CloudFlare, Inc. operates a cloud platform that delivers a range of network services to businesses worldwide.
Cloudflare stock last closed at $43.60, up 0.81% from the previous day, and has decreased 70.48% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.35 percentage points. Cloudflare stock is currently +16.67% from its 52-week low of $37.37, and -74.41% from its 52-week high of $170.40.
As of Dec 6, 2022, there are 328.62M shares of NET outstanding. The market cap of NET is $14.33B. In the last 24 hours, 6.02M NET shares were traded.
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You can view all of the due diligence checks on NET's stock page.
You can use many financial metrics, analyses, models, and charts to gauge NET's intrinsic value.
Using relative valuations measures:
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Out of 20 Wall Street analysts who track NET, the consensus analyst rating on Cloudflare is a Buy
Mark Murphy, a top 42% analyst from JP Morgan upgrades NET to a hold rating and announces their NET price target of $42.00, on Nov 28, 2022.
Keith Weiss, a top 19% analyst from Morgan Stanley maintains NET with a hold rating and lowers their NET price target from $76.00 to $52.00, on Nov 7, 2022.
Gregg Moskowitz, a bottom 2% analyst from Mizuho maintains NET with a hold rating and lowers their NET price target from $65.00 to $60.00, on Nov 4, 2022.
Trevor Walsh, a bottom 23% analyst from JMP Securities maintains NET with a buy rating and lowers their NET price target from $150.00 to $90.00, on Nov 4, 2022.
Matthew Hedberg, a bottom 1% analyst from RBC Capital maintains NET with a buy rating and lowers their NET price target from $74.00 to $60.00, on Nov 4, 2022.
Hedberg lowered his price target on Cloudflare, Inc. by 18.9% following the release of the company's Q3 2022 earnings report on 2022/11/03.
He adjusted his price target "to reflect peer group multiple compression," the analyst explained.
The company's Q3 earnings "beat" was the basis for his decision to maintain his Buy rating, Hedberg continued.
Turning to fundamentals, Cloudflare "continues to navigate the macro environment and looks more resilient than most," the analyst summarized.
The "elevated growth should persist for the foreseeable future," Hedberg concluded, adding that "a transition in sales leadership should help optimize the sales process."
For Q3 2022, Cloudflare reported:
For Q4 2022:
For FY 2022:
Co-Founder & CEO Matthew Prince commented: "We achieved an important milestone in the third quarter, surpassing $1 billion in annualized revenue for the first time. The opportunity we have in front of us is enormous. Even with this achievement, we’ve penetrated less than 1 percent of our identified market for the products we have available today.
“This milestone is a testament to our enormous market opportunity, our ability to land and expand our largest enterprise customers, and the durability of our subscription-based revenue model.
"Now, we’re focused on the path to organically achieve $5 billion in annualized revenue in 5 years, and we're confident we have the products already in-market to get us there.”
You can dive deeper into what analysts are saying on the Cloudflare stock forecast page.
Last year, NET revenue was $894.14M. Over the past three year, NET's revenue has increased by 134.95% per year. This was faster than the Software - Infrastructure industry average of 59.7%.
You can analyze NET's earnings and revenue performance here.
In the past 12 months, 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 $42,983.10 worth of NET stock on Dec 5, 2022.
Research more about who owns NET stock here.
No, Cloudflare doesn't provide an income stream by paying out dividends.
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