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Fly News Breaks for April 8, 2019
CLDR
Apr 8, 2019 | 07:47 EDT
As previously reported, Bernstein analyst Zane Chrane upgraded Cloudera to Outperform from Market Perform given the 20% selloff in the stock since the company reported earnings in mid-March. While the structural competitive headwinds are still a concern, the company should benefit from its merger with Hortonworks, both strategically and on a reported revenue growth-basis, he contends.
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