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The closing price of Cloudflare Inc (NYSE: NET) was $88.00 for the day, down -3.34% from the previous closing price of $91.04. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 2.86 million shares were traded. NET stock price reached its highest trading level at $90.93 during the session, while it also had its lowest trading level at $87.3458.
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 17.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 248.74. 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:
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 Apr 11 ’24 when Prince Matthew sold 52,384 shares for $95.29 per share. The transaction valued at 4,991,826 led to the insider holds 0 shares of the business.
Prince Matthew sold 52,384 shares of NET for $4,973,089 on Apr 10 ’24. The CEO & Chair of the Board now owns 0 shares after completing the transaction at $94.94 per share. On Apr 10 ’24, another insider, Ledbetter Carl, who serves as the Director of the company, sold 44,154 shares for $94.37 each. As a result, the insider received 4,166,635 and left with 1,222,859 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 29713993728 and an Enterprise Value of 29475473408. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.91 while its Price-to-Book (P/B) ratio in mrq is 38.93. Its current Enterprise Value per Revenue stands at 22.73 whereas that against EBITDA is -414.185.
Stock Price History:
The Beta on a monthly basis for NET is 1.14, which has changed by 0.41003048 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 -8.50%, while the 200-Day Moving Average is calculated to be 16.08%.
Shares Statistics:
NET traded an average of 4.00M shares per day over the past three months and 2464960 shares per day over the past ten days. A total of 298.09M shares are outstanding, with a floating share count of 292.45M. Insiders hold about 13.39% of the company’s shares, while institutions hold 74.92% stake in the company. Shares short for NET as of 1711584000 were 11404894 with a Short Ratio of 2.85, compared to 1709164800 on 11757276. Therefore, it implies a Short% of Shares Outstanding of 11404894 and a Short% of Float of 4.3.
Earnings Estimates
Cloudflare Inc (NET) is currently under the scrutiny of 24 analysts, each contributing to the ongoing evaluation of its stock.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 28 analysts recommending between $1.24 and $0.64.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 24 analysts. 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, 24 analysts are estimating revenue of $393.42M, 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 28 analysts have provided revenue estimates for NET’s current fiscal year. The highest revenue estimate was $1.75B, while the lowest revenue estimate was $1.6B, resulting in an average revenue estimate of $1.65B. In the same quarter a year ago, actual revenue was $1.3B, up 27.60% from the average estimate. Based on 28 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 27.90% from the average revenue estimate for this year.
