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Fly News Breaks for March 14, 2019
CLDR
Mar 14, 2019 | 07:06 EDT
Nomura Instinet analyst Christopher Eberle recommends using the post-earnings weakness in shares of Cloudera as a buying opportunity. The Q4 earnings report was "noisy," with purchase accounting, one-time merger costs, and new annual recurring revenue metrics "among the moving pieces," Eberle tells investors in a research note. He views management's outlook as conservative and views their past merger integration experience as favorable. The analyst reiterates a Buy rating on Cloudera with a $20 price target.
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