Cloudflare, Inc. (NYSE:NET) has seen 3,182,826 shares traded in the recent trading session. The company, currently valued at $10.59 Billion, closed the recent trade at $34.85 per share which meant it lost -$0.6 on the day or -1.83% during that session. The NET stock price is -10.42% off its 52-week high price of $38.48 and 58.39% above the 52-week low of $14.5. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.18 Million shares traded. The 3-month trading volume is 5.19 Million shares.
The consensus among analysts is that Cloudflare, Inc. (NET) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 14 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Cloudflare, Inc. (NYSE:NET) trade information
Despite being -2.63% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the NET stock price touched $37.66- or saw a rise of 8.02%. Year-to-date, Cloudflare, Inc. shares have moved 103.05%, while the 5-day performance has seen it change -6.38%. Over the past 30 days, the shares of Cloudflare, Inc. (NYSE:NET) have changed 19.16%. Short interest in the company has seen 6.64 Million shares shorted with days to cover at 1.28.
Wall Street analysts have a consensus price target for the stock at $31.54, which means that the shares’ value could jump -9.5% from current levels. The projected low price target is $24 while the price target rests at a high of $39. In that case, then, we find that the current price level is +11.91% off the targeted high while a plunge would see the stock lose -31.13% from current levels.
Cloudflare, Inc. (NET) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -143.4% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Cloudflare, Inc. (NYSE:NET)’s Major holders
Insiders own 5.54% of the company shares, while shares held by institutions stand at 47.28% with a share float percentage of 50.05%. Investors are also buoyed by the number of investors in a company, with Cloudflare, Inc. having a total of 162 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 21.72 Million shares worth more than $509.93 Million. As of March 30, 2020, FMR, LLC held 13.16% of shares outstanding.
The other major institutional holder is Franklin Resources, Inc, with the holding of over 5.46 Million shares as of March 30, 2020. The firm’s total holdings are worth over $128.11 Million and represent 3.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Contrafund Inc and Fidelity Growth Company Fund. As of March 30, 2020, the former fund manager holds about 3.96% shares in the company for having 6541009 shares of worth $153.58 Million while later fund manager owns 5.1 Million shares of worth $119.78 Million as of March 30, 2020, which makes it owner of about 3.09% of company’s outstanding stock.