At the time of writing, Cloudflare Inc [NET] stock is trading at $117.56, up 2.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The NET shares have gain 5.72% over the last week, with a monthly amount glided 30.96%, and 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
From an analyst’s perspective:
Cloudflare Inc [NYSE: NET] stock has seen the most recent analyst activity on December 17, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $136 from $95. Previously, Morgan Stanley upgraded its rating to Overweight on December 02, 2024. On October 08, 2024, Exane BNP Paribas initiated with a Underperform rating and assigned a price target of $65 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Scotiabank initiated its recommendation with a Sector Perform and recommended $85 as its price target on July 08, 2024. UBS upgraded its rating to Neutral for this stock on June 25, 2024, and upped its price target to $82. In a note dated May 07, 2024, DZ Bank upgraded an Buy rating on this stock but restated the target price of $95.
For the past year, the stock price of Cloudflare Inc fluctuated between $66.24 and $116.00. Currently, Wall Street analysts expect the stock to reach $89.75 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $117.56 at the most recent close of the market. An investor can expect a potential drop of -23.66% based on the average NET price forecast.
Analyzing the NET fundamentals
According to Cloudflare Inc [NYSE:NET], the company’s sales were 1.57B for trailing twelve months, which represents an 28.15% jump. 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 115.91 points at the first support level, and at 114.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.32, and for the 2nd resistance point, it is at 121.07.
Ratios To Look Out For
It is important to note that Cloudflare Inc [NYSE:NET] has a current ratio of 3.37. On the other hand, the Quick Ratio is 3.37, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 25.66, the price to book ratio is 41.44.
Transactions by insiders
Recent insider trading involved Zatlyn Michelle, President and COO, that happened on Dec 12 ’24 when 25640.0 shares were sold. President and COO, Zatlyn Michelle completed a deal on Dec 11 ’24 to sell 25640.0 shares. Meanwhile, President and COO Zatlyn Michelle sold 25640.0 shares on Dec 10 ’24.
