Could Cloudflare Inc (NET) stock price achieve new all-time highs if its expected earnings and revenue increase?

Stocks of Cloudflare Inc (NYSE:NET) traded higher last session on Wall Street, down -1.48% to $77.15.

According to the data, Cloudflare Inc (NYSE:NET) has 30 analysts covering its stock. 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 $65.50. Given the previous closing price of $78.31, this indicates a potential downside of -16.36 percent. NET stock price is now 21.70% away from the 50-day moving average and 24.62% away from the 200-day moving average. The market capitalization of the company currently stands at $25.90B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


A total of 11 analysts have issued a hold rating and 12 have given it a buy rating. Brokers who have rated the stock have averaged $65.97 as their price target over the next twelve months.

In other news, Zatlyn Michelle, President and COO sold 12,820 shares of the company’s stock on Nov 29. The stock was sold for $978,848 at an average price of $76.35. 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 Nov 29, Director Ledbetter Carl sold 8,034 shares of the business’s stock. A total of $612,075 was realized by selling the stock at an average price of $76.19. This leaves the insider owning 1,649,835 shares of the company worth $127.28 million. Insiders disposed of 415,377 shares of company stock worth roughly $32.05 million over the past 1 year. A total of 12.92% of the company’s stock is owned by insiders.

Thursday’s opening bell rang with an opening price of $79.06 for Cloudflare Inc (NYSE: NET). During the past 12 months, Cloudflare Inc has had a low of $37.56 and a high of $79.08. 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 $63.40 and a two-hundred day moving average price translates $61.91 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 $352.75M 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.

Related Posts