A share price of Cloudflare Inc [NET] is currently trading at $94.83, down -2.24%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NET shares have gain 0.17% over the last week, with a monthly amount drifted -2.30%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 8, April 2024, Cloudflare and Booz Allen Hamilton Now Delivering Rapid Incident Response for Enterprises Under Attack. In a post published today on Yahoo Finance, Cloudflare onboards enterprises under attack through Booz Allen collaboration, a fast track to Cloudflare’s industry-leading Incident Response and DDoS mitigation.
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.
Cloudflare Inc experienced fluctuations in its stock price throughout the past year 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 $94.83 at the most recent close of the market. An investor can expect a potential return of 5.65% based on the average NET price forecast.
Analyzing the NET fundamentals
Trailing Twelve Months sales for Cloudflare Inc [NYSE:NET] were 1.30B which represents 31.95% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
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 93.44 points at the first support level, and at 92.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.06, and for the 2nd resistance point, it is at 97.29.
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
To put it in perspective, the Current Ratio for Cloudflare Inc [NYSE:NET] is 3.50. Also, the Quick Ratio is 3.50, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 24.69, the price to book ratio is 41.95.
Transactions by insiders
Recent insider trading involved SEIFERT THOMAS J, CHIEF FINANCIAL OFFICER, that happened on Apr 03 ’24 when 15000.0 shares were sold. Director, Ledbetter Carl completed a deal on Apr 03 ’24 to sell 7991.0 shares. Meanwhile, CHIEF LEGAL OFFICER Kramer Douglas James sold 3000.0 shares on Apr 01 ’24.
