8.75 +0.01 (0.11%)
After hours: 7:58PM EDT
|Bid||8.71 x 3200|
|Ask||8.67 x 2200|
|Day's Range||8.53 - 8.89|
|52 Week Range||4.89 - 20.18|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.34|
Cloud computing company Cloudera stock soars after beating earnings expectations. Yahoo Finance's Ines Ferre joins Akiko Fujita to discuss.
PALO ALTO, Calif., Sept. 17, 2019 /PRNewswire/ -- Cloudera, Inc., (CLDR), the enterprise data cloud company, today announced the findings of a global research report, created in association with Harvard Business Review Analytic Services, which examines the trends, pain points, and opportunities surrounding Enterprise IT challenges in data analytics and management in a multicloud environment. The report, "Critical Success Factors to Achieve a Better Enterprise Data Strategy in Multicloud Environment," is based on insights from over 150 global business executives representing a wide range of industries, with almost half being organizations with $1 billion or more in revenue.
As tech stocks go, Intel (NASDAQ:INTC) provides investors with potential upside while also providing a reasonable amount of downside protection should the global economy slow. Most InvestorPlace contributors, including myself, consider Intel stock a smart play at this point in the economic cycle. Source: JHVEPhoto / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf you're looking for a stock with a sound balance sheet and healthy free cash flow generation, there aren't many that can compete with INTC stock. Intel Stock Is a Safer PlayAt $53, the Intel stock price has room to move higher. In mid-August, InvestorPlace's Luke Lango suggested three catalysts existed that would move Intel stock to $60 within a few quarters. Since Luke made this call, INTC is up 12% and definitely on the move. * 7 Discount Retail Stocks to Buy for a Recession A few days before Lango's Intel buy recommendation, IP's James Brumley was positive about the company despite the fact it was well behind Advanced Micro Devices (NASDAQ:AMD) when it comes to launching a 7-nanometer processor. In early June, I argued that Intel's free cash flow yield of 6.7% suggested that it was getting closer to value territory. Up almost 20% in the three-and-a-half months since, its free cash flow yield has dropped to 5.4%, a good, if not great FCF yield. All things considered, Intel stock remains a safer play than some of its more volatile competitors. A Hidden Reason to Buy INTC StockFree cash flow and a sound balance sheet are smart reasons to own Intel. However, there's another reason why some investors might consider buying its stock: Cloudera (NYSE:CLDR), the leading enterprise data cloud provider.The California-based company has had a crazy year on the markets. Down 17% year to date through Sept. 12, it has gained back 82% of those losses in the past 90 days, a chunk of it coming in the past week as a result of better-than-expected Q2 earnings. In June, after reporting disappointing Q1 2019 results, CEO Tom Reilly announced his resignation effective July 31. The company has struggled with its $5.2 billion merger with HortonWorks, a combination that gives it more than $700 million in sales and 2,500 customers.What's this got to do with Intel?Intel owns 26.1 million shares of Cloudera, making it one of the company's largest shareholders with 9.3% of its stock. Intel originally invested $742 million in Cloudera in May 2014. With the HortonWorks merger, Intel's ownership stake was diluted down to less than 10%.In the three months ended July 31, Cloudera lost $87 million on $196.7 million in revenue. On a non-GAAP basis, it lost $7.4 million from operations in the quarter, $90 million less than a year earlier on a 16% increase in annualized recurring revenue. In 2020, it expects to lose between 24 cents and 28 cents a share on a non-GAAP basis with as much as $775 million in revenue. While Cloudera has great potential, the fact that it's struggling to make money has made it a difficult stock for analysts to get behind, with just six making it a buy out of 20 covering it. Carl Icahn Likes Intel Stock and ClouderaHowever, the company's troubles have caught the attention of Carl Icahn, who owns more than 18% of its stock. Although Cloudera is losing business to Amazon (NASDAQ:AMZN), Icahn believes that Cloudera stock is undervalued. Currently, Intel's ownership stake is worth much less than Cloudera's $15 IPO price. If you like Cloudera but are nervous about making a bet on it while it's still searching for a permanent CEO, buying Intel stock is a smart way to protect your potential downside. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post The Hidden Reason to Buy Intel Stock appeared first on InvestorPlace.
In addition to its huge losses, terrible business model, and laughable corporate governance, one of the main reasons WeWork is struggling to go public is the dismal performance of other so-called super-unicorn stocks over the past couple of years.
