Cloudera, Inc. (CLDR - Free Report) closed at $10.81 in the latest trading session, marking a +1.89% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 0.84%, and the tech-heavy Nasdaq gained 0.97%.
Coming into today, shares of the company had lost 3.55% in the past month. In that same time, the Computer and Technology sector lost 2.6%, while the S&P 500 lost 1.68%.
Wall Street will be looking for positivity from CLDR as it approaches its next earnings report date. This is expected to be June 5, 2019. 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%. Our most recent consensus estimate is calling for quarterly revenue 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 should also note any recent changes to analyst estimates for CLDR. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CLDR currently has a Zacks Rank of #3 (Hold).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.