Press coverage about Hortonworks (NASDAQ:HDP) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hortonworks earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 48.3472417587443 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.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Hortonworks supports containers and hybrid deployments with 3.0 release (computerworlduk.com)
- Hortonworks Congratulates 2018 Americas Data Heroes Award Winners (finance.yahoo.com)
- Hortonworks cloud options grow via Google, Microsoft, IBM (searchdatamanagement.techtarget.com)
- Hortonworks Announces Data Platform 3.0; Azure, Google, IBM Deals (cbronline.com)
- Hortonworks Data Platform 3.0 Expands Support for Hybrid Deployments, Containerization (dbta.com)
Shares of NASDAQ:HDP traded down $0.28 during trading on Tuesday, reaching $19.60. 31,694 shares of the company’s stock traded hands, compared to its average volume of 1,092,941. Hortonworks has a fifty-two week low of $12.09 and a fifty-two week high of $22.00. The stock has a market capitalization of $1.51 billion, a PE ratio of -6.37 and a beta of 1.43.
Hortonworks (NASDAQ:HDP) last posted its earnings results on Tuesday, May 8th. The software maker reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to analyst estimates of $75.26 million. During the same quarter last year, the business earned ($0.50) earnings per share. Hortonworks’s revenue was up 41.3% on a year-over-year basis. equities research analysts expect that Hortonworks will post -2.14 earnings per share for the current year.
A number of research firms have weighed in on HDP. Credit Suisse Group reiterated a “neutral” rating and set a $24.00 price objective (up previously from $23.00) on shares of Hortonworks in a research note on Friday, March 9th. DA Davidson began coverage on Hortonworks in a research note on Friday, March 9th. They set a “buy” rating and a $24.00 price objective for the company. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Nomura began coverage on Hortonworks in a research note on Thursday, June 14th. They set a “buy” rating and a $26.00 price objective for the company. Finally, ValuEngine lowered Hortonworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Hortonworks presently has a consensus rating of “Buy” and an average price target of $22.87.
In related news, insider Scott Reasoner sold 2,851 shares of Hortonworks stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $17.41, for a total value of $49,635.91. Following the sale, the insider now directly owns 233,181 shares in the company, valued at approximately $4,059,681.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Scott E. Gnau sold 13,750 shares of Hortonworks stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $17.57, for a total value of $241,587.50. Following the completion of the sale, the chief technology officer now owns 368,061 shares in the company, valued at $6,466,831.77. The disclosure for this sale can be found here. Insiders have sold a total of 729,026 shares of company stock worth $13,122,500 over the last 90 days. Insiders own 15.60% of the company’s stock.
Hortonworks Company Profile
Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.
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