Cloudera Looks Intriguing on Major Price Erosion
Big data and cloud applications will continue to power technology going forward, as companies search for strategies to power their data. In the small-cap big data segment, a beaten-down stock that offers a great risk-to-reward ratio is Cloudera Inc (NYSE:CLDR). CLDR stock is down 32% this year, including a 16% sell-off over the past month.
Trading at just above its 52-week low of $10.50 and 15% below its initial public offering (IPO) price of $15.00, CLDR stock looks excessively punished by the market.
The current distressed price looks like a bargain, trading nearly 50% below its 52-week high of $22.43.
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Big data and cloud applications will continue to power technology going forward, as companies search for strategies to power their data. In the small-cap big data segment, a beaten-down stock that offers a great risk-to-reward ratio is Cloudera Inc (NYSE:CLDR). CLDR stock is down 32% this year, including a 16% sell-off over the past month.
Trading at just above its 52-week low of $10.50 and 15% below its initial public offering (IPO) price of $15.00, CLDR stock looks excessively punished by the market.
The current distressed price looks like a bargain, trading nearly 50% below its 52-week high of $22.43.
Den vollständigen Artikel lesen ...