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Cloudflare (NET) Stock Forecast, Price & News

$63.12
+0.34 (+0.54%)
(As of 06/8/2023 ET)
Compare
Today's Range
$61.89
$64.37
50-Day Range
$40.48
$70.64
52-Week Range
$37.37
$80.99
Volume
5.02 million shs
Average Volume
5.68 million shs
Market Capitalization
$20.95 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$60.80

Cloudflare MarketRank™ Forecast

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
3.7% Downside
$60.80 Price Target
Short Interest
Bearish
6.11% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.22mentions of Cloudflare in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$29.27 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.32) to ($0.27) Per Share

Overall MarketRank

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

1.58 out of 5 stars

Computer And Technology Sector

520th out of 599 stocks

Prepackaged Software Industry

174th out of 208 stocks


NET stock logo

About Cloudflare (NYSE:NET) Stock

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.

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NET Stock News Headlines

Cloudflare Is Flaring Up After Post-Earnings Overreaction (NET)
Whether Cloudflare’s sharp rebound sticks remains to be seen. What is known is that its five to ten year growth potential is atmospheric.
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Cloudflare, Inc. (NYSE:NET) CEO Sells $3,656,927.04 in Stock
Why Cloudflare (NET) Shares Are Plunging Today
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Cloudflare (NYSE:NET) Shares Gap Down After Insider Selling
Cloudflare (NYSE:NET) Research Coverage Started at UBS Group
Why Cloudflare Stock Was Soaring This Week
Cloudflare: Eternal Optimism
See More Headlines

NET Price History

NET Company Calendar

Last Earnings
4/27/2023
Today
6/08/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

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 Forecast
$60.80
High Stock Price Forecast
$114.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
-4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
23 Analysts

Profitability

Net Income
$-193,380,000.00
Pretax Margin
-17.71%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
278,839,000
Market Cap
$21.22 billion
Optionable
Not Optionable
Beta
0.99

Social Links


Key Executives

  • Mr. Matthew  PrinceMr. Matthew Prince (Age 46)
    Co-Founder, Chairman & CEO
    Comp: $400k
  • Ms. Michelle  ZatlynMs. Michelle Zatlyn (Age 43)
    Co-Founder, COO, Pres & Director
    Comp: $400k
  • Mr. Thomas Josef SeifertMr. Thomas Josef Seifert (Age 59)
    Chief Financial Officer
    Comp: $650k
  • Mr. Douglas James KramerMr. Douglas James Kramer (Age 51)
    Gen. Counsel & Sec.
    Comp: $550k
  • Mr. Lee Holloway
    Co-Founder
  • Mr. Paul D. UnderwoodMr. Paul D. Underwood (Age 54)
    Chief Accounting Officer
  • Mr. - John
    Chief Technology Officer
  • Ms. W. Ling
    Head of Governance Risk & Compliance
  • Daniella Vallurupalli
    VP & Head of Global Communications
  • Mr. Matthew DuBois
    Sales Mang.













NET Stock - 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 year. There are currently 2 sell ratings, 10 hold ratings and 11 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 forecast for 2023?

23 brokers have issued twelve-month price objectives for Cloudflare's stock. Their NET share price forecasts range from $40.00 to $114.00. On average, they anticipate the company's share price to reach $60.80 in the next twelve months. This suggests that the stock has a possible downside of 4.9%.
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 beginning of 2023. Since then, NET shares have increased by 41.4% and is now trading at $63.92.
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, August 3rd 2023.
View our NET earnings forecast
.

How were Cloudflare's earnings last quarter?

Cloudflare, Inc. (NYSE:NET) issued its quarterly earnings results on Thursday, April, 27th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.02. The firm earned $290.18 million during the quarter, compared to analyst estimates of $290.96 million. Cloudflare had a negative trailing twelve-month return on equity of 25.10% and a negative net margin of 18.05%.

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

Cloudflare updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.07-$0.08 for the period, compared to the consensus estimate of $0.03. The company issued revenue guidance of $305.00 million-$306.00 million, compared to the consensus revenue estimate of $319.82 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 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 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."

Who are Cloudflare's major shareholders?

Cloudflare's stock is owned by many different institutional and retail investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Baillie Gifford & Co. (7.79%), Sands Capital Management LLC (4.42%), First Trust Advisors LP (1.57%), Geode Capital Management LLC (1.14%) and Gilder Gagnon Howe & Co. LLC (0.83%). Insiders that own company stock include Associates V Lp Venrock, Carl Ledbetter, Douglas James Kramer, Forest Baskett, Katrin Suder, Maria S Eitel, Matthew Prince, Michelle Zatlyn, Patrick J Kerins, Paul D Underwood, Scott D Sandell, Stanley J Meresman, Thomas J Seifert and Ventures V LP Pelion.
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.

What is Cloudflare's stock price today?

One share of NET stock can currently be purchased for approximately $63.92.

How much money does Cloudflare make?

Cloudflare (NYSE:NET) has a market capitalization of $21.22 billion and generates $975.24 million in revenue each year. The company earns $-193,380,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis.

How many employees does Cloudflare have?

The company employs 3,217 workers across the globe.

How can I contact Cloudflare?

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.

This page (NYSE:NET) was last updated on 6/8/2023 by MarketBeat.com Staff

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