Hortonworks Inc (HDP) is Downgraded by Mizuho to Neutral, Lowers Price Target to $ 10

Hortonworks Inc (HDP) was Downgraded by Mizuho to ” Neutral” while Lowering the Price Target of the company shares to $ 10 from a previous price target of $18 . Earlier the firm had a rating of “Buy ” on the company shares. Mizuho advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Hortonworks Inc. Hortonworks Inc was Downgraded by Needham to ” Hold” on Aug 5, 2016. Hortonworks Inc was Downgraded by Pacific Crest to ” Sector Weight” on Aug 5, 2016. DA Davidson Upgraded Hortonworks Inc on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $13.

On the company’s financial health, Hortonworks Inc reported $-0.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.68. The company had revenue of $43.64 million for the quarter, compared to analysts expectations of $45.24 million. The company’s revenue was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.82 EPS.

Hortonworks Inc closed down -0.06 points or -0.47% at $12.63 with 13,39,954 shares getting traded on Thursday. Post opening the session at $12.62, the shares hit an intraday low of $12.36 and an intraday high of $12.765 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Aug 4, 2016, Scott Davidson (Chief Financial Officer) sold 5,477 shares at $12.44 per share price. According to the SEC, on Aug 4, 2016, Scott Reasoner (officer ) sold 2,594 shares at $12.44 per share price. On Jun 13, 2016, Herbert Cunitz (President) sold 8,523 shares at $10.87 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.

Hortonworks Inc

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