NYSE:NETCloudflare Stock Price, Forecast & News

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Cloudflare include Electronic Arts (EA), Veeva Systems (VEEV), Docusign (DOCU), Twilio (TWLO), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Datadog (DDOG), Okta (OKTA), ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC) and Citrix Systems (CTXS). View all competitors.

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).

(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.

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

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.

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

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.

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

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]