SAN JOSE, Calif. (PRWEB) July 26, 2022 SAN JOSE, Calif. - July 26, 2022 - Acceldata, the market leader in data observability, today announced that it will
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Cloudera Inc. has made recent moves landing it prominently in the news. While that has justifiably captured the interest of shareholders and Wall Street, perhaps more significant is the technological direction of the company going forward.
Cloudera occupies an important place in the enterprise data cloud platform space, with 1,800 customers and quarterly sales of $224 million based on the last financial reporting. The company is being taken private, which will remove Wall Street from the equation for now, and two recent acquisitions offer promise toward a business model focused on opening new market opportunities in the world of software as a service and operational automation.
Markets
Needham analyst Jack Andrews assigned a Hold rating to Cloudera (CLDR – Research Report) today. The company’s shares closed last Wednesday at $12.31.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 24.6% and a 60.4% success rate. Andrews covers the Technology sector, focusing on stocks such as CommVault Systems, LiveRamp Holdings, and Pegasystems.
Cloudera has an analyst consensus of Hold, with a price target consensus of $14.83.
Cloudera’s market cap is currently $3.59B and has a P/E ratio of -22.60. The company has a Price to Book ratio of -892.23.
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