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Analysts weigh in on Cloudera's earnings report; shares down 14.8%

Published 06/09/2017, 03:30 PM
© Reuters.  Analysts weigh in on Cloudera's earnings report; shares down 14.8%
  • Cloudera (NYSE:CLDR) shares went on a wild ride this morning after the first post-IPO earnings report. Now analysts weigh in on the results.
  • Mike Murphy for JPMorgan (NYSE:JPM) cut the price target by $4 to $20 but maintained the Overweight rating, calling the billings miss “a blemish.” Billings were reported at $75.2M but expected at $81M.
  • Raymond James analyst Michael Turits kept an Outperform rating and $23 price target and writes that the billings miss was mostly a timing issue and he believes the business is strong and in line with expectations.
  • Cloudera shares are currently down 14.78%.
  • Previously: Cloudera's first quarterly report since IPO (June 9)
  • Now read: Oracle (NYSE:ORCL): Fly Safely


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