Cloudflare - NET Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last year. There are currently 1 sell rating, 11 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.
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21 Wall Street analysts have issued twelve-month target prices for Cloudflare's stock. Their NET share price forecasts range from $42.00 to $200.00. On average, they expect the company's share price to reach $112.57 in the next year. This suggests a possible upside of 103.5% from the stock's current price.
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Cloudflare's stock was trading at $131.50 on January 1st, 2022. Since then, NET shares have decreased by 57.9% and is now trading at $55.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our NET earnings forecast.

Cloudflare, Inc. (NYSE:NET) posted its earnings results on Thursday, August, 4th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by $0.07. The company had revenue of $234.52 million for the quarter, compared to analyst estimates of $227.52 million. Cloudflare had a negative net margin of 35.66% and a negative trailing twelve-month return on equity of 23.62%.

Cloudflare issued an update on its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided earnings per share (EPS) guidance of 0-$0.01 for the period, compared to the consensus EPS estimate of $0.01. The company issued revenue guidance of $250.00 million-$251.00 million, compared to the consensus revenue estimate of $246.91 million.

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.

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).

(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 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.

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

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.
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One share of NET stock can currently be purchased for approximately $55.31.

Cloudflare (NYSE:NET) has a market capitalization of $18.04 billion and generates $656.43 million in revenue each year. The company earns $-260,310,000.00 in net income (profit) each year or ($0.91) on an earnings per share basis.

The company employs 2,440 workers across the globe.

Cloudflare's mailing address is 101 Townsend Street, San Francisco CA, 94107. The official website for the company is www.cloudflare.com. The company can be reached via phone at 888-993-5273 or via email at ir@cloudflare.com.