Cloudflare Inc [NET] stock prices are down -0.78% to $97.48 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NET shares have gain 2.51% over the last week, with a monthly amount glided 15.63%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, Cloudflare Appoints Mark Anderson as President of Revenue. In a post published today on Yahoo Finance, Industry veteran with proven track record of scaling revenue across multiple enterprise technology companies to accelerate next chapter of growth.
From an analyst’s perspective:
Cloudflare Inc [NYSE: NET] stock has seen the most recent analyst activity on February 13, 2024, when DZ Bank downgraded its rating to a Hold but kept the price target unchanged to $110 for it. On January 18, 2024, Bernstein initiated with a Mkt Perform rating and assigned a price target of $85 on the stock. CapitalOne started tracking the stock assigning a Equal Weight rating and suggested a price target of $83 on January 17, 2024. Susquehanna initiated its recommendation with a Neutral and recommended $75 as its price target on December 15, 2023. Oppenheimer upgraded its rating to Outperform for this stock on November 21, 2023. In a note dated September 07, 2023, BofA Securities initiated an Underperform rating and provided a target price of $52 on this stock.
The stock price of Cloudflare Inc [NET] has been fluctuating between $39.90 and $116.00 over the past year. Currently, Wall Street analysts expect the stock to reach $100.19 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $97.48 at the most recent close of the market. An investor can expect a potential return of 2.78% based on the average NET price forecast.
Analyzing the NET fundamentals
The Cloudflare Inc [NYSE:NET] reported sales of 1.30B for trailing twelve months, representing a surge of 31.95%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.27 and Total Capital is -0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.09 points at the first support level, and at 94.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.53, and for the 2nd resistance point, it is at 99.57.
Cloudflare Inc [NET] reported earnings per share of $0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.03 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.16 per share as compared to estimates of $0.1 per share, a difference of $0.06 representing a surprise of 60.00%.
Ratios To Look Out For
It’s worth pointing out that Cloudflare Inc [NYSE:NET]’s Current Ratio is 3.50. On the other hand, the Quick Ratio is 3.50, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 25.38, the price to book ratio is 43.12.
Transactions by insiders
Recent insider trading involved Prince Matthew, CEO & Chair of the Board, that happened on Feb 23 when 52384.0 shares were sold. CEO & Chair of the Board, Prince Matthew completed a deal on Feb 22 to sell 52384.0 shares. Meanwhile, CEO & Chair of the Board Prince Matthew sold 52384.0 shares on Feb 21.
