A share price of Cloudflare Inc [NET] is currently trading at $115.70, up 1.79%. 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 7.45% over the last week, with a monthly amount glided 2.43%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cloudflare Inc [NYSE: NET] stock has seen the most recent analyst activity on January 03, 2025, when RBC Capital Mkts reiterated its Outperform rating and also boosted its price target to $123 from $99. Previously, Goldman upgraded its rating to Buy on January 02, 2025, and elevated its price target to $140. On December 17, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $136 on the stock. Morgan Stanley upgraded its rating to a Overweight. Exane BNP Paribas initiated its recommendation with a Underperform and recommended $65 as its price target on October 08, 2024. In a note dated July 08, 2024, Scotiabank initiated an Sector Perform rating and provided a target price of $85 on this stock.
Cloudflare Inc experienced fluctuations in its stock price throughout the past year between $66.24 and $119.42. Currently, Wall Street analysts expect the stock to reach $110.4 within the next 12 months. Cloudflare Inc [NYSE: NET] shares were valued at $115.70 at the most recent close of the market. An investor can expect a potential drop of -4.58% 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 112.82 points at the first support level, and at 109.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.24, and for the 2nd resistance point, it is at 118.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cloudflare Inc [NYSE:NET] is 3.37. As well, the Quick Ratio is 3.37, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 25.26, the price to book ratio is 40.79.
Transactions by insiders
Recent insider trading involved Prince Matthew, CEO & Chair of the Board, that happened on Jan 07 ’25 when 52384.0 shares were sold. CEO & Chair of the Board, Prince Matthew completed a deal on Jan 06 ’25 to sell 52384.0 shares. Meanwhile, CEO & Chair of the Board Prince Matthew sold 52384.0 shares on Jan 08 ’25.
