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Fly News Breaks for March 14, 2019
CLDR
Mar 14, 2019 | 08:03 EDT
DA Davidson analyst Rishi Jaluria lowered his price target on Cloudera to $23 after its Q4 results and the long-awaited glimpse of the company after its acquisition of Hortonworks. The analyst notes that while the outlook for revenue and guidance were weaker than expected, the factors behind the guidance - purchase price accounting, revenue dis-synergies, and billings duration timing - are not fundamentally-driven. Jaluria is keeping his Buy rating on Cloudera given its solid business trends and recommends that investors use the pullback as a buying opportunity.
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