In the latest trading session, Cloudera, Inc. (CLDR - Free Report) closed at $13.74, marking a -0.83% move from the previous day. This change lagged the S&P 500's daily gain of 0.3%. At the same time, the Dow added 0.46%, and the tech-heavy Nasdaq gained 0.08%.
Heading into today, shares of the company had gained 16.19% over the past month, outpacing the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% 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. The company is expected to report EPS of -$0.11, down 10% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $121.21 million, up 17.17% from the year-ago period.
It is also important to note the recent changes to analyst estimates for CLDR. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.