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Cloudflare (NET)
NYSE:NET
Holding NET?
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NET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$53.88 - $116.00
Previous Close$79.34
Volume1.53M
Average Volume (3M)2.30M
Market Cap
$27.11B
Enterprise Value$26.79B
Total Cash (Recent Filing)$1.76B
Total Debt (Recent Filing)$1.44B
Price to Earnings (P/E)―
Beta2.77
Next Earnings
Oct 31, 2024EPS Estimate
$0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.30
Shares Outstanding341,702,734
10 Day Avg. Volume2,354,468
30 Day Avg. Volume2,296,130
Standard Deviation0.20
R-Squared0.08
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)30.79
Price to Sales (P/S)18.35
Price to Cash Flow (P/CF)90.60
P/FCF Ratio177.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue18.13
Enterprise Value/Gross Profit27.07
Enterprise Value/Ebitda910.73
Forecast
1Y Price Target
$95.47Price Target Upside20.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
Cloudflare News
PremiumCompany Announcements
Cloudflare Enhances Investor Relations with Transparency Initiative
Bulls Say, Bears Say
Bulls Say
AI AdvancementsCloudflare’s advancements in AI, particularly with Workers AI and Vectorize, showcase its leadership in AI-driven cloud services.
Global ExpansionThe strategic global expansion of GPUs further differentiates Cloudflare by ensuring low-latency, high-performance AI capabilities for users worldwide.
Revenue Growth2Q revenue growth of 30% Y/Y handily beat the Street's ~28% forecast, as the co. executed well this quarter.
Bears Say
Financial PerformanceThe stock is priced for perfect execution with no further revenue deceleration through FY25, which is a high bar to meet.
Revenue ForecastThe 'pooled fund' deals will likely cause revenue variability over the next few quarters, as seen by the -300bps contraction in DBNER to 112%, as they mimic a consumption-like business model and are therefore harder to forecast.
ValuationNET also carries a particularly high valuation, and thus analysts continue to prefer a few other high-growth software names at this time.
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Ownership Overview
10.01% Insiders
27.34% Mutual Funds
<0.01% Other Institutional Investors
46.39% 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 $53.88 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 Oct 31, 2024 which is in 26 days.
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 Undervalued.
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.
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Cloudflare Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$95.47 (20.19% Upside)
$95.47 (20.19% Upside)
Blogger Sentiment
Bullish
NET Sentiment 87%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 124.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 2.9%
Last 30 Days ▼ 2.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
26.92%
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.
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NET Company Deck
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NET Earnings Call
Q2 2024
0:00 / 0:00
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NET Revenue Breakdown
84.39% Direct customers
15.61% Channel partners
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NET Stock 12 Month Forecast
Average Price Target
$95.47
▲(20.19% Upside)
Technical Analysis
Best Analysts Covering NET
1 Year
1 Year Success Rate
8/12 ratings generated profit
1 Year Average Return
+16.63%
reiterated a buy rating 4 months ago
Copying Andrew Nowinski's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +16.63% per trade.
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