In yesterday’s Wall Street session, Cloudflare Inc. (NYSE:NET) shares traded at $56.80, down -2.05% from the previous session.
NET stock price is now 2.01% away from the 50-day moving average and 2.90% away from the 200-day moving average. The market capitalization of the company currently stands at $19.03B.
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In other news, Zatlyn Michelle, President and COO sold 12,820 shares of the company’s stock on May 19. The stock was sold for $754,155 at an average price of $58.83. Upon completion of the transaction, the President and COO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Chief Financial Officer SEIFERT THOMAS J sold 16,900 shares of the business’s stock. A total of $969,214 was realized by selling the stock at an average price of $57.35. This leaves the insider owning 263,209 shares of the company worth $14.95 million. Insiders disposed of 109,850 shares of company stock worth roughly $6.24 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NET stock. A new stake in Cloudflare Inc. shares was purchased by VALUE STAR ASSET MANAGEMENT (HONG KONG) LTD during the first quarter worth $18,505,000. LAURION CAPITAL MANAGEMENT LP invested $15,234,000 in shares of NET during the first quarter. In the first quarter, HARBER ASSET MANAGEMENT LLC acquired a new stake in Cloudflare Inc. valued at approximately $9,759,000. ATIKA CAPITAL MANAGEMENT LLC acquired a new stake in NET for approximately $9,400,000. MIZUHO MARKETS CAYMAN LP purchased a new stake in NET valued at around $7,533,000 in the second quarter. In total, there are 834 active investors with 86.60% ownership of the company’s stock.
On Monday morning Cloudflare Inc. (NYSE: NET) stock kicked off with the opening price of $57.60. During the past 12 months, Cloudflare Inc. has had a low of $37.37 and a high of $80.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.40, and a quick ratio of 4.40. The fifty day moving average price for NET is $55.76 and a two-hundred day moving average price translates $55.19 for the stock.
The latest earnings results from Cloudflare Inc. (NYSE: NET) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.03 by 0.05. This compares to -$0.13 EPS in the same period last year. The net profit margin was -18.00% and return on equity was -31.00% for NET. The company reported revenue of $290.18 million for the quarter, compared to $212.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.77 percent. For the current quarter, analysts expect NET to generate $305.56M in revenue.
Cloudflare Inc.(NET) Company Profile
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company 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 IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, secure origin connection, and rate limiting products. It also offers website and application performance solutions, including content delivery, load balancing, DNS, agro smart routing, video stream delivery, content optimization, virtual backbone, always online, and cloudflare waiting room and registrar; and network services, which deliver network connectivity, security, and performance to customers as a service, including WAN, WARP, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust services, such as cloudflare access, cloudflare gateway, remote browser isolation, cloud access security broker, cloudflare area 1 email security, and data loss prevention products that protect, inspect, and privilege data. Further, it provides developer-based solutions consisting of cloudflare workers, pages, stream, and images, as well as Cloudflare Data Localization suite, a tool that set rules and controls at the network edge; durable objects and R2 object storage products; Consumer DNS Resolver, a consumer app to browse the Internet; and consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
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