Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Cloudflare (NET)
NYSE:NET
Holding NET?
Track your performance easily
NET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$61.34 - $116.00
Previous Close$87.71
Volume2.94M
Average Volume (3M)2.01M
Market Cap
$29.55B
Enterprise Value$29.24B
Total Cash (Recent Filing)$1.76B
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)―
Beta2.81
Next Earnings
Nov 07, 2024EPS Estimate
$0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.30
Shares Outstanding341,702,734
10 Day Avg. Volume1,850,837
30 Day Avg. Volume2,010,761
Standard Deviation0.20
R-Squared0.08
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)34.00
Price to Sales (P/S)20.00
Price to Cash Flow (P/CF)98.80
P/FCF Ratio193.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue19.78
Enterprise Value/Gross Profit29.54
Enterprise Value/Ebitda993.78
Forecast
1Y Price Target
$87.63Price Target Upside-5.28% Downside
Rating ConsensusHold
Number of Analyst Covering8
Cloudflare News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCloudflare delivered consensus-beating results, highlighted by 30% revenue growth and improved 2024 guidance.
Leadership And InnovationCloudflare's recent strategic hire of CJ Desai as President of Product & Engineering positions the company to capitalize on emerging opportunities in AI, data, and cloud infrastructure.
Product And Technological AdvancementsCloudflare's advancements in AI, particularly with Workers AI and Vectorize, showcase its leadership in AI-driven cloud services.
Bears Say
Leadership ConcernsThe appointment of Ms. Cohen to Chief Strategy Officer is viewed negatively due to her tenure at Goldman Sachs, where the business struggled and was ultimately exited.
Revenue Forecast RisksRisks continue to outweigh rewards at current levels, with expectations of near-term revenue volatility and concerns about aggressive revenue estimates through FY26.
ValuationThe current valuation of 15x NTM Sales, one of the richest in software, offers limited upside, skewing the risk/reward negatively.
---
Ownership Overview
10.01% Insiders
27.79% Mutual Funds
13.44% Other Institutional Investors
32.31% 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 $61.34 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 Nov 07, 2024 which is 2 days ago.
How were Cloudflare’s earnings last quarter?
Cloudflare released its earnings results on Aug 01, 2024. The company reported $0.2 earnings per share for the quarter, beating the consensus estimate of $0.141 by $0.059.
Is Cloudflare overvalued?
According to Wall Street analysts Cloudflare’s price is currently Overvalued.
Does Cloudflare pay dividends?
Cloudflare does not currently pay dividends.
What is Cloudflare’s EPS estimate?
Cloudflare’s EPS estimate is $0.18.
How many shares outstanding does Cloudflare have?
Cloudflare has 303,675,630 shares outstanding.
What happened to Cloudflare’s price movement after its last earnings report?
Cloudflare reported an EPS of $0.2 in its last earnings report, beating expectations of $0.141. Following the earnings report the stock price went up 6.801%.
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 536M.
---
Cloudflare Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$87.63 (-5.28% Downside)
$87.63 (-5.28% Downside)
Blogger Sentiment
Bullish
NET Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 124.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
36.15%
12-Months-Change
Fundamentals
Return on Equity
-13.39%
Trailing 12-Months
Asset Growth
15.14%
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.
---
NET Company Deck
---
NET Earnings Call
Q2 2024
0:00 / 0:00
---
NET Revenue Breakdown
84.39% Direct customers
15.61% Channel partners
---
NET Stock 12 Month Forecast
Average Price Target
$87.63
▼(-5.28% Downside)
Technical Analysis
Best Analysts Covering NET
1 Year
1 Year Success Rate
10/12 ratings generated profit
1 Year Average Return
+21.88%
reiterated a buy rating 5 months ago
Copying Andrew Nowinski's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +21.88% per trade.
---