How to Buy Cloudflare Stock
Cloudflare Inc
CloudFlare, Inc. operates a cloud platform that delivers a range of network services to businesses worldwide.
Cloudflare stock last closed at $87.68, down 0.23% from the previous day, and has increased 40.29% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.26 percentage points. Cloudflare stock is currently +119.75% from its 52-week low of $39.90, and -24.41% from its 52-week high of $116.00.
At the moment, there are 337.66M NET shares outstanding. The market cap of NET is $29.61B. In the last 24 hours, 1.99M NET shares were traded.
How to Buy Cloudflare Stock
Wondering how to invest in Cloudflare stock? Here's how.
- Choose where to buy Cloudflare stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Cloudflare stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your info.
- Analyze Cloudflare stock: The Cloudflare ticker symbol is NET. Is Cloudflare stock a good investment? Should you buy shares of NET? How do NET's underlying business fundamentals look? Do top analysts think Cloudflare is a good buy? Why has NET's stock price moved recently? (Hint: Our stock research tools can help you decide if NET is a good stock to buy).
- Make your NET trade: Decide if you will purchase NET shares at the current market price or use a limit order to buy NET stock at a specific price.
- Watch your NET investment: Create a watchlist to keep track of your position in Cloudflare stock.
Step 1: Choose where to buy Cloudflare stock
You will need an online brokerage account in order to access the NYSE market and buy NET stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best online stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Tech to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you can buy NET today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've created your account on a investment app, you can securely and quickly fund your account:
Watch the video below to see the process of depositing money into your brokerage account.
Step 4: Analyze Cloudflare stock
After you have chosen the best place to buy Cloudflare stock, it's crucial to analyze their stock before you invest, so you truly comprehend the risk as well as the upside.
Cloudflare stock quick numbers
Cloudflare Overview
WallStreetZen was created to help everyday investors do better fundamental analysis quickly.
You can view all of the due diligence checks on NET's stock page.
What is the fair value of NET stock?
Investors use many financial metrics, analyses, models, and charts to gauge NET's true value.
Using relative valuations methods:
- NET may be overvalued based on its P/B ratio of 38.8x, relative to Software - Infrastructure industry P/B ratio of 11.8x
You can do additional valuation analysis on NET's stock here.
A quick look at NET Financials
Positive Health Checks:
- NET profit margin has gone up from -19.8% to -14.2% in the past year.
- Total NET debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the NET balance sheet.
- There are more short-term assets than short-term liabilities on the NET balance sheet.
Negative Health Checks:
- NET has a relatively high debt to equity ratio of 2.62.
- NET's operating cash flow of $254.41M allows it to safely service it's debt of $1.44B.
- NET earnings of -$171.99M is not sufficient to cover its interest payments.
Is Cloudflare stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 14 Equities analysts who give recommendations on NET, the consensus analyst rating on NET is a Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Latest NET Analyst Upgrades/Downgrades
Thomas Blakey, a top 20% analyst from KeyBanc maintains NET with a strong buy rating and raises their NET price target from $94.00 to $132.00, on Feb 9, 2024.
Mark Murphy, a top 9% analyst from JP Morgan maintains NET with a hold rating and raises their NET price target from $53.00 to $90.00, on Feb 9, 2024.
Matthew Hedberg, a top 1% analyst from RBC Capital maintains NET with a buy rating and raises their NET price target from $95.00 to $108.00, on Feb 9, 2024.
Aaron Samuels, a bottom 36% analyst from Susquehanna maintains NET with a hold rating and raises their NET price target from $75.00 to $115.00, on Feb 9, 2024.
Andrew Nowinski, a top 11% analyst from Wells Fargo maintains NET with a strong buy rating and raises their NET price target from $95.00 to $125.00, on Feb 9, 2024.
You can dive deeper into what analysts are projecting on the Cloudflare stock forecast page.
NET Technicals
NET Earnings
Last year, NET revenue was $1.30B. During the past five year, NET's revenue has gone up by 46.42% per year. This was faster than the Software - Infrastructure industry average of 17.1%.
Learn more about NET's earnings and revenue performance here.
Latest Insiders Trades at NET
Over the past year, executives and large shareholders at NET have sold more shares than they have bought.
Thomas J. Seifert, CHIEF FINANCIAL OFFICER of NET, was the latest NET insider to sell. They sold $70,567.20 worth of NET shares on Apr 18, 2024.
Learn more about who owns NET stock here.
Can I get consistent income from NET stock?
No, Cloudflare doesn't provide an income stream by paying out dividends.
NET Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your NET trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Press the Open button and eToro will place the order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Watch your NET investment
Now that you own some NET stock, you'll want to keep up with your new company.
Create a watchlist to track the latest developments regarding your NET stock.
NET Feed
How to Buy Stock in Cloudflare
To reiterate, here are the 6 steps you need to take to buy Cloudflare stock right now:
- Choose where to buy Cloudflare stock
- Open a brokerage account
- Deposit money your brokerage account
- Analyze Cloudflare stock
- Make your NET trade
- Watch your NET investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Cloudflare, create a watchlist on WallStreetZen today.
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