Cloudflare Inc. (NET) Stock Performance in the Last 52 Weeks

The closing price of Cloudflare Inc. (NYSE: NET) was $56.23 for the day, up 0.55% from the previous closing price of $55.92. In other words, the price has increased by $+0.31 from its previous closing price. On the day, 2897076 shares were traded. NET stock price reached its highest trading level at $56.57 during the session, while it also had its lowest trading level at $54.75.

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Our analysis of NET’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 487.93. For the most recent quarter (mrq), Quick Ratio is recorded 4.40 and its Current Ratio is at 4.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 2.20.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 24 when Prince Matthew sold 52,384 shares for $55.77 per share. The transaction valued at 2,921,336 led to the insider holds 10,716 shares of the business.

Prince Matthew sold 52,384 shares of NET for $2,974,854 on May 23. The CEO & Chair of the Board now owns 10,716 shares after completing the transaction at $56.79 per share. On May 22, another insider, Prince Matthew, who serves as the CEO & Chair of the Board of the company, sold 52,384 shares for $57.65 each. As a result, the insider received 3,019,913 and left with 10,716 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NET now has a Market Capitalization of 15.61B and an Enterprise Value of 15.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.88 while its Price-to-Book (P/B) ratio in mrq is 28.40. Its current Enterprise Value per Revenue stands at 14.76 whereas that against EBITDA is -231.59.

Stock Price History:

Over the past 52 weeks, NET has reached a high of $80.99, while it has fallen to a 52-week low of $37.37. The 50-Day Moving Average of the stock is 55.81, while the 200-Day Moving Average is calculated to be 55.01.

Shares Statistics:

NET traded an average of 5.30M shares per day over the past three months and 5.6M shares per day over the past ten days. A total of 330.39M shares are outstanding, with a floating share count of 282.09M. Insiders hold about 0.10% of the company’s shares, while institutions hold 86.60% stake in the company. Shares short for NET as of Apr 27, 2023 were 19.08M with a Short Ratio of 19.08M, compared to 21.09M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.75% and a Short% of Float of 7.44%.

Earnings Estimates

The firm’s stock currently is rated by 25 analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.05, while EPS last year was $0. The consensus estimate for the next quarter is $0.09, with high estimates of $0.1 and low estimates of $0.06.

Analysts are recommending an EPS of between $0.35 and $0.25 for the fiscal current year, implying an average EPS of $0.34. EPS for the following year is $0.42, with 27 analysts recommending between $0.64 and $0.27.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 23 analysts. It ranges from a high estimate of $306.04M to a low estimate of $305M. As of the current estimate, Cloudflare Inc.’s year-ago sales were $234.52M, an estimated increase of 30.30% from the year-ago figure. For the next quarter, 23 analysts are estimating revenue of $329.46M, an increase of 31.50% over than the figure of $30.30% in the same quarter last year. There is a high estimate of $332M for the next quarter, whereas the lowest estimate is $324.9M.

A total of 26 analysts have provided revenue estimates for NET’s current fiscal year. The highest revenue estimate was $1.29B, while the lowest revenue estimate was $1.27B, resulting in an average revenue estimate of $1.28B. In the same quarter a year ago, actual revenue was $975.24M, up 31.40% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $1.67B in the next fiscal year. The high estimate is $1.74B and the low estimate is $1.6B. The average revenue growth estimate for next year is up 30.10% from the average revenue estimate for this year.