Stay tuned for a sustained reversal in Cloudera

After the initial knee-jerk negative reaction to the earnings report and surprise CEO departure, Cloudera stock has found consistent support at around the $5 level for the past seven trading sessions. On Friday the 14th June a trader made a $182,000 bet that the stock will be above $6.30 by the 2nd August, representing a 20% upside return. Today we see a huge peak in volume and a nice reversal in price action, the stock was extremely oversold so rather than jump in today wait to see if it can have continuation in the coming days.


average analysts price target $8.30
average analysts recommendation Hold
short interest 4.58%
COMPANY PROFILE
Cloudera , Inc. engages in the provision of enterprise-grade, global data management platforms, services and solutions. It offers enterprise data hub, data warehouse, sata science and engineering, operational database, Cloudera DataFlow (CDF), Hortonworks Data Platform ( HDP ), and data science workbench. It operates through Subscription, and Services segments. The company was founded in 2008 by Amr A. Awadallah, Christophe Bisciglia, Michael Olson and Jeffrey Hammerbacher and is headquartered in Palo Alto, CA.