After finishing at $99.07 in the prior trading day, Cloudflare Inc (NYSE: NET) closed at $96.55, down -2.54%. In other words, the price has decreased by -$2.52 from its previous closing price. On the day, 2895317 shares were traded.
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Ratios:
Our goal is to gain a better understanding of NET by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 272.90. For the most recent quarter (mrq), Quick Ratio is recorded 3.50 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.83.
On January 18, 2024, Bernstein started tracking the stock assigning a Mkt Perform rating and target price of $85.Bernstein initiated its Mkt Perform rating on January 18, 2024, with a $85 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 20 ’24 when Ledbetter Carl sold 7,968 shares for $95.08 per share. The transaction valued at 757,605 led to the insider holds 1,284,997 shares of the business.
SEIFERT THOMAS J sold 95,000 shares of NET for $8,718,453 on Mar 15 ’24. The Chief Financial Officer now owns 0 shares after completing the transaction at $91.77 per share. On Mar 15 ’24, another insider, SEIFERT THOMAS J, who serves as the Chief Financial Officer of the company, sold 15,000 shares for $91.77 each. As a result, the insider received 1,376,562 and left with 338,469 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 32.60B and an Enterprise Value of 32.36B. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.14 while its Price-to-Book (P/B) ratio in mrq is 42.71. Its current Enterprise Value per Revenue stands at 24.96 whereas that against EBITDA is -894.73.
Stock Price History:
Over the past 52 weeks, NET has reached a high of $116.00, while it has fallen to a 52-week low of $39.90. The 50-Day Moving Average of the stock is 92.74, while the 200-Day Moving Average is calculated to be 73.95.
Shares Statistics:
The stock has traded on average 4.08M shares per day over the past 3-months and 2.81M shares per day over the last 10 days, according to various share statistics. A total of 298.09M shares are outstanding, with a floating share count of 292.42M. Insiders hold about 13.40% of the company’s shares, while institutions hold 74.87% stake in the company. Shares short for NET as of Feb 29, 2024 were 11.76M with a Short Ratio of 2.76, compared to 15.2M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.48% and a Short% of Float of 4.43%.
Earnings Estimates
Its stock is currently analyzed by 25 different market analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.13, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.13, with high estimates of $0.16 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.92 and $0.55 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $0.78, with 29 analysts recommending between $1.24 and $0.64.
Revenue Estimates
25 analysts predict $373.08M in revenue for the current quarter. It ranges from a high estimate of $373.75M to a low estimate of $371.4M. As of the current estimate, Cloudflare Inc’s year-ago sales were $290.8M, an estimated increase of 28.30% from the year-ago figure. For the next quarter, 25 analysts are estimating revenue of $393.44M, an increase of 27.50% less than the figure of $28.30% in the same quarter last year. There is a high estimate of $399M for the next quarter, whereas the lowest estimate is $389.32M.
A total of 29 analysts have provided revenue estimates for NET’s current fiscal year. The highest revenue estimate was $1.75B, while the lowest revenue estimate was $1.65B, resulting in an average revenue estimate of $1.66B. In the same quarter a year ago, actual revenue was $1.3B, up 27.70% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $2.12B in the next fiscal year. The high estimate is $2.43B and the low estimate is $2.04B. The average revenue growth estimate for next year is up 27.80% from the average revenue estimate for this year.
