Cloudera, Inc. (NYSE:CLDR) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $16.40–$18.28 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Cloudera. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cloudera currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Cloudera, Inc. Price
A better-ranked stock in the Computer and Technology sector is AppFolio, Inc. (NASDAQ:APPF) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CLDR going up? Or down? Predict to see what others think: Up or Down.
Wall Street’s Next Amazon (NASDAQ:AMZN)
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Cloudera, Inc. (CLDR): Free Stock Analysis Report
Original post
Zacks Investment Research