Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $100.75, with 3.93 million shares of worth about $396.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.45% during that period and on Thursday the price saw a gain of about 3.34%. Currently the company’s common shares owned by public are about 298.09M shares, out of which, 292.21M shares are available for trading.
Stock saw a price change of 2.24% in past 5 days and over the past one month there was a price change of 23.48%. Year-to-date (YTD), NET shares are showing a performance of 21.01% which increased to 69.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $39.90 but also hit the highest price of $116.00 during that period. The average intraday trading volume for Cloudflare Inc shares is 4.10 million. The stock is currently trading 2.29% above its 20-day simple moving average (SMA20), while that difference is up 14.40% for SMA50 and it goes to 40.97% higher than SMA200.
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Cloudflare Inc (NYSE: NET) currently have 298.09M outstanding shares and institutions hold larger chunk of about 74.87% of that.
The stock has a current market capitalization of $34.02B and its 3Y-monthly beta is at 1.14. It has posted earnings per share of -$0.55 in the same period. It has Quick Ratio of 3.50 while making debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NET, volatility over the week remained 4.53% while standing at 4.76% over the month.
Analysts are in expectations that Cloudflare Inc (NET) stock would likely to be making an EPS of $0.13 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $0.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.32% while it is estimated to increase by 27.03% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DZ Bank on February 13, 2024 offering a Hold rating for the stock and assigned a target price of $110 to it. Coverage by Cantor Fitzgerald stated Cloudflare Inc (NET) stock as a Neutral in their note to investors on February 09, 2024, suggesting a price target of $100 for the stock. On January 18, 2024, Bernstein Initiated their recommendations, while on January 17, 2024, CapitalOne Initiated their ratings for the stock with a price target of $83. Stock get a Neutral rating from Susquehanna on December 15, 2023.