As the number of connected devices is only surging, the amount of data being produced is on the rise. Big data companies want to use the massive volume of information to help enterprises gain actionable insights so that they can make more strategic business decisions. Big data refers to massive data sets that are too large or complex to be dealt with using traditional data-processing software. With Verified Market Research stating that the global big data market is expected to increase from $28.95 billion in 2016 to reach $135.22 billion by 2025, it’s no wonder investors are constantly searching for compelling opportunities within this space. That being said, analysts say that some big data stocks are better positioned for long-term growth than others. Thanks to the TipRanks Stock Screener, we were able to narrow in on 3 big data stocks that are backed by Wall Street analysts. Let’s dive in. Alphabet Inc. (GOOGL)Google has made a name for itself as more than just a search engine. With shares up 15% year-to-date, analysts believe that the tech giant could see even more gains thanks to its big data and analytics product offerings.The company’s latest free open-source software tools, released on September 5, focus on differential privacy or the idea of setting a limit on how much you can learn about specific groups of people in big data sets. “The aim of this is to provide a library of primary algorithms that you could build any type of differential privacy solution on top of,” engineering manager Bryant Gipson said.Adding to its big data product lineup, the company also recently unveiled its Cloud Storage Connector specifically designed for Hadoop big data workloads. Hadoop describes the collection of open-source tools that enable a cluster of computers to solve problems involving large quantities of data. Management believes that its product will not only cut costs but will also increase efficiency when compared to a traditional Hadoop Distributed File System (HDFS). GOOGL’s existing big data analytics products, including the data warehouse BigQuery and real-time data processing service Cloud Dataflow, are already hits among customers. Based on its July 25 Q2 earnings release, the Google Cloud segment reached an annual revenue run rate, the measure of how much revenue the business will generate in the next year assuming there aren’t any significant changes, of more than $8 billion. It hopes to further grow Cloud revenue with its $2.6 billion acquisition of data analytics company Looker, which was announced in June. While GOOGL shares are up year-to-date, Jefferies analyst Brent Thill argues that shares are trading at more than 30% discount to value. As a result, the five-star analyst reiterated his Buy rating and $1,500 price target on September 5. He believes shares could surge 24% over the next twelve months.All in all, the Street is on the same page. 28 Buy ratings vs 4 Holds received in the last three months add up to a ‘Strong Buy’ analyst consensus. Its $1,404 average price target implies 17% upside potential. Cloudera Inc. (CLDR) Cloudera provides enterprises with a scalable, flexible and integrated platform that simplifies the process of managing huge amounts of data. While shares are down 52% since its 2017 IPO, some analysts believe the renewed strength of its big data products will put CLDR back on an upward trajectory.The company was able to post $196.7 million in revenue for Q2 fiscal 2020, which surpassed management’s guidance of $180 million to $183 million. Management attributed this beat to improved subscription and services performance. While expenses did increase from the year-ago quarter, it takes into account its 2018 merger with cloud-based big data management company Hortonworks.As a result of this merger, CLDR was able to develop the new Cloud Data Platform. The product is a hybrid-cloud data analytics platform and features its own on-premises data center software as well as Hortonworks’ technologies. Not to mention Cloudera announced the acquisition of cloud-native and AI-driven analytics company Arcadia Data on September 4. The company expects both the acquisition and the Cloud Data Platform to put CLDR back on track to reach its 20% annualized recurring revenue growth goal. It is also interesting to note that notorious investor Carl Icahn’s 12.6% stake in the company was revealed last month. More recently, Icahn purchased over $2 million worth of Cloudera shares on September 9. JMP Securities analyst Patrick Walravens has also just gotten on board. “We see a number of potential catalysts for Cloudera… most importantly, the phased rollout of the new Cloudera Data Platform, the first milestone of which was achieved last week when the public cloud edition was made available to select customers; this should allow Cloudera to begin to participate in the white-hot market for cloud databases, which Gartner estimates reached $10.5B in 2018, up a staggering 87% year-over-year,” he explained. Based on this, the five-star analyst upgraded the rating to a Buy and set a $12 price target on September 5. He sees 37% upside potential for the big data company. In general, Wall Street is cautiously optimistic about CLDR. It has a ‘Moderate Buy’ analyst consensus and a $10 average price target, indicating 13% upside potential. Splunk Inc. (SPLK)It’s no question that the last big data stock on our list has taken a beating recently, with shares down 15% in the last month. That being said, some analysts are telling investors to buy the dip for SPLNK’s substantial upside potential.Based on the company’s