In yesterday’s Wall Street session, Cloudflare Inc (NYSE:NET) shares traded at $84.66, up 5.32% from the previous session.
NET stock price is now 26.19% away from the 50-day moving average and 35.19% away from the 200-day moving average. The market capitalization of the company currently stands at $28.43B.
In other news, SEIFERT THOMAS J, Chief Financial Officer sold 34,329 shares of the company’s stock on Dec 13. The stock was sold for $2,753,546 at an average price of $80.21. Upon completion of the transaction, the Chief Financial Officer now directly owns 243,495 shares in the company, valued at $20.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 08, President and COO Zatlyn Michelle sold 12,820 shares of the business’s stock. A total of $987,460 was realized by selling the stock at an average price of $77.02. Insiders disposed of 464,744 shares of company stock worth roughly $39.35 million over the past 1 year. A total of 12.89% of the company’s stock is owned by insiders.
During the past 12 months, Cloudflare Inc has had a low of $37.56 and a high of $81.45. 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 $67.09 and a two-hundred day moving average price translates $62.62 for the stock.
The latest earnings results from Cloudflare Inc (NYSE: NET) was released for Sep, 2023. 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.
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.
