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Cloudflare (NET)
NYSE:NET
Cloudflare (NET) Stock Price & Analysis
6,353 Followers
NET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$53.88 - $116.00
Previous Close$75.23
Volume2.56M
Average Volume (3M)3.31M
Market Cap
$25.56B
Enterprise Value$25.32B
Total Cash (Recent Filing)$1.67B
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)-138.7
Beta2.76
Next Earnings
Aug 01, 2024EPS Estimate
$0.14Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.54
Shares Outstanding339,793,195
10 Day Avg. Volume3,187,108
30 Day Avg. Volume3,308,458
Standard Deviation0.20
R-Squared0.09
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)42.93
Price to Sales (P/S)62.49
Price to Cash Flow (P/CF)74.80
P/FCF Ratio123.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue19.53
Enterprise Value/Gross Profit25.59
Enterprise Value/Ebitda-172.84
Forecast
1Y Price Target
$95.58Price Target Upside27.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
Cloudflare News
Bulls Say, Bears Say
Bulls Say
Customer GrowthThe addition of 122 large customers during the first quarter represents a year-over-year increase of 7%, indicating growth in the company's enterprise segment.
Financial PerformanceNET reported a strong first quarter, with revenues exceeding consensus estimates and a higher non-GAAP operating margin than expected.
Innovation And Market PositionNET possesses highly scalable architecture and a culture of strong innovation, positioning the company well in the resilient cybersecurity sector.
Bears Say
Company ValuationNET carries a high valuation compared to other high-growth software names, leading to potential near-term volatility.
Financial GuidanceDespite strong first-quarter performance, management's conservative guidance for FY24 suggests a deceleration in revenue growth, reflecting uncertainty in the macro environment.
Stock-Based CompensationThere is a significant amount of unrecognized stock-based compensation expense that will impact future earnings.
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Ownership Overview
13.60% Insiders
27.72% Mutual Funds
48.11% Other Institutional Investors
10.58% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Cloudflare
Desktop Users
Mobile Users
NET FAQ
What was Cloudflare’s price range in the past 12 months?
Cloudflare lowest stock price was $53.88 and its highest was $116.00 in the past 12 months.
What is Cloudflare’s market cap?
Currently, no data Available
When is Cloudflare’s upcoming earnings report date?
Cloudflare’s upcoming earnings report date is Aug 01, 2024 which is in 74 days.
How were Cloudflare’s earnings last quarter?
Cloudflare released its earnings results on May 02, 2024. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.132 by $0.028.
Is Cloudflare overvalued?
According to Wall Street analysts Cloudflare’s price is currently Undervalued.
Does Cloudflare pay dividends?
Cloudflare does not currently pay dividends.
What is Cloudflare’s EPS estimate?
Cloudflare’s EPS estimate is $0.14.
How many shares outstanding does Cloudflare have?
Cloudflare has 301,090,240 shares outstanding.
What happened to Cloudflare’s price movement after its last earnings report?
Cloudflare reported an EPS of $0.16 in its last earnings report, beating expectations of $0.132. Following the earnings report the stock price went down -16.376%.
Which hedge fund is a major shareholder of Cloudflare?
Among the largest hedge funds holding Cloudflare’s share is Sands Capital Management LLC. It holds Cloudflare’s shares valued at 882M.
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Cloudflare Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$95.58 (27.05% Upside)
$95.58 (27.05% Upside)
Blogger Sentiment
Bullish
NET Sentiment 81%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 876.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.9%
Last 30 Days ▲ 2.7%
Last 30 Days ▲ 2.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
38.80%
12-Months-Change
Fundamentals
Return on Equity
-25.03%
Trailing 12-Months
Asset Growth
5.03%
Trailing 12-Months
Company Description
Cloudflare
Founded in 2009 and headquartered in California, Cloudflare, Inc. is a web infrastructure and website security company. The company operates a cloud platform and provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and Internet of Things (IoT) devices.
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NET Company Deck
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NET Earnings Call
Q1 2024
0:00 / 0:00
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NET Revenue Breakdown
84.39% Direct customers
15.61% Channel partners
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NET Stock 12 Month Forecast
Average Price Target
$95.58
▲(27.05% Upside)
Technical Analysis
Best Analysts Covering NET
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+22.55%
assigned a buy rating 17 days ago
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