Hortonworks, Inc. (NASDAQ:HDP):
Hortonworks DataFlow 3.0 Simplifies Development of Streaming Analytics Applications.
The company is up by 0.42 percent from yesterday’s close.
Hortonworks, Inc., launched on April 15, 2011, is a provider and distributor of enterprise-scale data management software platforms. The Business’s product offerings include Hortonworks Data Platform (HDP), Hortonworks Sandbox and Hortonworks DataFlow Platform (HDF). The Company provides support subscription offerings and related professional services for its enterprise-scale Connected Data Platforms, such as HDP and HDF. Its Data at Rest solution, the HDP, is an enterprise-scale data management platform built entirely on open source software, including Apache Hadoop. HDP combines computer servers with local storage and open source software technology to create a distributed compute and storage platform for data sets that is secure and scalable over petabytes of data within thousands of servers or nodes..
Shares are trading at $12.01 which is slightly above the 50 day moving average of $11.96 and which is marginally over the 200 day moving average of $10.16. The 50 day moving average went up $0.00 or -0.02% whereas the 200 day average was up by +17.70%.
As of the last earnings report the EPS was $-4.04 and is expected to be $-1.81 for the current year with 41,367,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.44 and the next full year EPS is anticipated to be $-1.25.
Traders are feeling more bullish on shares of the company recently if you watch the fall in short interest. The firm had a fall in short interest of -18.59% between May 15, 2017 and May 31, 2017. Short interest fell 880,587 over that timeframe. The days to cover increased to 3.4 and the percentage of shorted shares was 0.09% on May 31.
Analysts have issued ratings on HDP recently. On May 25 the company was set at “Neutral” according to a Mizuho report which was a cut from the previous “” rating. Equity analyst Bernstein initiated coverage with a rating of “Outperform”.
On October 14, 2016 the stock rating was rated “Sell” by Goldman Sachs which is down from the previous “Sell” rating. On October 13 the company was changed to a “Sell” in a report from Goldman Sachs down from the previous “Buy” rating.
On July 11, 2016 the stock rating was rated “Buy” according to a DA Davidson report a boost from the previous “Neutral” rating. On June 17 analysts at Northland Securities began coverage by announcing an initial rating of “Buy” and price target of $24.00.