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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money

Cloudflare (NET) Stock Price, News & Analysis

$93.73
-2.35 (-2.45%)
(As of 04/12/2024 ET)
Today's Range
$92.62
$95.26
50-Day Range
$80.85
$107.81
52-Week Range
$39.90
$116.00
Volume
2.50 million shs
Average Volume
3.87 million shs
Market Capitalization
$31.65 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$87.50

Cloudflare MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
6.6% Downside
$87.50 Price Target
Short Interest
Healthy
3.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.92
Upright™ Environmental Score
News Sentiment
0.18mentions of Cloudflare in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$106.93 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.20) to ($0.12) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.30 out of 5 stars

Computer And Technology Sector

751st out of 1,800 stocks

Prepackaged Software Industry

226th out of 591 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

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Company Calendar

Last Earnings
2/08/2024
Today
4/12/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
3,682
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$87.50
High Stock Price Target
$135.00
Low Stock Price Target
$43.00
Potential Upside/Downside
-6.6%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
23 Analysts

Profitability

Net Income
$-183,950,000.00
Pretax Margin
-13.72%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$0.27 per share
Book Value
$2.26 per share

Miscellaneous

Free Float
287,685,000
Market Cap
$31.65 billion
Optionable
Not Optionable
Beta
1.12

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Should I Buy Cloudflare Stock? NET Pros and Cons Explained

Pros

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

  • Cloudflare's diverse range of cloud-based security solutions cater to various platforms, including public cloud, private cloud, and IoT devices, providing a comprehensive security suite for businesses.
  • The company offers performance solutions like content delivery, load balancing, and DNS services, enhancing website and application performance for clients.
  • Cloudflare's SASE platform, Cloudflare One, provides a cloud-based network-as-a-service, offering network connectivity, security, and performance benefits to users.
  • Zero trust services such as Cloudflare Access and Cloudflare Gateway ensure secure access to data and applications, protecting against unauthorized access.
  • Developer-based solutions like Cloudflare Workers and Cloudflare Pages empower developers to create and deploy applications efficiently, enhancing productivity and innovation.

Cons

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

  • Cloudflare's stock price may be subject to volatility due to market conditions and competition in the cloud services sector, potentially leading to fluctuations in investment returns.
  • Intense competition in the cloud services industry could impact Cloudflare's market share and pricing power, affecting its revenue growth and profitability.
  • Regulatory changes or cybersecurity threats may pose risks to Cloudflare's operations and reputation, potentially impacting investor confidence in the company.
  • Dependency on technological advancements and continuous innovation to stay competitive in the rapidly evolving cloud services market may require significant investments, impacting short-term profitability.
  • Global economic conditions and geopolitical factors could influence Cloudflare's business operations and expansion plans, introducing uncertainties for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, April 9, 2024. Please send any questions or comments about these Cloudflare pros and cons to contact@marketbeat.com.

NET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cloudflare stock right now?

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 4 sell ratings, 10 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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?

23 Wall Street research analysts have issued 12-month target prices for Cloudflare's shares. Their NET share price targets range from $43.00 to $135.00. On average, they expect the company's share price to reach $87.50 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for NET
or view top-rated stocks among Wall Street analysts.

How have NET shares performed in 2024?

Cloudflare's stock was trading at $83.26 at the beginning of the year. Since then, NET stock has increased by 12.6% and is now trading at $93.73.
View the best growth stocks for 2024 here
.

When is Cloudflare's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our NET earnings forecast
.

How can I listen to Cloudflare's earnings call?

Cloudflare will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Cloudflare's earnings last quarter?

Cloudflare, Inc. (NYSE:NET) posted its earnings results on Thursday, February, 8th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative trailing twelve-month return on equity of 15.92% and a negative net margin of 14.19%.

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

Cloudflare issued an update on its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided EPS guidance of 0.130-0.130 for the period, compared to the consensus EPS estimate of 0.120. The company issued revenue guidance of $372.5 million-$373.5 million, compared to the consensus revenue estimate of $372.3 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?

Cloudflare (NET) raised $385 million in an initial public offering 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 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.

Who are Cloudflare's major shareholders?

Cloudflare's stock is owned by many different institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.13%), Global Assets Advisory LLC (0.02%), Capital CS Group LLC (0.00%), Banque Cantonale Vaudoise (0.01%), Strategic Planning Group LLC (0.01%) and Deane Retirement Strategies Inc. (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NET) was last updated on 4/13/2024 by MarketBeat.com Staff

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