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S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

Cloudflare Stock Price, News & Analysis (NYSE:NET)

$76.63
-1.32 (-1.69%)
(As of 12/6/2023 ET)
Compare
Today's Range
$76.61
$80.03
50-Day Range
$54.96
$79.81
52-Week Range
$37.56
$80.17
Volume
2.81 million shs
Average Volume
4.66 million shs
Market Capitalization
$25.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$65.35

Cloudflare MarketRank™ Stock Analysis

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
14.7% Downside
$65.35 Price Target
Short Interest
Bearish
6.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.93
Upright™ Environmental Score
News Sentiment
0.26mentions of Cloudflare in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$59.68 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.28) to ($0.23) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.82 out of 5 stars

Computer And Technology Sector

436th out of 594 stocks

Prepackaged Software Industry

126th out of 175 stocks


NET stock logo

About Cloudflare Stock (NYSE:NET)

Cloudflare, Inc. is a leading cloud-based security and performance solutions provider for websites and internet applications. The company's mission is to help build a better internet by making it faster, safer, and more reliable. Founded in 2009, Cloudflare has become one of the largest and most respected names in the cybersecurity industry. The company offers cloud-based products and services, including website security, performance optimization, content delivery, and domain name services.

Millions of websites and internet applications worldwide use Cloudflare's products, ranging from small businesses to large enterprises. Key customers include Shopify, HubSpot, and Zendesk, among others.

The company is headquartered in San Francisco, California, with additional offices in London, Singapore, and several other locations. Cloudflare has received numerous awards and recognition for its innovative products and services, including being named one of Fast Company's "World's Most Innovative Companies" in 2020.

Cloudflare's leadership team is led by co-founders Matthew Prince (Chief Executive Officer) and Michelle Zatlyn (Chief Operating Officer). Prince has a background in law and technology, while Zatlyn has experience in finance and operations. 

Cloudflare's financial performance has been relatively mixed over the past few years. The company's revenue has grown steadily for several years. However, the company has never reported a profit. The company's net income has been negative in the past three years, as it has invested heavily in research and development and sales and marketing to support its growth. Cloudflare's debt levels are relatively high. However, the company does maintain enough assets to cover all liabilities. 

Cloudflare's relatively high valuation metrics reflect the company's strong growth prospects and competitive positioning. The company's price-to-earnings and price-to-book ratio are significantly higher than the industry average. Cloudflare's stock has recently been incredibly volatile, ranging between approximately $30 and $80. The significant price movements have been in response to news and events affecting the broader tech industry.

Cloudflare operates in the highly competitive cybersecurity industry, characterized by rapid technological change, intense competition, and evolving regulatory and legal frameworks. The company's main competitors include Akamai Technologies, Incapsula, Imperva, and Fastly.

Cloudflare's competitive advantages include its global network of servers, which enables it to deliver fast and reliable services to customers worldwide and its innovative security solutions that combine multiple layers of protection. The company's cloud-based approach also provides scalability and flexibility, allowing customers to quickly scale their security and performance needs as their businesses grow.

The cybersecurity industry is experiencing strong growth, driven by the increasing number of cyber threats and the growing awareness among businesses of the importance of protecting their digital assets. According to recent research, the global cybersecurity market is expected to reach $326.4 billion by 2027, growing at a CAGR of 10.0% from 2022 to 2027.

However, the industry also faces challenges and risks. Rapid technological advancements can quickly make security solutions obsolete, requiring companies like Cloudflare to continuously innovate and adapt to new threats. Additionally, the industry is subject to evolving regulations and privacy concerns, which could impact how companies handle and protect user data.

Cloudflare has positioned itself well within the industry by offering a comprehensive suite of solutions that address security and performance needs. The company's broad customer base and strong brand reputation give it a competitive edge. Furthermore, Cloudflare's strategic partnerships with leading technology companies, such as Microsoft and Google, enhance its market reach and enable it to tap into new customer segments.

