In recent trading session, Cloudflare Inc (NYSE:NET) saw 9.7 million shares changing hands at last check today with its beta currently measuring 1.15. Company’s recent per share price level of $73.55 trading at -$15.42 or -17.33% at last check today assigns it a market valuation of $24.83B. That most recent trading price of NET’s stock is at a discount of -57.72% from its 52-week high price of $116.00 and is indicating a premium of 45.75% from its 52-week low price of $39.90. Taking a look at company’s average trading volume of 4.06 million if we extend that period to 3-months.
Cloudflare Inc (NYSE:NET) trade information
Upright in the red during last session for losing -17.33%, in the last five days NET remained trading in the red while hitting it’s week-highest on Tuesday, 04/30/24 when the stock touched $73.55 price level, adding 19.7% to its value on the day. Cloudflare Inc’s shares saw a change of -11.66% in year-to-date performance and have moved -16.43% in past 5-day. Cloudflare Inc (NYSE:NET) showed a performance of -21.13% in past 30-days.
Cloudflare Inc (NET) estimates and forecasts
Statistics highlight that Cloudflare Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 33.85% of value to its shares in past 6 months, showing an annual growth rate of 18.37% while that of industry is 21.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.50% from the last financial year’s standing.
24 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 393.47M for the same. And 24 analysts are in estimates of company making revenue of 425.57M in the next quarter. Company posted 308.49M and 330.53M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -13.56% during past 5 years.
NET Dividends
Cloudflare Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
