A share price of Cloudflare Inc [NET] is currently trading at $104.23, down -0.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NET shares have gain 16.11% over the last week, with a monthly amount glided 16.37%, 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 experienced fluctuations in its stock price throughout the past year between $66.24 and $116.00. Currently, Wall Street analysts expect the stock to reach $95.45 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $104.23 at the most recent close of the market. An investor can expect a potential drop of -8.42% based on the average NET price forecast.
Analyzing the NET fundamentals
Trailing Twelve Months sales for Cloudflare Inc [NYSE:NET] were 1.57B which represents 28.15% growth. 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 of1.32.
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 102.75 points at the first support level, and at 101.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.82, and for the 2nd resistance point, it is at 107.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cloudflare Inc [NYSE:NET] is 3.37. Further, the Quick Ratio stands at 3.37, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 22.75, the price to book ratio is 36.74.
Transactions by insiders
Recent insider trading involved Kramer Douglas James, Chief Legal Officer, that happened on Nov 21 ’24 when 6000.0 shares were sold. Officer, DOUGLAS KRAMER completed a deal on Nov 21 ’24 to buy 6000.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER SEIFERT THOMAS J sold 28635.0 shares on Nov 19 ’24.
