The price of Cloudflare Inc (NYSE: NET) closed at $97.49 in the last session, up 1.58% from day before closing price of $95.97. In other words, the price has increased by $+1.52 from its previous closing price. On the day, 2631921 shares were traded.
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Ratios:
We take a closer look at NET’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 275.56. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when SEIFERT THOMAS J sold 15,000 shares for $99.87 per share. The transaction valued at 1,498,088 led to the insider holds 338,469 shares of the business.
Kramer Douglas James sold 3,000 shares of NET for $298,920 on Mar 04 ’24. The CHIEF LEGAL OFFICER now owns 205,238 shares after completing the transaction at $99.64 per share. On Feb 29 ’24, another insider, Eitel Maria S, who serves as the Director of the company, sold 6,875 shares for $98.51 each. As a result, the insider received 677,248 and left with 23,513 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 32.92B and an Enterprise Value of 32.68B. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.39 while its Price-to-Book (P/B) ratio in mrq is 43.12. Its current Enterprise Value per Revenue stands at 25.20 whereas that against EBITDA is -903.51.
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 87.82, while the 200-Day Moving Average is calculated to be 71.27.
Shares Statistics:
According to the various share statistics, NET traded on average about 4.10M shares per day over the past 3-months and 3.78M shares per day over the past 10 days. A total of 298.09M shares are outstanding, with a floating share count of 292.22M. Insiders hold about 13.46% of the company’s shares, while institutions hold 74.86% stake in the company. Shares short for NET as of Feb 15, 2024 were 12.01M with a Short Ratio of 2.93, compared to 15.85M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.56% and a Short% of Float of 4.53%.
Earnings Estimates
The company has 25 analysts who recommend its stock at the moment. 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
According to 25 analysts, the current quarter’s revenue is expected to be $373.08M. 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.
