Pacific Crest Downgrades Hortonworks (HDP) to Sector Weight
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/23/2026
Go back to Pacific Crest Downgrades Hortonworks (HDP) to Sector Weight
August 8, 2016 9:03 AM EDT
Rosenblatt initiates coverage on Hortonworks (NASDAQ: HDP) with a Buy rating and a price target of $20.00, suggesting more than 100% upside from current levels. The bullish rating comes following the recent sell-off on weak Q2 earnings.
Analyst Marshall Senk commented, "Hortonworks is uniquely positioned to ride two of the most significant waves in the tech sector today... More
August 5, 2016 7:42 AM EDT
Cowen analyst J. Derrick Wood reiterated an Market Perform rating and cut his price target on Hortonworks (NASDAQ: HDP) to $8.00 (from $11.00) following weak Q2 results and guidance.
Wood commented, "While the 2Q miss/guide-down was labeled as an execution issue that can... More
August 5, 2016 7:36 AM EDT
Needham & Company downgraded Hortonworks (NASDAQ: HDP) from Buy to Hold.
Analyst Richard Kugele commented, " If HDP were another company, with a long track record of execution and delivering on bold goals that require some faith, the relatively minor top and bottomline miss... More
August 4, 2016 4:26 PM EDT
Hortonworks (NASDAQ: HDP) reported Q2 EPS of ($0.72), $0.02 worse than the analyst estimate of ($0.70). Revenue for the quarter came in at $43.6 million versus the consensus estimate of $45.26 million.
GUIDANCE:
Hortonworks sees Q3 2016 revenue of $45 million, versus the consensus of $49.3... More
