Wedbush Keeps a Hold Rating on Cloudera Inc (CLDR)

In a report released yesterday, Daniel Ives from Wedbush maintained a Hold rating on Cloudera Inc (CLDRResearch Report), with a price target of $17. The company’s shares closed yesterday at $13.01.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.0% and a 54.6% success rate. Ives covers the Technology sector, focusing on stocks such as Tenable Holdings Inc, Citrix Systems, and Benefitfocus.

Currently, the analyst consensus on Cloudera Inc is a Moderate Buy with an average price target of $22.70, implying a 74.5% upside from current levels. In a report issued on December 3, Monness also maintained a Hold rating on the stock.

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Based on Cloudera Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $26.53 million. In comparison, last year the company had a GAAP net loss of $55.34 million.

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Cloudera, Inc. provides enterprise data management solutions for machine learning and advanced analytics. It operates through two segments: Subscription and Services. The company’s products include enterprise, analytical, and operational data hubs, and data science & engineering.

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