As previously reported, Wells Fargo analyst Philip Winslow downgraded Cloudera to Market Perform from Outperform saying that while CDP is still "a big deal," timing could be longer than he expected. Although his medium- to long-term thesis remains unchanged that CDP will enable Cloudera to differentiate itself from competing Big Data point solution vendors and cloud-only service providers and, therefore, deliver greater than 20% adjusted ARR growth, the analyst now believes that he has been too optimistic in terms of the timing of the potential inflection in customer adoption of CDP. Winslow also lowered his price target on the shares to $12.50 from $20.