Cloudera, Inc. (CLDR) Gains As Market Dips: What You Should Know

Zacks Equity Research
BCB Bancorp (BCBP) delivered earnings and revenue surprises of 7.14% and -2.34%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Cloudera, Inc. (CLDR) closed at $10.76 in the latest trading session, marking a +1.13% move from the prior day. This move outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq lost 0.45%.

Prior to today's trading, shares of the company had lost 2.74% over the past month. This has was narrower than the Computer and Technology sector's loss of 3.84% and lagged the S&P 500's loss of 1.21% in that time.

Investors will be hoping for strength from CLDR as it approaches its next earnings release, which is expected to be June 5, 2019. The company is expected to report EPS of -$0.23, down 35.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $188.29 million, up 83.32% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.36 per share and revenue of $843.37 million. These totals would mark changes of +12.2% and +77.27%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for CLDR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 is currently sporting a Zacks Rank of #3 (Hold).

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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