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

Zacks Equity Research

In the latest trading session, Cloudera, Inc. (CLDR) closed at $13.73, marking a -0.65% move from the previous day. This change lagged the S&P 500's daily gain of 0.18%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.03%.

Heading into today, shares of the company had gained 8.05% over the past month, outpacing the Computer and Technology sector's gain of 5.62% and the S&P 500's gain of 4.28% in that time.

Investors will be hoping for strength from CLDR as it approaches its next earnings release, which is expected to be March 13, 2019. In that report, analysts expect CLDR to post earnings of -$0.11 per share. This would mark a year-over-year decline of 10%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $121.21 million, up 17.17% from the year-ago period.

Investors might also notice recent changes to analyst estimates for CLDR. 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.

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Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. CLDR currently has 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 25, which puts it in the top 10% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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