Back to top

Why Cloudera (CLDR) Stock Might be a Great Pick

Read MoreHide Full Article

One stock that might be an intriguing choice for investors right now is Cloudera, Inc. (CLDR - Free Report) . This is because this security in the Internet - Software space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Internet - Software space as it currently has a Zacks Industry Rank of 24 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Cloudera is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Cloudera, Inc. Price and Consensus

Cloudera, Inc. Price and Consensus | Cloudera, Inc. Quote

In fact, over the past two months, current quarter estimates have narrowed from a loss of 14 cents per share to a loss of 11 cents per share, while current year estimates have narrowed from a loss of 51 cents per share to a loss of 38 cents per share. This has helped CLDR to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Cloudera. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Cloudera, Inc. (CLDR) - free report >>

More from Zacks Tale of the Tape

You May Like