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HDP

Hortonworks

$7.46

-1.24 (-14.25%)

06:33
10/13/16
10/13
06:33
10/13/16
06:33

Hortonworks downgraded to Sell from Buy at Goldman

Goldman analyst Jesse Hulsing downgraded Hortonworks two notches to Sell from Buy and lowered its price target to $7 from $13. The analyst his previous thesis of sustained growth from ongong Hadoop adoption and improved efficiency due to higher mix of expansions was wrong. He expects increased competition for new analytics workloads from cloud services vendors will challenge Hortonworks' pure open source business model and is concerned that FY17 Street billings estimates are too high.

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HDP Hortonworks
$7.46

-1.24 (-14.25%)

08/05/16
RHCO
08/05/16
NO CHANGE
RHCO
Hortonworks valuation still attractive, says SunTrust
After Hortonworks' results missed expectations, SunTrust analyst John Rizzuto says that the company still has a "vast opportunity," while its stock is the cheapest in his coverage universe. The analyst thinks that the company can fix its problems within a year. He cut his price target on the shares to $14 from $18 but keeps a Buy rating.
08/05/16
NEED
08/05/16
DOWNGRADE
NEED
Hold
Hortonworks downgraded to Hold at Needham
As previously reported, Needham analyst Richard Kugele downgraded Hortonworks to Hold from Buy following a slight miss in Q2 and lower guidance. The analyst says he is "stepping aside" as the company works through its sales issues.
08/08/16
RSBL
08/08/16
INITIATION
Target $20
RSBL
Buy
Hortonworks initiated with a Buy at Rosenblatt
Rosenblatt analyst Marshall Senk initiated Hortonworks with a Buy and $20 price target saying the combination of high renewal rates and customer revenue growth will serve to drive the P&L toward profitability over the next few years.
09/30/16
COWN
09/30/16
NO CHANGE
COWN
Hortonworks checks 'concerning,' quarter at risk, says Cowen
Cowen analyst J. Derrick Wood said his checks suggest there have been many high-level employee departures at Hortonworks (HDP) and he also thinks that sales productivity is constrained, presenting risk to its quarterly results. Meanwhile, he said that his checks on Teradata (TDC) remain constructive, noting that he is hearing the company is already signing orders for cloud with its core analytical database products now available on AWS. There are "some encouraging data points" for Tableau (DATA), said Wood, who added that he still has more field work to do around its quarter.

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