In the latest trading session, Cloudera, Inc. (CLDR - Free Report) closed at $10.80, marking a -1.82% move from the previous day. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.03%.
Prior to today's trading, shares of the company had lost 4.01% over the past month. This has lagged the Computer and Technology sector's gain of 4.43% and the S&P 500's gain of 2.89% in that time.
Investors will be hoping for strength from CLDR as it approaches its next earnings release. In that report, analysts expect CLDR to post earnings of -$0.23 per share. This would mark a year-over-year decline of 35.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $188.29 million, up 83.32% from the year-ago period.
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.
Investors might also notice recent changes to analyst estimates for CLDR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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 #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.