At the time of writing, Cloudflare Inc [NET] stock is trading at $97.98, up 2.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The NET shares have gain 2.17% over the last week, with a monthly amount drifted -0.01%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Cloudflare Inc fluctuated between $39.90 and $116.00. Currently, Wall Street analysts expect the stock to reach $100.19 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $97.98 at the most recent close of the market. An investor can expect a potential return of 2.26% based on the average NET price forecast.
Analyzing the NET fundamentals
According to Cloudflare Inc [NYSE:NET], the company’s sales were 1.30B for trailing twelve months, which represents an 31.95% jump. 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 95.63 points at the first support level, and at 93.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 99.38, and for the 2nd resistance point, it is at 100.77.
Ratios To Look Out For
It is important to note that Cloudflare Inc [NYSE:NET] has a current ratio of 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 25.51, the price to book ratio is 43.34.
Transactions by insiders
Recent insider trading involved Ledbetter Carl, Director, that happened on Mar 20 ’24 when 7968.0 shares were sold. Chief Financial Officer, SEIFERT THOMAS J completed a deal on Mar 15 ’24 to sell 95000.0 shares. Meanwhile, Chief Financial Officer SEIFERT THOMAS J sold 15000.0 shares on Mar 15 ’24.
