Analysts who follow Cloudera Inc (CLDR) on average expect it to increase 15.22% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns Cloudera Inc an Analyst Ranking of 23, which means it ranks higher than 23 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Cloudera Inc Stock Today?
Cloudera Inc (CLDR) stock is trading at $11.37 as of 10:33 AM on Wednesday, Sep 23, an increase of $0.37, or 3.36% from the previous closing price of $11.00. The stock has traded between $10.87 and $11.38 so far today. Volume today is below average. So far 2,062,328 shares have traded compared to average volume of 5,820,651 shares.
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