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Fly News Breaks for December 6, 2019
CLDR
Dec 6, 2019 | 09:19 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Cloudera to $13 and kept his Buy rating after its "first solid quarter" in some time, with positive signs coming from its CDP Data Center business. The analyst notes that the company still needs to show re-acceleration in annualized recurring revenue, or ARR, for the stock to "continue to work".
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