Do investors have a safe investment in Cloudflare Inc (NYSE:NET)?

The price of Cloudflare Inc (NYSE:NET) shares last traded on Wall Street rose 0.28% to $70.81.

Based on available information, 30 analysts follow Cloudflare Inc (NYSE:NET). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $45.00, we find $65.00. Given the previous closing price of $70.61, this indicates a potential downside of -7.95 percent. NET stock price is now 15.32% away from the 50-day moving average and 15.76% away from the 200-day moving average. The market capitalization of the company currently stands at $23.78B.

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Among analysts, 12 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $65.14 as their price target over the next twelve months.

With the price target of $52, BofA Securities recently initiated with Underperform rating for Cloudflare Inc (NYSE: NET).

In other news, Prince Matthew, CEO & Chair of the Board sold 52,384 shares of the company’s stock on Nov 15. The stock was sold for $3,730,913 at an average price of $71.22. Upon completion of the transaction, the CEO & Chair of the Board 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 Nov 14, CEO & Chair of the Board Prince Matthew sold 52,384 shares of the business’s stock. A total of $3,604,070 was realized by selling the stock at an average price of $68.80. Insiders disposed of 288,605 shares of company stock worth roughly $20.44 million over the past 1 year. A total of 13.00% of the company’s stock is owned by insiders.

A candlestick chart of Cloudflare Inc (NYSE: NET) showed a price of $70.59 on Wednesday morning. During the past 12 months, Cloudflare Inc has had a low of $37.56 and a high of $76.07. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 3.89, and a quick ratio of 3.89. The fifty day moving average price for NET is $61.40 and a two-hundred day moving average price translates $61.17 for the stock.

The latest earnings results from Cloudflare Inc (NYSE: NET) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.16, beating analysts’ expectations of $0.1 by 0.06. This compares to -$0.13 EPS in the same period last year. The net profit margin was -16.71% and return on equity was -31.24% for NET. The company reported revenue of $335.6 million for the quarter, compared to $253.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.2 percent. For the current quarter, analysts expect NET to generate $353.14M 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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