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DOW   39,131.53
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Top Analyst Exposes Imminent Crisis Hurtling Towards America (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi

Cloudflare (NET) Stock Price, News & Analysis

$98.45
-1.02 (-1.03%)
(As of 02/23/2024 ET)
Today's Range
$97.14
$101.66
50-Day Range
$76.26
$107.81
52-Week Range
$39.90
$116.00
Volume
2.95 million shs
Average Volume
6.22 million shs
Market Capitalization
$33.06 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
11.1% Downside
$87.50 Price Target
Short Interest
Healthy
4.53% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.98
Upright™ Environmental Score
News Sentiment
0.38mentions of Cloudflare in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$99.91 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.21) 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.

3.92 out of 5 stars

Computer And Technology Sector

177th out of 585 stocks

Software - Infrastructure Industry

3rd out of 3 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

5 stocks growing shareholder equity in 2024
Shareholder equity is among the most important metrics for investors to track. Shareholder equity is the value left to investors after all liabilities are covered and represents the business's intrinsic value.
5 stocks growing shareholder equity in 2024 (NET)
Shareholder equity is a measure of business value that investors should pay attention to. This is a look at five stocks growing equity in 2024.
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
Cloudflare results spark analysts reset: 25% upside ahead
The Cloudflare Inc. NYSE: NET Q4 results and guidance sparked an analyst reset that has the cybersecurity stock up 25% in after-hours trading and on track for another 25% gain in 2024. The results confirm a solid growth trajectory, and margins are widening, leading to accelerated earnings growth and higher stock price targets from the analysts.
Cloudflare results spark analysts reset: 25% upside ahead
Cloudflare's utility to businesses and enterprises is driving outperformance and broader margins. Analysts are raising targets.
NET Mar 2024 106.000 call
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
NET Mar 2024 115.000 put
Cloudflare price target raised by $44 at Argus, here's why
Do You think Cloudflare (NET) is Gaining Market Share?
Cloudflare, Inc. (NYSE:NET) CFO Sells $2,694,120.56 in Stock
NET Feb 2024 120.000 put
3 AI-Exposed Stocks to Grab Before Wall Street Catches On
Decoding Cloudflare Inc (NET): A Strategic SWOT Insight
Cloudflare Inc CFO Thomas Seifert Sells 27,901 Shares
Here's Why Cloudflare (NET) is a Strong Momentum Stock
Cloudflare Stock: Buy, Sell, or Hold?
Cloudflare Stock: Buy, Sell, or Hold?
Cloudflare, Inc. (NYSE:NET) COO Michelle Zatlyn Sells 25,640 Shares
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
2/25/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Software - Infrastructure
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
-11.1%
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
$2.27 per share

Miscellaneous

Free Float
286,078,000
Market Cap
$33.06 billion
Optionable
Not Optionable
Beta
1.10

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Should I Buy Cloudflare Stock? NET Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cloudflare was last updated on Tuesday, February 20, 2024 at 2:38 PM.

Pros

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

  • Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
  • Cloudflare, Inc. is on a mission to help build a better Internet.
  • Cloudflare's platform protects and accelerates any Internet application online.
  • Cloudflare has a strong presence in major cities around the world.
  • Cloudflare's recent developments have shown positive growth potential.

Cons

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

  • Netcall plc engages in the design, development, sale, and support of software products and services.
  • Netlinkz Limited provides network solutions in Australia, New Zealand, China, and internationally.
  • Netlinkz Limited offers Virtual Secure Network technology.
  • Netlinkz Limited has a strong presence in multiple countries.
  • Netlinkz Limited's recent developments have shown positive growth potential.














NET Stock Analysis - Frequently Asked Questions

Should I buy or sell Cloudflare stock right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cloudflare in the last year. There are currently 4 sell ratings, 10 hold ratings and 9 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.

What is Cloudflare's stock price target for 2024?

23 equities research analysts have issued 1 year target prices for Cloudflare's shares. Their NET share price targets range from $43.00 to $135.00. On average, they anticipate the company's stock price to reach $87.50 in the next year. This suggests that the stock has a possible downside of 11.1%.
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 start of the year. Since then, NET stock has increased by 18.2% and is now trading at $98.45.
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, April 25th 2024.
View our NET earnings forecast
.

How were Cloudflare's earnings last quarter?

Cloudflare, Inc. (NYSE:NET) announced its quarterly earnings data on Thursday, November, 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.05. The firm had revenue of $172.35 million for the quarter, compared to the consensus estimate of $165.65 million. Cloudflare had a negative trailing twelve-month return on equity of 15.92% and a negative net margin of 14.19%. The company's revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS.

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

Cloudflare updated its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share 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?

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

Who are Cloudflare's major shareholders?

Cloudflare's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (9.21%), Vanguard Group Inc. (8.39%), Capital World Investors (8.20%), Sands Capital Management LLC (3.16%), First Trust Advisors LP (1.49%) and Legal & General Group Plc (1.10%). 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 2/25/2024 by MarketBeat.com Staff