Cloudera, Inc. closed at $9.41 in the latest trading session, marking a -1.52% move from the prior day. This change lagged the S&P 500's daily loss of 0.69%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq lost 0.79%.
Coming into today, shares of the company had lost 14.2% in the past month. In that same time, the Computer and Technology sector lost 7.49%, while the S&P 500 lost 4.53%.
Investors will be hoping for strength from CLDR as it approaches its next earnings release, which is expected to be June 5, 2019. In that report, analysts expect CLDR to post earnings of -$0.23 per share. This would mark a year-over-year decline of 35.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $188.29 million, up 83.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.35 per share and revenue of $843.37 million. These totals would mark changes of +14.63% and +77.27%, respectively, from last year.
Any recent changes to analyst estimates for CLDR should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.44% higher. 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 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow CLDR in the coming trading sessions, be sure to utilize Zacks.com.
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Cloudera, Inc. (CLDR) Dips More Than Broader Markets: What You Should Know
Cloudera, Inc. closed at $9.41 in the latest trading session, marking a -1.52% move from the prior day. This change lagged the S&P 500's daily loss of 0.69%. Elsewhere, the Dow lost 0.87%, while the tech-heavy Nasdaq lost 0.79%.
Coming into today, shares of the company had lost 14.2% in the past month. In that same time, the Computer and Technology sector lost 7.49%, while the S&P 500 lost 4.53%.
Investors will be hoping for strength from CLDR as it approaches its next earnings release, which is expected to be June 5, 2019. In that report, analysts expect CLDR to post earnings of -$0.23 per share. This would mark a year-over-year decline of 35.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $188.29 million, up 83.32% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.35 per share and revenue of $843.37 million. These totals would mark changes of +14.63% and +77.27%, respectively, from last year.
Any recent changes to analyst estimates for CLDR should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.44% higher. 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 96, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow CLDR in the coming trading sessions, be sure to utilize Zacks.com.