Cloudera, Inc. (CLDR - Free Report) closed at $11.44 in the latest trading session, marking a -1.63% move from the prior day. This change lagged the S&P 500's 0% on the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.21%.
Coming into today, shares of the company had lost 20.4% in the past month. In that same time, the Computer and Technology sector gained 7.39%, while the S&P 500 gained 5.49%.
CLDR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.23, down 35.29% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $188.29 million, up 83.32% from the prior-year quarter.
CLDR's full-year Zacks Consensus Estimates are calling for earnings of -$0.36 per share and revenue of $843.37 million. These results would represent year-over-year changes of +12.2% and +77.27%, respectively.
Any recent changes to analyst estimates for CLDR should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection has moved 9.15% higher. CLDR is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.