Cloudflare has several growth opportunities that could drive its future performance. One key opportunity lies in the increasing adoption of cloud-based services and the growing demand for secure and performant Internet applications. As businesses continue to shift their operations to the cloud, they require reliable and scalable security solutions, which Cloudflare is well-positioned to provide.

The company also has opportunities for expansion into new markets. Cloudflare has been investing in international expansion to capture the growing demand for its services globally. Expanding its presence in regions like Asia-Pacific and Europe presents significant growth potential.

While Cloudflare has promising growth prospects, it also faces risks and challenges that could impact its performance. One key challenge is the highly competitive nature of the cybersecurity industry. The company faces intense competition from established players and emerging startups, which could result in pricing pressures and the need for continuous investment in research and development to stay ahead.

Another potential risk is the evolving regulatory landscape. Changes in data protection regulations and privacy laws can significantly impact how Cloudflare operates and handles customer data. Compliance with these regulations requires ongoing investment in resources and expertise.

Moreover, as technology evolves, new and sophisticated cyber threats may emerge, which could bypass existing security measures. Cloudflare must remain vigilant and invest in advanced threat detection and prevention technologies to avoid these threats.

NET Stock Price History

NET Stock News Headlines

The top five zero trust cybersecurity stocks (NET)
Cybersecurity stocks are hot, and none are hotter than the zero trust leaders highlighted in this article; all grow at a high double-digit pace with tailwinds
Web security powerhouse Cloudflare inches closer to a breakout
Cybersecurity stock Cloudflare is nearing a breakout following a strong earnings report and upbeat guidance. The company is rolling out more AI features.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Palo Alto Networks: the one security stock to rule them all (NET)
cyber security leader Palo Alto Networks fell into another buying opportunity following a solid report and a raised to guidance.
Fastly shifts into the fast lane toward profits (NET)
Edge cloud platform operator Fastly delivered its second consecutive positive quarter of earnings, and investors are rewarding FSLY stock
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Cloudflare's Strategic Shift To AI: A Calculated Risk
Cloudflare: Why I Am Now Downgrading The Stock
3 Things Smart Investors Know About Cloudflare Stock
Why Cloudflare (NET) Stock Is Trading Up Today
Oppenheimer Upgrades Cloudflare Inc - (NET)
c3.ai & Cloudflare upgraded to Outperform at Oppenheimer
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
3,217
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$65.35
High Stock Price Target
$85.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-14.7%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
18 Analysts

Profitability

Net Income
$-193,380,000.00
Pretax Margin
-16.29%

Debt

Sales & Book Value

Annual Sales
$975.24 million
Cash Flow
$0.07 per share
Book Value
$1.89 per share

Miscellaneous

Free Float
286,078,000
Market Cap
$25.73 billion
Optionable
Not Optionable
Beta
1.10

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Should I Buy Cloudflare Stock? NET Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cloudflare was last updated on Tuesday, November 28, 2023 at 10:22 PM.

Pros

Here are some ways that investors could benefit from investing in Cloudflare, Inc.:

  • Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. This positions the company to benefit from the growing demand for cloud-based solutions in various industries.
  • Cloudflare offers an integrated cloud-based security solution that can secure a range of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices. This comprehensive security offering can attract businesses looking to enhance their cybersecurity measures.
  • The company provides website and application performance solutions, including content delivery, load balancing, and DNS. These solutions can help businesses improve the speed and reliability of their online services, which is crucial in today's digital landscape.
  • Cloudflare offers developer-based solutions, such as Cloudflare Workers, which allows developers to run their code at the edge of the network. This can enable businesses to build and deploy applications faster and more efficiently.
  • Cloudflare has a strong track record of growth and innovation. The company has been expanding its product portfolio and entering new markets, which can provide investors with opportunities for long-term growth.

