Hortonworks Inc (HDP) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $14 . Needham advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Hortonworks Inc. Shares were Reiterated by Mizuho on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 18 from a previous price target of $25 .Shares were Reiterated by Wunderlich on Feb 11, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $36 .Hortonworks Inc was Upgraded by Susquehanna to ” Neutral” on Feb 11, 2016.
On the company’s financial health, Hortonworks Inc reported $-0.68 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $-0.68. The company had revenue of $41.30 million for the quarter, compared to analysts expectations of $39.52 million. The company’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.77 EPS.
Hortonworks Inc opened for trading at $12.4 and hit $12.8 on the upside on Wednesday, eventually ending the session at $12.76, with a gain of 2.65% or 0.33 points. The heightened volatility saw the trading volume jump to 12,26,644 shares. Company has a market cap of $722 M.
In a different news, on May 3, 2016, Scott Reasoner (officer ) sold 2,082 shares at $11.81 per share price. According to the SEC, on Apr 29, 2016, Greg Pavlik (Chief Product Officer) sold 1,872 shares at $11.83 per share price. On Apr 22, 2016, Herbert Cunitz (President) sold 13,972 shares at $12.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Hortonworks Inc. is a provider and distributor of an enterprise-grade Hadoop solution called the Hortonworks Data Platform (HDP). The Company’s platform integrates with data center technologies to enable data architectures and enables its customers to collect store process and analyze existing and new data types in a way that augments rather than replaces their existing data center infrastructure. It provides support subscription offerings and related professional services around the HDP which is its open source software distribution of Apache Hadoop and associated projects. Its products include Hortonworks Data Platform and Hortonworks Sandbox. Its range of professional services are training and consulting. It caters to vertical markets including online services education financial services Government healthcare/pharmaceuticals industrials/manufacturing media/entertainment retail/ecommerce technology and telecommunications.