JMP bullish after Cloudera earnings

|About: Cloudera, Inc. (CLDR)|By:, SA News Editor

JMP Securities upgrades Cloudera (NYSE:CLDR) from Market Perform to Market Outperform with a $12 target, a 66% upside.

Yesterday, Cloudera reported Q2 beats and raised its FY revenue outlook.

Cloudera shares are up 12.8% pre-market to $8.13. The company has a Hold average Sell Side rating.

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