News coverage about Hortonworks (NASDAQ:HDP) has been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hortonworks earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 43.5326072393324 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Hortonworks turns cash flow-positive as customers sign bigger deals (siliconangle.com)
- Hortonworks Reports Fourth Quarter and 2017 Annual Revenue (finance.yahoo.com)
- Hortonworks Inc (HDP) Insider Shaun Connolly Sells 7,102 Shares (americanbankingnews.com)
- Hortonworks (HDP) Posts Earnings Results, Meets Expectations (americanbankingnews.com)
- Hortonworks Earnings Preview (finance.yahoo.com)
A number of equities analysts recently commented on HDP shares. Barclays cut Hortonworks from an “overweight” rating to an “equal weight” rating and set a $22.00 price target for the company. in a report on Monday, January 8th. Mizuho reiterated a “buy” rating and set a $23.00 price target (up previously from $14.00) on shares of Hortonworks in a report on Thursday, January 11th. Drexel Hamilton reiterated a “buy” rating and set a $26.00 price target on shares of Hortonworks in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Hortonworks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, November 7th. Finally, Credit Suisse Group downgraded shares of Hortonworks from an “outperform” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.92.
Hortonworks (NASDAQ HDP) traded down $1.69 during midday trading on Friday, hitting $17.15. 2,848,885 shares of the stock were exchanged, compared to its average volume of 528,416. Hortonworks has a 52 week low of $9.10 and a 52 week high of $22.00. The firm has a market capitalization of $1,209.62, a P/E ratio of -5.51 and a beta of 1.52.
Hortonworks (NASDAQ:HDP) last released its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.24). The business had revenue of $75.01 million during the quarter, compared to analyst estimates of $70.44 million. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. research analysts predict that Hortonworks will post -2.48 EPS for the current year.
In other Hortonworks news, CEO Robert G. Bearden sold 148,899 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $18.75, for a total transaction of $2,791,856.25. Following the completion of the transaction, the chief executive officer now directly owns 2,054,076 shares in the company, valued at $38,513,925. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shaun Connolly sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $18.23, for a total transaction of $37,973.09. Following the transaction, the insider now owns 366,988 shares of the company’s stock, valued at $6,690,191.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 724,276 shares of company stock valued at $14,124,184. 22.50% of the stock is owned by company insiders.
Hortonworks Company Profile
Hortonworks, Inc is a provider and distributor of enterprise-scale data management software platforms. The Company’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). It provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF.
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