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

In the latest trading session, Cloudera, Inc. (CLDR) closed at $13.05, marking a +1.71% move from the previous day. This move outpaced the S&P 500's daily gain of 0.14%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq added 0.68%.

Prior to today's trading, shares of the company had gained 16.64% over the past month. This has outpaced the Computer and Technology sector's gain of 8.09% and the S&P 500's gain of 9.43% in that time.

CLDR will be looking to display strength as it nears its nex t earnings release, which is expected to be April 2, 2019. On that day, CLDR is projected to report earnings of -$0.11 per share, which would represent a year-over-year decline of 10%. Our most recent consensus estimate is calling for quarterly revenue of $121.21 million, up 17.17% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.38 per share and revenue of $450.76 million. These totals would mark changes of +44.93% and +22.68%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for CLDR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CLDR currently has a Zacks Rank of #1 (Strong Buy).

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our 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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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