Cloudflare Inc [NET] stock is trading at $110.72, up 5.54%. 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 8.30% over the last week, with a monthly amount glided 28.01%, 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 December 02, 2024, when Morgan Stanley upgraded its rating to a Overweight. Previously, Exane BNP Paribas started tracking the stock with Underperform rating on October 08, 2024, and set its price target to $65. On July 16, 2024, Wolfe Research initiated with a Peer Perform rating. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $85 on July 08, 2024. UBS upgraded its rating to a Neutral and raised its price target to $82 on June 25, 2024. DZ Bank upgraded its rating to Buy for this stock on May 07, 2024, but kept the price target unchanged to $95. In a note dated February 13, 2024, DZ Bank downgraded an Hold rating on this stock but restated the target price of $110.
Cloudflare Inc [NET] stock has fluctuated between $66.24 and $116.00 over the past year. Currently, Wall Street analysts expect the stock to reach $90.2 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $110.72 at the most recent close of the market. An investor can expect a potential drop of -18.53% based on the average NET price forecast.
Analyzing the NET fundamentals
Cloudflare Inc [NYSE:NET] reported sales of 1.57B for the trailing twelve months, which represents a growth of 28.15%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.32.
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 108.16 points at the first support level, and at 105.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.07, and for the 2nd resistance point, it is at 113.41.
Ratios To Look Out For
For context, Cloudflare Inc’s Current Ratio 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 24.17, the price to book ratio is 39.03.
Transactions by insiders
Recent insider trading involved THOMAS J SEIFERT, Officer, that happened on Dec 04 ’24 when 15000.0 shares were purchased. Chief Legal Officer, Kramer Douglas James completed a deal on Dec 02 ’24 to sell 3000.0 shares. Meanwhile, Officer DOUGLAS KRAMER bought 3000.0 shares on Dec 02 ’24.
