During the recent session, Cloudflare Inc (NYSE:NET)’s traded shares were 0.58 million, with the beta value of the company hitting 1.54. At the last check today, the stock’s price was $128.68, reflecting an intraday loss of -1.79% or -$2.34. The 52-week high for the NET share is $177.37, that puts it down -37.84 from that peak though still a striking 48.52% gain since the share price plummeted to a 52-week low of $66.24. The company’s market capitalization is $44.40B, and the average trade volume was 3.54 million shares over the past three months.
Cloudflare Inc (NET) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.47. NET has a Sell rating from 1 analyst(s) out of 18 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.16.
Cloudflare Inc (NYSE:NET) trade information
Cloudflare Inc (NET) registered a -1.79% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.79% in intraday trading to $128.68, hitting a weekly high. The stock’s 5-day price performance is -11.44%, and it has moved by -10.82% in 30 days. Based on these gigs, the overall price performance for the year is 34.08%.
The consensus price target of analysts on Wall Street is $135, which implies an increase of 4.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $92 and $140 respectively. As a result, NET is trading at a discount of -8.8% off the target high and 28.5% off the low.
Cloudflare Inc (NET) estimates and forecasts
In the rating firms’ projections, revenue will increase 25.51% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 469.26M as predicted by 26 analyst(s). Meanwhile, a consensus of 26 analyst(s) estimates revenue growth to 501.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 378.6M and 401M respectively. In this case, analysts expect current quarter sales to grow by 23.94% and then jump by 25.17% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.13%. While earnings are projected to return 6.45% in 2025, the next five years will return 23.75% per annum.
NET Dividends
Cloudflare Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cloudflare Inc (NYSE:NET)’s Major holders
The next largest institutional holding, with 32.72 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 9.606% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.71 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Cloudflare Inc (NET) shares are Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. Data provided on Dec 31, 2024 indicates that Growth Fund of America Inc owns about 19.52 shares. This amounts to just over 6.33 percent of the company’s overall shares, with a $2.46 billion market value. The same data shows that the other fund manager holds slightly less at 9.15, or about 2.97% of the stock, which is worth about $1.15 billion.
