Form 8-K Hortonworks, Inc. For: Aug 04

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Go back to Form 8-K Hortonworks, Inc. For: Aug 04

Pacific Crest Downgrades Hortonworks (HDP) to Sector Weight

August 5, 2016 7:01 AM EDT

Pacific Crest downgraded Hortonworks (NASDAQ: HDP) from Overweight to Sector Weight and removed its price target. Analyst Brent Bracelin said its billings shortfall elevates execution risks.

"The $6.2 million billings shortfall, coupled with the departure of the president, adds a significant amount of execution... More