Mizuho Securities Issues a Hold Rating on Cloudera Inc

By Ryan Adsit

In a report released today, Abhey Lamba from Mizuho Securities assigned a Hold rating to Cloudera Inc (NYSE: CLDR), with a price target of $18. The company’s shares opened today at $15.78, close to its 52-week low of $14.50.

Lamba observed:

“We expect subscription revenue of $76-78mm (up 44-48% Y/Y) vs. guidance of $74-76mm and consensus of $75mm. Total revenue could print around $92-94mm (up 37-40% Y/Y) vs. guidance $90-92mm and consensus of $91mm. For profitability, we expect upside on the back of focused execution; EPS could print toward the upper-end of guidance of ($0.25)-($0.23) which compares with expectations of ($0.24). Lastly, CFFO expectations of a $19mm burn seem reasonable. Click here for our detailed preview and model. Checks indicate recent trends intact. Billings could print around $90-95mm vs. consensus of $88mm. Based on our conversations, we note: 1) very steady discounting activity, which was in-line with the recent past; 2) robust renewal deal flow including some early renewals that could drive n-t billings; 3) intact competitive environment vs. HDP with MapR seemingly marginalized;.”

According to TipRanks.com, Lamba is a 5-star analyst with an average return of 10.9% and a 62.4% success rate. Lamba covers the Technology sector, focusing on stocks such as Black Knight Financial Services, CommVault Systems, and Microstrategy Inc.

Cloudera Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

The company has a one-year high of $23.35 and a one-year low of $14.50. Currently, Cloudera Inc has an average volume of 1.49M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cloudera, Inc. provides enterprise data management solutions for machine learning and advanced analytics. It operates through subscription and services segments. The company’s products include enterprise, analytical, and operational data hubs, and data science & engineering. Cloudera was founded in 2008 by Amr A.