In the latest trading session, Cloudera, Inc. (CLDR - Free Report) closed at $13.16, marking a +1.78% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.56%. Meanwhile, the Dow gained 1.77%, and the Nasdaq, a tech-heavy index, added 2.2%.
Coming into today, shares of the company had gained 16.91% in the past month. In that same time, the Computer and Technology sector gained 4.45%, while the S&P 500 gained 6.41%.
CLDR will be looking to display strength as it nears its next 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%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $121.21 million, up 17.17% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.38 per share and revenue of $450.76 million, which would represent changes of +44.93% and +22.68%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CLDR. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually 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 group has a Zacks Industry Rank of 27, putting it in the top 11% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.