Cloudflare Inc [NET] stock is trading at $95.66, up 3.41%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NET shares have gain 9.06% over the last week, with a monthly amount glided 12.61%, and 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 October 08, 2024, when Exane BNP Paribas initiated its Underperform rating and assigned the stock a price target of $65. On July 08, 2024, Scotiabank initiated with a Sector Perform rating and assigned a price target of $85 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $82 on June 25, 2024. DZ Bank upgraded its rating to a Buy but $95 remained the price target by the analyst firm on May 07, 2024. DZ Bank downgraded its rating to Hold for this stock on February 13, 2024, but kept the price target unchanged to $110.
Cloudflare Inc [NET] stock has fluctuated between $61.34 and $116.00 over the past year. Currently, Wall Street analysts expect the stock to reach $95 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $95.66 at the most recent close of the market. An investor can expect a potential drop of -0.69% based on the average NET price forecast.
Analyzing the NET fundamentals
Cloudflare Inc [NYSE:NET] reported sales of 1.48B for the trailing twelve months, which represents a growth of 29.99%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.11 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.49.
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 94.00 points at the first support level, and at 92.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 97.42, and for the 2nd resistance point, it is at 99.19.
Ratios To Look Out For
For context, Cloudflare Inc’s Current Ratio is 3.51. As well, the Quick Ratio is 3.51, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 22.12, the price to book ratio is 37.06.
Transactions by insiders
Recent insider trading involved Eitel Maria S, Director, that happened on Nov 01 ’24 when 6875.0 shares were sold. Chief Legal Officer, Kramer Douglas James completed a deal on Nov 01 ’24 to sell 3000.0 shares. Meanwhile, Chief Financial Officer SEIFERT THOMAS J sold 15000.0 shares on Nov 04 ’24.
