Cloudflare Inc (NYSE:NET) has a beta value of 1.10 and has seen 0.76 million shares traded in the recent trading session. The company, currently valued at $31.55B, closed the recent trade at $92.34 per share which meant it lost -$1.46 on the day or -1.56% during that session. The NET stock price is -25.62% off its 52-week high price of $116.00 and 41.65% above the 52-week low of $53.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.86 million shares traded. The 3-month trading volume is 2.37 million shares.

The consensus among analysts is that Cloudflare Inc (NET) is Hold stock at the moment, with a recommendation rating of 2.54. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 10 out of 18 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight.

Cloudflare Inc (NYSE:NET) trade information

Sporting -1.56% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NET stock price touched $92.34 or saw a rise of 4.11%. Year-to-date, Cloudflare Inc shares have moved 10.91%, while the 5-day performance has seen it change 8.70%. Over the past 30 days, the shares of Cloudflare Inc (NYSE:NET) have changed 16.72%. Short interest in the company has seen 10.18 million shares shorted with days to cover at 4.91.

Wall Street analysts have a consensus price target for the stock at $89, which means that the shares’ value could drop -3.75% from the levels at last check today. The projected low price target is $50.0 while the price target rests at a high of $180.0. In that case, then, we find that the latest price level in today’s session is -94.93% off the targeted high while a plunge would see the stock lose 45.85% from the levels at last check today.

Cloudflare Inc (NET) estimates and forecasts

Figures show that Cloudflare Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 4.93% over the past 6 months, with this year growth rate of 44.90%, compared to 19.00% for the industry.

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 -13.56% over the past 5 years. Earnings growth for 2024 is a modest 44.94% while over the next 5 years, the company’s earnings are expected to increase by 56.11%.

NET Dividends

Cloudflare Inc is expected to release its next earnings report on 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Cloudflare Inc (NYSE:NET)’s Major holders

Insiders own 0.59% of the company shares, while shares held by institutions stand at 86.46% with a share float percentage of 86.98%. Investors are also buoyed by the number of investors in a company, with Cloudflare Inc having a total of 959.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL WORLD INVESTORS with over 33.34 million shares worth more than $2.76 billion. As of 2024-06-30, CAPITAL WORLD INVESTORS held 9.8469% of shares outstanding.

The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 32.72 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.71 billion and represent 9.6646% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 6.43% shares in the company for having 19.52 shares of worth $1.8 billion while later fund manager owns 9.05 shares of worth $834.59 million as of Jun 30, 2024, which makes it owner of about 2.98% of company’s outstanding stock.