Cloudera, Inc. (CLDR - Free Report) closed the most recent trading day at $10.71, moving -0.56% from the previous trading session. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq lost 0.26%.
Coming into today, shares of the company had lost 6.91% in the past month. In that same time, the Computer and Technology sector lost 0.03%, while the S&P 500 lost 0.19%.
Investors will be hoping for strength from CLDR as it approaches its next earnings release. On that day, CLDR is projected to report earnings of -$0.23 per share, which would represent a year-over-year decline of 35.29%. 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.
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. 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.
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. 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 group has a Zacks Industry Rank of 73, putting it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.