In today’s recent session, 1.28 million shares of the Cloudflare Inc (NYSE:NET) have been traded, and its beta is 1.79. Most recently the company’s share price was $112.31, and it changed around $3.17 or 2.90% from the last close, which brings the market valuation of the company to $38.75B. NET at last check was trading at a discount to its 52-week high of $177.37, offering almost -57.93% off that amount. The share price’s 52-week low was $66.24, which indicates that the recent value has risen by an impressive 41.02% since then. We note from Cloudflare Inc’s average daily trading volume that its 10-day average is 4.65 million shares, with the 3-month average coming to 4.29 million.
Cloudflare Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.25. If we narrow it down even further, the data shows that 1 out of 35 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 17 recommended NET as a Hold, whereas 10 deemed it a Buy, and 1 rated it as Underweight. Cloudflare Inc is expected to report earnings per share of 0.16 for the current quarter.
Cloudflare Inc (NYSE:NET) trade information
Instantly NET has been showing a green trend so far today with a performance of 2.90% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 113.66 on recent trading dayincreased the stock’s daily price by 1.19%. The company’s shares are currently up 4.30% year-to-date, but still down -0.23% over the last five days. On the other hand, Cloudflare Inc (NYSE:NET) is -2.44% down in the 30-day period. We can see from the shorts that 5.87 million shares have been sold at a short interest cover period of 1.43 day(s).
The consensus price target as assigned by Wall Street analysts is $135, which translates to bulls needing to increase their stock price by 16.81% from its current value. Analyst projections state that NET is forecast to be at a low of $92 and a high of $140.
Cloudflare Inc (NET) estimates and forecasts
The year-over-year growth rate is expected to be 25.54%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 469.49M in revenue for the current quarter. 27 analysts expect Cloudflare Inc to make 502.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 378.6M and 401M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.01%. Forecasts for the next quarter put sales growth at 25.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.13%. Cloudflare Inc earnings are expected to increase by 6.24% in 2025, but the outlook is positive 23.79% per year for the next five years.
NET Dividends
Cloudflare Inc’s next quarterly earnings report is expected to be released on 2025-Feb-05.
Cloudflare Inc (NYSE:NET)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.91% of Cloudflare Inc shares, and 88.31% of them are in the hands of institutional investors. The stock currently has a share float of 89.12%. Cloudflare Inc stock is held by 1121.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 9.7872% of the shares, which is about 33.34 million shares worth $2.76 billion.
BAILLIE GIFFORD & CO, with 9.606% or 32.72 million shares worth $2.71 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
GROWTH FUND OF AMERICA and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 19.52 shares worth $2.19 billion, making up 6.33% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 9.08 shares worth around $1.02 billion, which represents about 2.95% of the total shares outstanding.
