In the latest trading session, Cloudera, Inc. (CLDR - Free Report) closed at $10.83, marking a -0.09% move from the previous day. This change lagged the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq added 0.21%.
Heading into today, shares of the company had gained 1.59% over the past month, lagging the Computer and Technology sector's gain of 5.87% and the S&P 500's gain of 4.65% in that time.
CLDR will be looking to display strength as it nears 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.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.36 per share and revenue of $843.37 million, which would represent changes of +12.2% and +77.27%, respectively, from the prior year.
Any recent changes to analyst estimates for CLDR should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. CLDR is holding a Zacks Rank of #2 (Buy) right now.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 26, which puts 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.
To follow CLDR in the coming trading sessions, be sure to utilize Zacks.com.