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The closing price of Cloudflare Inc (NYSE: NET) was $82.37 for the day, up 0.05% from the previous closing price of $82.33. In other words, the price has increased by $0.05 from its previous closing price. On the day, 1.42 million shares were traded. NET stock price reached its highest trading level at $82.49 during the session, while it also had its lowest trading level at $81.11.
Ratios:
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 16.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 176.50. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 3.51. In the meantime, Its Debt-to-Equity ratio is 1.63 whereas as Long-Term Debt/Eq ratio is at 1.59.
On July 08, 2024, Scotiabank started tracking the stock assigning a Sector Perform rating and target price of $85.
UBS Upgraded its Sell to Neutral on June 25, 2024, whereas the target price for the stock was revised from $76 to $82.
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 Aug 20 ’24 when Michelle Zatlyn bought 240,237 shares for $82.38 per share.
THOMAS J SEIFERT bought 28,636 shares of NET for $2,407,429 on Aug 20 ’24. On May 29 ’24, another insider, Riley Janel, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 17,938 shares for $73.47 each. As a result, the insider received 1,317,982 and left with 87,270 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 28146077696 and an Enterprise Value of 27827247104. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.05 while its Price-to-Book (P/B) ratio in mrq is 31.91. Its current Enterprise Value per Revenue stands at 18.832 whereas that against EBITDA is -578.722.
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 $53.88. The 50-Day Moving Average of the stock is 3.56%, while the 200-Day Moving Average is calculated to be -0.28%.
Shares Statistics:
NET traded an average of 2.94M shares per day over the past three months and 1663410 shares per day over the past ten days. A total of 298.09M shares are outstanding, with a floating share count of 297.97M. Insiders hold about 12.80% of the company’s shares, while institutions hold 83.80% stake in the company. Shares short for NET as of 1722384000 were 9460520 with a Short Ratio of 3.21, compared to 1719532800 on 9481957. Therefore, it implies a Short% of Shares Outstanding of 9460520 and a Short% of Float of 3.49.
Earnings Estimates
Currently, 26.0 analysts are dedicated to thoroughly evaluating and rating the performance of Cloudflare Inc (NET) in the stock market.The consensus estimate for the next quarter is $0.17, with high estimates of $0.21 and low estimates of $0.16.
Analysts are recommending an EPS of between $0.8 and $0.69 for the fiscal current year, implying an average EPS of $0.72. EPS for the following year is $0.86, with 29.0 analysts recommending between $1.05 and $0.71.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 27 analysts. It ranges from a high estimate of $431.12M to a low estimate of $423M. As of the current estimate, Cloudflare Inc’s year-ago sales were $330.53MFor the next quarter, 27 analysts are estimating revenue of $455.66M. There is a high estimate of $478.55M for the next quarter, whereas the lowest estimate is $449.9M.
A total of 29 analysts have provided revenue estimates for NET’s current fiscal year. The highest revenue estimate was $1.69B, while the lowest revenue estimate was $1.66B, resulting in an average revenue estimate of $1.66B. In the same quarter a year ago, actual revenue was $1.3BBased on 29 analysts’ estimates, the company’s revenue will be $2.11B in the next fiscal year. The high estimate is $2.28B and the low estimate is $2.05B.
