Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $86.71, with 2.51 million shares of worth about $217.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.16% during that period and on April 18, 2024 the price saw a loss of about -1.47%. Currently the company’s common shares owned by public are about 298.09M shares, out of which, 292.45M shares are available for trading.
However, the stock later moved at a day high price of 88.35, or with a loss of -1.47%. Stock saw a price change of -9.75% in past 5 days and over the past one month there was a price change of -8.89%. Year-to-date (YTD), NET shares are showing a performance of 4.14% which increased to 34.52% 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 3.99 million. The stock is currently trading -8.75% below its 20-day simple moving average (SMA20), while that difference is down -9.98% for SMA50 and it goes to 14.21% higher than SMA200.
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Cloudflare Inc (NYSE: NET) currently have 298.09M outstanding shares and institutions hold larger chunk of about 74.92% of that.
The stock has a current market capitalization of $29.28B and its 3Y-monthly beta is at 1.15. 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 3.55% while standing at 3.39% over the month.
Analysts are in expectations that Cloudflare Inc (NET) stock would likely to be making an EPS of $Energy Transfer LP in the current quarter, while forecast for next quarter EPS is $15.53 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Newmont Corporation which is $Palo Alto Networks, Inc. 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 $NextEra Energy, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.25% while it is estimated to increase by 27.44% 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.
