In the last trading session, 2.45 million Cloudflare Inc (NYSE:NET) shares changed hands as the company’s beta touched 1.58. With the company’s per share price at $115.12 changed hands at -$0.9 or -0.78% during last session, the market valuation stood at $39.73B. NET’s last price was a discount, traded about -54.07% off its 52-week high of $177.37. The share price had its 52-week low at $66.24, which suggests the last value was 42.46% up since then. When we look at Cloudflare Inc’s average trading volume, we note the 10-day average is 4.51 million shares, with the 3-month average coming to 3.84 million.
Analysts gave the Cloudflare Inc (NET) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.47. If we narrow down to specifics, the data shows that 1 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 10 recommended NET as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Cloudflare Inc’s EPS for the current quarter is expected to be 0.16.
Cloudflare Inc (NYSE:NET) trade information
Instantly NET was in red as seen at the end of in last trading. With action -4.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 6.91%, with the 5-day performance at -4.12% in the red. However, in the 30-day time frame, Cloudflare Inc (NYSE:NET) is -32.74% down. Looking at the short shares, we see there were 7.3 million shares sold at short interest cover period of 1.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 135, meaning bulls need an upside of 14.73% from its current market value. According to analyst projections, NET’s forecast low is 92 with 140 as the target high. To hit the forecast high, the stock’s price needs a -21.61% plunge from its current level, while the stock would need to tank 20.08% for it to hit the projected low.
Cloudflare Inc (NET) estimates and forecasts
Year-over-year growth is forecast to reach 25.52% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 469.27M. 27 analysts are of the opinion that Cloudflare Inc’s revenue for the current quarter will be 501.95M. The company’s revenue for the corresponding quarters a year ago was 378.6M and 401M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.95%. The estimates for the next quarter sales put growth at 25.18%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.13%. The 2025 estimates are for Cloudflare Inc earnings to increase by 6.43%, but the outlook for the next 5-year period is at 23.75% per year.
NET Dividends
Cloudflare Inc is expected to release its next quarterly earnings report on 2025-Feb-05.
Cloudflare Inc (NYSE:NET)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.75% of Cloudflare Inc shares while 88.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.84%. There are 88.18% institutions holding the Cloudflare Inc stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 9.7872% of the shares, roughly 33.34 million NET shares worth $2.76 billion.
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 9.606% or 32.72 million shares worth $2.71 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Growth Fund of America Inc and Vanguard Total Stock Market Index Fund . With 19.52 shares estimated at $2.25 billion under it, the former controlled 6.33% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.95% of the shares, roughly 9.08 shares worth around $1.05 billion.
