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Cloudera (CLDR) Looks Good: Stock Adds 5.8% in Session

Zacks

Cloudera, Inc. CLDR was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 31.3% in the past one-month time frame.

The stock gained after the company reported that the leading Chinese producer of sanitation equipment and construction machinery, Zoomlion, has deployed Cloudera Enterprise to meet its growing demands for big data.

The company has seen a mixed track record when it comes to estimate revisions of no increases and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cloudera currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.


Investors interested in the Internet – Software industry may consider Twitter, Inc. TWTR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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