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NYSE: NET

How to Buy Cloudflare Stock

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Cloudflare Inc

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.

How to Buy Cloudflare Stock

Not sure how to invest in Cloudflare stock? Here's how.
  1. Choose where to buy Cloudflare stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Cloudflare stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found. It's the best place to buy NET stock.
  3. Deposit money your brokerage account: Choose your method of payment and add your details.
  4. 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 understand if NET is a good stock to buy).
  5. Make your NET trade: Decide if you will purchase NET shares at the current market price or use a limit order to purchase NET stock at a specific price.
  6. Watch your NET investment: Create a watchlist to key updates about your new investment in Cloudflare shares.

Step 1: Choose where to buy Cloudflare stock

You will need an online brokerage account to access the NYSE market and buy NET stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our recommended brokerage: eToro

In our opinion, eToro is the best online stock brokerage. eToro gives you:

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  • Social investing: eToro offers a community of more than 20 million users globally. 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 opening an account with eToro today.

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal details so you can buy NET stock today.

How to Set Up a New Account on eToro

  1. Click here to get started.
  2. Input your personal info to create a new brokerage account.
  1. Submit your data by hitting the "Create Account" button.
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Step 3: Deposit money your brokerage account

Check out the walkthrough below for more details transferring funds into your investment account.

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Step 4: Analyze Cloudflare stock

It's critical to evaluate stocks prior to investing, so you actually wrap your head around the risk as well as the upside.

Cloudflare stock data

NET Price
$43.60
1w %
-2.26%
1y %
-70.48%
5y %
N/A
P/E
-62.29x
P/B
24.12x
P/S
15.92x
PEG
N/A
Revenue
$894.14M
Earnings
-$224.97M
Fore. Rev. Growth
24.06%
Fore. Earn. Growth
N/A
Market Cap
$14.33B
Next Earnings
N/A
Next Dividend
N/A

Cloudflare Fundamentals

WallStreetZen was designed to help average investors perform better fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on NET's stock page.

Is NET stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge NET's intrinsic value.

Using relative valuations measures:

  • NET could be overvalued based on its P/B ratio of 24.12x, relative to Software - Infrastructure industry P/B ratio of 9.97x

You can do more valuation research on NET's stock here.

NET Financial Health Overview

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the NET balance sheet.
  • There are more short-term assets than long-term liabilities on the NET balance sheet.
  • NET has $1.65B in cash and short term investments. This is enough to cover its annual cash burn of $64.79M.
  • NET has cash burn of 64793000. It has sufficient cash and short-term investments to cover this for at least one year.

Negative Health Checks:

  • NET profit margin has gone up by 0.12 percentage points in the past year, but the company is still unprofitable.
  • NET has a relatively high debt to equity ratio of 3.19.

Is it a good time to buy NET stock, according to analysts?

Out of 20 Wall Street analysts who track NET, the consensus analyst rating on Cloudflare is a Buy

Should I buy or sell NET stock?

Based on 20 analysts offering ratings for Cloudflare Inc.
Buy
Strong Buy
3 analysts 15%
Buy
6 analysts 30%
Hold
10 analysts 50%
Sell
0 analysts 0%
Strong Sell
1 analysts 5%

Latest NET Analyst Upgrades/Downgrades

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:

  • Loss per share of $0.13, which beat the consensus estimate by 33% and, by 61.8%, Q3 2021's $(0.34).
  • Revenue of 253.9M, which beat the consensus estimate by1.6% and, by 47%, Q3 2021's 172.35M.
  • "Strong" large customer growth (159 new large customers in the quarter,), bringing the total number of large customers to 1,908.
  • Free cash flow of $(4.6M), or 2.0% of revenue, compared to $(39.7M), or 23% of revenue, in Q3 2021.

Management guided:

For Q4 2022:

  • Revenue of $273.5M to $274.5M.
  • Income from operations of $12M to $13M.
  • Income per share of $0.04 to $0.05.

For FY 2022:

  • Revenue of $974M to $975M.
  • Income from operations of $31M to $32M.
  • Income per share of $0.11 to $0.12.

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.

NET Trading Indicators

SMA10
46.22
SMA20
47.17
SMA50
50.89
SMA100
56.34
SMA200
67.89
MACD
-1.57
MACD Signal
-1.52
MACD Histogram
-0.05
RSI
42.34
Stochastic %K
18.55
Stochastic %D
30.02
StochRSI %K
17.29
StochRSI %D
35.24

Is NET Growing Revenue?

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.

Latest Insiders Trades at NET

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.

Can I rely on NET as an income stream?

No, Cloudflare doesn't provide an income stream by paying out dividends.

NET Social Trading Data

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other traders 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 available 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 sure you're buying or selling at a given price, place a limit order.

Click the Open Trade button and eToro will place the order.

If you want additional info about buying stocks on eToro, click the how to video below:

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Step 6: Watch your NET investment

Now that you own some NET stock, you'll want to keep up with your company.

Start a watchlist to get notified of important updates regarding your NET stock.

NET Feed

How to Buy Stock in Cloudflare

To summarize, here are the 6 steps for buying Cloudflare stock:

  1. Choose where to buy Cloudflare stock
  2. Open a brokerage account
  3. Deposit money your brokerage account
  4. Analyze Cloudflare stock
  5. Make your NET trade
  6. Watch your NET investment

If you need a brokerage, eToro is our favorite venue.

Get Started with eToro Today

If you would like to track your investment in Cloudflare, click the button below.

NYSE: NET
$43.60+0.35 (+0.81%)
Updated Dec 6, 2022
Open eToro Account
NYSE: NET
$43.60+0.35 (+0.81%)
Updated Dec 6, 2022
Open eToro Account

FAQ

How much does it cost to buy one Cloudflare share?

As of Dec 6, 2022, it costs $43.60 to buy one share of Cloudflare stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.229 shares of NET.

Get Started with eToro Today

Is now a good time to buy Cloudflare stock?

According to 20 Wall Street analysts who monitor Cloudflare, their consensus recommendation is to buy Cloudflare stock.

What is the best way to buy Cloudflare stock?

The best way to buy Cloudflare stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.