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NYSE:NETCloudflare Stock Price, Forecast & News

$38.32
+1.85 (+5.07 %)
(As of 07/6/2020 04:00 PM ET)
Add
Compare
Today's Range
$37.00
Now: $38.32
$39.24
50-Day Range
$27.55
MA: $31.14
$37.00
52-Week Range
$14.50
Now: $38.32
$38.48
Volume246,612 shs
Average Volume6.96 million shs
Market Capitalization$11.64 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
CloudFlare, Inc. operates a cloud platform that delivers a range of network 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 Internet of Things (IoT) devices. Its security products comprise Cloud Firewall, Bot Management, Distributed Denial of Service, Infrastructure Protection, Zero Trust Security, IoT, SSL/TLS, Secure Origin Connection, and Rate Limiting. The company also offers performance solutions, which include Content Delivery, Intelligent Routing, and Mobile Software Development Kit, as well as Content, Mobile, and Image Optimization. In addition, it provides Reliability solutions comprising Load Balancing, Anycast Network, Virtual Backbone, DNS, DNS Resolver, and Always Online. The company serves customers in the consumer/retail, healthcare/life sciences, software, education/non-profit, industrial/transportation, media/entertainment, finance/real estate, and hardware industries, as well as to the government. CloudFlare, Inc. has a strategic agreement with Baidu, Inc. The company was founded in 2009 and is headquartered in San Francisco, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone888-993-5273

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$287.02 million
Book Value$2.42 per share

Profitability

Miscellaneous

Employees1,270
Market Cap$11.64 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableNot Optionable

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Cloudflare (NYSE:NET) Frequently Asked Questions

How has Cloudflare's stock been impacted by COVID-19 (Coronavirus)?

Cloudflare's stock was trading at $20.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NET shares have increased by 86.1% and is now trading at $38.32. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cloudflare?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cloudflare.

When is Cloudflare's next earnings date?

Cloudflare is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Cloudflare.

How were Cloudflare's earnings last quarter?

Cloudflare Inc (NYSE:NET) released its earnings results on Thursday, May, 7th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.06) by $0.02. The company earned $91.25 million during the quarter, compared to analyst estimates of $86.85 million. The company's revenue for the quarter was up 47.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.19) EPS. View Cloudflare's earnings history.

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

Cloudflare updated its FY20 earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of ($0.21)-($0.19) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.20). The company issued revenue guidance of $389-393 million, compared to the consensus revenue estimate of $385.24 million.

What price target have analysts set for NET?

14 brokers have issued 12 month price objectives for Cloudflare's stock. Their forecasts range from $20.00 to $41.00. On average, they anticipate Cloudflare's stock price to reach $29.29 in the next year. This suggests that the stock has a possible downside of 23.6%. View analysts' price targets for Cloudflare.

Has Cloudflare been receiving favorable news coverage?

Headlines about NET stock have trended negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cloudflare earned a news impact score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Cloudflare.

Are investors shorting Cloudflare?

Cloudflare saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,640,000 shares, an increase of 8.7% from the June 15th total of 6,110,000 shares. Based on an average trading volume of 4,910,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.2% of the company's shares are short sold. View Cloudflare's Current Options Chain.

Who are some of Cloudflare's key competitors?

What other stocks do shareholders of Cloudflare own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cloudflare investors own include Crowdstrike (CRWD), NVIDIA (NVDA), Square (SQ), Advanced Micro Devices (AMD), Alibaba Group (BABA), Okta (OKTA), Zoom Video Communications (ZM), Zscaler (ZS), Datadog (DDOG) and Trade Desk (TTD).

When did Cloudflare IPO?

(NET) raised $385 million in an initial public offering on Friday, September 13th 2019. The company issued 35,000,000 shares at $10.00-$12.00 per share. Goldman Sachs, Morgan Stanley and J.P. Morgan acted 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.

What is Cloudflare's stock symbol?

Cloudflare trades on the New York Stock Exchange (NYSE) under the ticker symbol "NET."

How do I buy shares of Cloudflare?

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

What is Cloudflare's stock price today?

One share of NET stock can currently be purchased for approximately $38.32.

How big of a company is Cloudflare?

Cloudflare has a market capitalization of $11.64 billion and generates $287.02 million in revenue each year. The company earns $-105,830,000.00 in net income (profit) each year or ($0.72) on an earnings per share basis. Cloudflare employs 1,270 workers across the globe.

What is Cloudflare's official website?

The official website for Cloudflare is www.cloudflare.com.

How can I contact Cloudflare?

Cloudflare's mailing address is 101 Townsend Street, San Francisco CA, 94107. The company can be reached via phone at 888-993-5273 or via email at [email protected]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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