Cloudflare (NET) Set to Announce Quarterly Earnings on Thursday

Cloudflare (NYSE:NET - Get Free Report) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Cloudflare to post earnings of $0.13 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. The company had revenue of $362.47 million for the quarter, compared to analyst estimates of $352.70 million. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cloudflare Stock Down 1.0 %

Shares of NET traded down $0.92 during trading hours on Thursday, reaching $86.76. 1,869,564 shares of the stock traded hands, compared to its average volume of 3,742,231. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 1.68. The stock has a fifty day simple moving average of $95.39 and a 200 day simple moving average of $82.50. Cloudflare has a 52 week low of $39.90 and a 52 week high of $116.00. The company has a market cap of $29.30 billion, a price-to-earnings ratio of -157.75 and a beta of 1.12.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NET shares. Capital One Financial started coverage on shares of Cloudflare in a research report on Wednesday, January 17th. They set an "equal weight" rating and a $83.00 price target on the stock. Needham & Company LLC raised their price objective on shares of Cloudflare from $110.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Truist Financial raised their price objective on shares of Cloudflare from $90.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Mizuho decreased their price objective on shares of Cloudflare from $105.00 to $95.00 and set a "neutral" rating for the company in a report on Monday, April 15th. Finally, DZ Bank downgraded shares of Cloudflare from a "buy" rating to a "hold" rating and set a $110.00 price objective for the company. in a report on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.08.

Insider Transactions at Cloudflare

In other news, insider Douglas James Kramer sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $79.60, for a total value of $238,800.00. Following the completion of the sale, the insider now directly owns 216,114 shares in the company, valued at approximately $17,202,674.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Michelle Zatlyn sold 277,376 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $101.17, for a total transaction of $28,062,129.92. Following the completion of the sale, the chief operating officer now directly owns 38,545 shares in the company, valued at approximately $3,899,597.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Douglas James Kramer sold 3,000 shares of the business's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $79.60, for a total transaction of $238,800.00. Following the transaction, the insider now directly owns 216,114 shares in the company, valued at $17,202,674.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,046,356 shares of company stock worth $101,906,480. 14.80% of the stock is currently owned by insiders.

Cloudflare 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, script management, security center, and rate limiting products.