August 21 second quarter earnings release, things are already turning around. Splunk posted an earnings and revenue beat as well as raised its full year guidance thanks to the strength of its cloud business. Management stated that it expects virtually all new software sales to be cloud or term license-based by the end of the year. The company is making a significant investment in expanding its cloud-based product offerings with its acquisition of SignalFx. The acquisition of the cloud-based software company will cost SPLK about $1 billion and will allow the company to offer a flexible and secure way to process large volumes of data. “Data fuels the modern business, and the acquisition of SignalFx squarely puts Splunk in position as a leader in monitoring and observability at massive scale,” said CEO Doug Merritt. This is on top of the unified big data analytics solution it already offers that includes analytics for Hadoop, an ODBC driver to enable connectivity between Splunk and other third-party analytics tools as well as integration with traditional relational databases. All of this lends itself to Rosenblatt Securities analyst Yun Kim’s conclusion that the dip presents a unique buying opportunity. With that in mind, the five-star analyst initiated coverage with a Buy and set a $150 price target on September 9. The price target reflects his confidence in SPLK’s 37% upside potential. Wall Street appears to mirror the analyst’s sentiment. SPLK boasts a ‘Strong Buy’ analyst consensus as well as a $154 average price target, suggesting 41% upside from the current share price. Find analysts’ favorite stocks with the Top Analysts’ Stocks tool
Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of Cloudera, Inc. (CLDR) filed a derivative complaint against the company's officers and directors for breaches of fiduciary duty, unjust enrichment, and waste of corporate assets from April 28, 2017 to the present. Cloudera is a data management and software company. If you suffered a loss as a result of Cloudera's misconduct, click here.
During a talk with TheStreet, Cloudera interim CEO Marty Cole argued that his company's merger with rival Hortonworks gives it the resources to develop an end-to-end platform that neither company could have built on its own.
Cloudera Inc (NYSE: CLDR) shares rallied more than 14% on Thursday after the company reported better-than-expected second-quarter numbers, including a 2 cent EPS loss and $196.7 million in revenue. Wall Street analysts expected a 10-cent EPS loss and $182 million in revenue. Looking ahead, Cloudera also guided for third-quarter revenue of between $187 million and $190 million and an EPS loss of between 6 cents and 8 cents.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Slack Technologies (NYSE: WORK ) shares were ...
Cloudera's (CLDR) second-quarter fiscal 2020 results hurt by higher operating expenses. However, strategic alliances and product development aid top-line growth.
Wall Street analysts saw reason for hope in Wednesday's announcement of second quarter results in which the Palo Alto company reported a narrower loss and showed sales that came in above expectations.
Dow Jones futures rose as Beijing said new China trade talks will take place in early October. The stock market rally is set to clear its recent range.
Cloudera rises after posting a narrower-than-expected fiscal second-quarter loss and stronger revenue amid an increase in subscription users of its cloud-based storage offerings.
Cloudera, Inc. (CLDR) delivered earnings and revenue surprises of 80.00% and 8.35%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Cloudera Inc. rose nearly 10% in the extended session Wednesday after the cloud computing company reported a narrower quarterly loss and sales came in above expectations. Cloudera said it lost $87 million, or 31 cents a share, in the fiscal 2020 second quarter, compared with a loss of $29 million, or 19 cents a share, in the second quarter of fiscal 2019. Adjusted for one-time items, Cloudera lost 2 cents a share in the quarter, compared with a loss of 5 cents a share a year ago. Revenue rose to $196.7 million, from $113 million a year ago. Analysts polled by FactSet had expected an adjusted loss of 10 cents a share on sales of $182 million. Cloudera said it expects an adjusted loss between 28 cents a share and 24 cents a share for fiscal 2020, and revenue for the year to range between $685 million and $695 million. The stock ended the regular trading day up 0.4%.
Cloudera Inc (NYSE: CLDR ) shares are trading higher after reporting a second-quarter earnings beat. Adjusted earnings came in at a loss of 2 cents per share, beating estimates by 8 cents. Sales came in ...
PALO ALTO, Calif., Sept. 4, 2019 /PRNewswire/ -- Cloudera (CLDR), the enterprise data cloud company, today announced that it has agreed to acquire certain assets of Arcadia Data, a provider of cloud-native AI-powered business intelligence and real-time analytics. Arcadia Data's architecture delivers faster and deeper insights from modern data platforms like cloud object stores, Apache Kafka and Apache Hadoop. Arcadia's patent-pending ArcEngine technology enables enterprises to generate insights in use cases like data lakes, cybersecurity, IoT and customer intelligence.
PALO ALTO, Calif. , Sept. 4, 2019 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its second quarter of fiscal year 2020, ended July 31, 2019. Total ...
Cloudera (NYSE: CLDR ) announces its next round of earnings this Wednesday, September 4. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street ...