera Falling Knife? appeared first on InvestorPlace.
SAN FRANCISCO, March 27, 2019 /PRNewswire/ -- STRATA DATA CONFERENCE — Cloudera, Inc., (CLDR), the enterprise data cloud company, today announced two upcoming edge data management software solutions designed to empower Internet of Things (IoT) developers and architects with more powerful controls to gather, transport and manage data-driven insights to and from the edge. The new solutions will include Cloudera Edge Management, an edge management solution for IoT and streaming data, and Cloudera Flow Management, a no-code, high-scale data ingestion, and management solution.
BARCELONA, Spain, March 20, 2019 /PRNewswire/ -- DATAWORKS SUMMIT -- Cloudera, Inc. (CLDR), the enterprise data cloud company, today announced the winners of the 2019 European Data Heroes Awards. The awards recognize Cloudera customers who have significantly transformed their enterprise by adopting modern data architectures across hybrid and multi-cloud, and solve complex data management and analytic use cases that span from the Edge to AI. Each winner exemplified outstanding achievements and real business value derived from data powered by Cloudera technologies.
Stocks that moved substantially or traded heavily on Thursday: Facebook Inc., down $3.20 to $170.17 The company's data-sharing practices are under criminal investigation, according to media reports. Tailored ...
Thursday started off as a boring, choppy session and it ended that way too. In all honesty, it was probably the best thing bulls could have asked for. Extending much higher could cause stocks to become overbought in the short term. So they need to digest through price or through time and, with today's action anyway, it's choosing the latter. That doesn't mean there weren't big movers though. Let's look at some top stock trades. Top Stock Trades for Tomorrow 1: ClouderaDisappointing earnings results from Cloudera (NYSE:CLDR) sent the stock spiraling, down almost 18% on the day. The move thrust CLDR below all of its major moving averages and through all notable levels of support.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy With High ESG Momentum Shares are now in no man's land in my eyes, and we'll need to see how the next few days shape up before touching this one. Should the selling persist or CLDR find itself in a downtrend, $10.50-ish could be the eventual target on the downside. Unfortunately, there are way too many cloud stocks that are doing well to want to be in this one. Top Stock Trades for Tomorrow 2: SnapAn upgrade to buy from BTIG sent shares of Snap (NYSE:SNAP) higher by 11% on Thursday. Save for a few long trades, I've never been a big fan of Snap stock. But over $10.50 and this name is looking much healthier. Below $10.50 and bulls should limit their risk with this one, but over this mark and more upside seems possible. Particularly with a near-14% short interest in this name, a squeeze could propel Snap stock higher. As far as upside targets go, I'd watch for $12 and $12.80, respectively. Top Stock Trades for Tomorrow 3: Bank of AmericaThe other day, I posted several bank stock charts to my Twitter account and with the sector acting well, I'd like to cover them in more depth here. This has been a choppy market, full of sector rotation. If banks gather some momentum, it could trigger a number of breakouts in the group. Starting with Bank of America (NYSE:BAC), shares have been bouncing between $28 support and $29.50 resistance. Now above all of its major moving averages, not yet overbought and with an MACD swinging in bulls' favor, a rally could be in store. BAC needs to push over $29.50 with authority and if it can, a rally into the low-$30s is possible. Keep in mind though, this has been a tricky market with slow moves and tricky fake outs. Top Stock Trades for Tomorrow 4: Goldman SachsGoldman Sachs (NYSE:GS) has a similar setup, chopping between $190 and $200 since mid-January. If we can get a a close over $200, it could accelerate a rally up to the 200-day at $210. Below $190 is trouble. Keep it simple. Top Stock Trades for Tomorrow 5: JPMorganJPMorgan (NYSE:JPM) doesn't have the same setup as BAC or GS, but nonetheless is deserving of some attention. Trending higher and over downtrend resistance (blue line), this name is struggling to breach $106. More so, the 200-day is just overhead at $106.93. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% If we can get a breakout over this area that sticks, a rally to $112 doesn't seem too aggressive. This has been a notable level over the past 12 months. On the downside, a close below uptrend support and/or the 50-day moving average would be a concern. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post 5 Top Stock Trades for Friday: CLDR, Snap and the Banks appeared first on InvestorPlace.
Enterprise data cloud company Cloudera Inc (NYSE: CLDR) on Wednesday reported its first earnings report since closing its acquisition of Hortonworks and disappointed investors with concerning guidance. Raymond James' Michael Turits maintains an Outperform rating on Cloudera with an unchanged $16 price target. Bank of America's Kash Rangan maintains a Neutral rating with a price target lowered from $18 to $16.
was falling more than 14% in trading Thursday after the company provided future guidance that failed to meet Wall Street expectations. This was Cloudera's first earnings release since its $5.2 billion merger with smaller rival Hortonworks became official in January. "Having completed the merger with Hortonworks, we are now squarely focused on delivering a powerful combined, integrated platform purpose-built for enterprise customers," Cloudera CEO Tom Reilly said.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Cloudera, Inc. (NYSE:CLDR) with a market-capitalization of US$3.8b, rarely draw their attention. Despite this, the two otherRead More...
Investing.com - Cloudera plunged Thursday after the software developer reported fourth-quarter earnings that missed expectations and offered a gloomy outlook on future growth.
Cloudera Inc. had some unpleasant surprises for investors in its first results since its merger with rival Hortonworks Inc. but its chief executive said that the melding of the two cloud software application companies was going better and faster than he had expected.
Cloudera (NYSE:CLDR) announced its latest quarterly earnings results and financial outlook for the current fiscal year Wednesday afternoon, yielding mixed results that played a role in CLDR stock plummeting after hours.The Palo Alto, Calif.-based company, which offers a software platform for data services, announced a fourth-quarter loss of $85.5 million, or 45 cents per share. On an adjusted basis, the business tallied a loss of 15 cents per share, 5 cents wider than the loss from the fourth quarter of 2017.Cloudera added that its revenue for the period amounted to $144.5 million, about 36.7% higher than the $105.7 million from the same period a year ago. The Wall Street consensus estimate called for an adjusted loss of 11 cents per share and sales of $121 million, according to data compiled by FactSet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor its fiscal 2019, the software business forecasts an adjusted loss of 32 cents to 36 cents per share, wider than the loss of 26 cents per share that analysts project, per FactSet. Cloudera sees its sales somewhere between $835 million to $855 million, topping the $538.4 million that the FactSet outlook calls for.The company has been in operation since 2008 and it now has more than 3,000 employees. Cloudera's public debut was nearly two years ago.CLDR stock is down more than 12.7% after the bell on Wednesday as a positive fourth-quarter performance was not enough to overturn the disappointment of its 2019 guidance. Shares had been up more than 1.8% during regular trading hours. More From InvestorPlace * 15 Stocks Sitting on Huge Piles of Cash * 5 Airline Stocks In Serious Trouble * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Compare Brokers The post Cloudera Earnings: CLDR Stock Down on Strong EPS, Weak 2019 Outlook appeared first on InvestorPlace.