Cloudflare Inc (NET) Volatility Spurs A Quest For Clarity

Currently, there are 298.09M common shares owned by the public and among those 289.10M shares have been available to trade.

Insiders at the company have transacted a total of 81 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 1,111,641 shares. Insider sales of the common stock occurred on 63 occasions, with total insider shares sold totaling 464,744 shares.

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However, the script later moved the day high at 116.00, up 19.50%. The company’s stock has a 5-day price change of 30.57% and 67.11% over the past three months. NET shares are trading 29.62% year to date (YTD), with the 12-month market performance up to 85.84% higher. It has a 12-month low price of $39.90 and touched a high of $91.08 over the same period. NET has an average intraday trading volume of 9.77 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 32.20%, 33.27%, and 61.16% respectively.

Institutional ownership of Cloudflare Inc (NYSE: NET) shares accounts for 76.01% of the company’s 298.09M shares outstanding.

It has a market capitalization of $36.19B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.49% over the week and 4.61% over the month.

Analysts forecast that Cloudflare Inc (NET) will achieve an EPS of $Cloudflare, Inc. for the current quarter, $107.92 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Energy Transfer LP while analysts give the company a high EPS estimate of $Palo Alto Networks, Inc.. Comparatively, EPS for the current quarter was $Netflix, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 19.14%, and 27.15% over the next financial year.

Looking at the support for the NET, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on February 09, 2024, with the firm’s price target at $100.

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