Cloudflare - NET Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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.

21 Wall Street research analysts have issued 12 month price targets for Cloudflare's shares. Their NET share price forecasts range from $36.00 to $114.00. On average, they expect the company's stock price to reach $67.78 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for NET or view top-rated stocks among Wall Street analysts.

Cloudflare's stock was trading at $45.21 on January 1st, 2023. Since then, NET shares have increased by 26.5% and is now trading at $57.17.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our NET earnings forecast.

Cloudflare, Inc. (NYSE:NET) issued its quarterly earnings results on Thursday, February, 9th. The company reported ($0.09) earnings per share for the quarter, meeting the consensus estimate of ($0.09). The company earned $274.70 million during the quarter, compared to analysts' expectations of $274.29 million. Cloudflare had a negative trailing twelve-month return on equity of 27.64% and a negative net margin of 19.83%.

ETFs with the largest weight of Cloudflare (NYSE:NET) stock in their portfolio include Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), Spear Alpha ETF (SPRX), Jacob Forward ETF (JFWD), ETFMG Prime Cyber Security ETF (HACK), Roundhill MEME ETF (MEME), First Trust NASDAQ Cybersecurity ETF (CIBR), Wedbush ETFMG Global Cloud Technology ETF (IVES) and iShares Future Cloud 5G and Tech ETF (IDAT).

Cloudflare updated its FY23 earnings guidance on Thursday, February, 9th. The company provided EPS guidance of $0.15-$0.16 for the period, compared to the consensus earnings per share estimate of $0.16. The company issued revenue guidance of $1.330-$1.342 billion, compared to the consensus revenue estimate of $1.31 billion.

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 (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.

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

Cloudflare's stock is owned by a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (7.97%), Sands Capital Management LLC (4.70%), First Trust Advisors LP (1.93%), Moneta Group Investment Advisors LLC (1.85%), Parallax Volatility Advisers L.P. (0.00%) and Geode Capital Management LLC (1.11%). 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, Uv Partners Iv Lp and Ventures V LP Pelion.
View institutional ownership trends.

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.

One share of NET stock can currently be purchased for approximately $57.17.

Cloudflare (NYSE:NET) has a market capitalization of $18.88 billion and generates $975.24 million in revenue each year. The company earns $-193,380,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis.

The company employs 3,217 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.