Cloudera (CLDR) Receives a Hold from Morgan Stanley

In a report released today, Sanjit Singh from Morgan Stanley maintained a Hold rating on Cloudera (CLDRResearch Report), with a price target of $8.00. The company’s shares closed last Monday at $8.26.

According to TipRanks.com, Singh is a 1-star analyst with an average return of -6.4% and a 35.3% success rate. Singh covers the Technology sector, focusing on stocks such as Nuance Communications, Citrix Systems, and Nice-Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Cloudera with a $12.25 average price target, implying a 52.4% upside from current levels. In a report issued on March 11, Needham also maintained a Hold rating on the stock.

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Based on Cloudera’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $212 million and GAAP net loss of $64.29 million. In comparison, last year the company earned revenue of $145 million and had a GAAP net loss of $85.52 million.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLDR in relation to earlier this year.

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Cloudera, Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow (CDF), Hortonworks Data Platform (HDP), and data science workbench. It operates through Subscription, and Services segments. The company was founded in 2008 by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher and is headquartered in Palo Alto, CA.