Cons

Investors should be bearish about investing in Cloudflare, Inc. for these reasons:

  • Cloudflare faces competition from other cloud services providers and cybersecurity companies. This competitive landscape could potentially impact the company's market share and profitability.
  • The stock price of Cloudflare, Inc. can be volatile, which may not be suitable for risk-averse investors. It is important for investors to carefully assess their risk tolerance before investing in the company.
  • Cloudflare's financial performance is subject to various factors, including economic conditions, technological advancements, and regulatory changes. Investors should closely monitor these factors and their potential impact on the company's financial results.
  • Investing in Cloudflare, Inc. involves market risk, as the stock price can fluctuate based on market conditions and investor sentiment. It is important for investors to conduct thorough research and analysis before making investment decisions.
  • Cloudflare's success is dependent on its ability to attract and retain customers. Any decline in customer acquisition or retention rates could negatively impact the company's financial performance.














NET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cloudflare stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last year. There are currently 4 sell ratings, 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NET, but not buy additional shares or sell existing shares.
View NET analyst ratings
or view top-rated stocks.

What is Cloudflare's stock price target for 2024?

18 brokerages have issued 1-year target prices for Cloudflare's shares. Their NET share price targets range from $43.00 to $85.00. On average, they anticipate the company's stock price to reach $65.35 in the next year. This suggests that the stock has a possible downside of 14.7%.
View analysts price targets for NET
or view top-rated stocks among Wall Street analysts.

How have NET shares performed in 2023?

Cloudflare's stock was trading at $45.21 at the start of the year. Since then, NET shares have increased by 69.5% and is now trading at $76.63.
View the best growth stocks for 2023 here
.

When is Cloudflare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our NET earnings forecast
.

How were Cloudflare's earnings last quarter?

Cloudflare, Inc. (NYSE:NET) released its quarterly earnings data on Thursday, November, 2nd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business earned $335.60 million during the quarter, compared to analyst estimates of $330.45 million. Cloudflare had a negative net margin of 16.71% and a negative trailing twelve-month return on equity of 17.71%.

What guidance has Cloudflare issued on next quarter's earnings?

Cloudflare updated its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $0.12 for the period, compared to the consensus earnings per share estimate of $0.10. The company issued revenue guidance of $352-353 million, compared to the consensus revenue estimate of $356.26 million.

What is Matthew Prince's approval rating as Cloudflare's CEO?

53 employees have rated Cloudflare Chief Executive Officer Matthew Prince on Glassdoor.com. Matthew Prince has an approval rating of 92% among the company's employees. This puts Matthew Prince in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Cloudflare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cloudflare investors own include NVIDIA (NVDA), CrowdStrike (CRWD), Block (SQ), DocuSign (DOCU), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), Fastly (FSLY), Okta (OKTA), Slack Technologies (WORK) and Twilio (TWLO).

When did Cloudflare IPO?

(NET) raised $385 million in an initial public offering (IPO) on Friday, September 13th 2019. The company issued 35,000,000 shares at a price of $10.00-$12.00 per share. Goldman Sachs, Morgan Stanley and J.P. Morgan served as the underwriters for the IPO and Jefferies, Wells Fargo Securities, RBC Capital Markets, JMP Securities, Evercore ISI, Needham & Company, Oppenheimer, BTIG and SunTrust Robinson Humphrey were co-managers.

Who are Cloudflare's major shareholders?

Cloudflare's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (9.25%), Sands Capital Management LLC (3.28%), Legal & General Group Plc (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.52%), Northern Trust Corp (0.52%) and Royal Bank of Canada (0.41%). Insiders that own company stock include Carl Ledbetter, Douglas James Kramer, Katrin Suder, Maria S Eitel, Matthew Prince, Michelle Zatlyn, Paul D Underwood, Scott D Sandell, Stanley J Meresman and Thomas J Seifert.
View institutional ownership trends
.

How do I buy shares of Cloudflare?

Shares of NET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NET) was last updated on 12/7/2023 by MarketBeat.com Staff

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