Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $92.46, with 8.23 million shares of worth about $760.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.77% during that period and on October 10, 2024 the price saw a gain of about 8.84%. Currently the company’s common shares owned by public are about 341.70M shares, out of which, 298.28M shares are available for trading.
Stock saw a price change of 16.40% in past 5 days and over the past one month there was a price change of 17.69%. Year-to-date (YTD), NET shares are showing a performance of 11.05% which increased to 41.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.88 but also hit the highest price of $116.00 during that period. The average intraday trading volume for Cloudflare Inc shares is 2.24 million. The stock is currently trading 12.73% above its 20-day simple moving average (SMA20), while that difference is up 14.93% for SMA50 and it goes to 10.40% higher than SMA200.
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Cloudflare Inc (NYSE: NET) currently have 341.70M outstanding shares and institutions hold larger chunk of about 75.58% of that.
The stock has a current market capitalization of $31.59B and its 3Y-monthly beta is at 1.10. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 3.51 while making debt-to-equity ratio of 1.63. 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 5.36% while standing at 3.62% over the month.
Stock’s fiscal year EPS is expected to rise by 44.94% while it is estimated to increase by 18.29% in next year. EPS is likely to grow at an annualized rate of 56.11% for next 5-years, compared to annual growth of -13.56% made by the stock over the past 5-years.
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 Exane BNP Paribas on October 08, 2024 offering an Underperform rating for the stock and assigned a target price of $65 to it. On July 08, 2024, Scotiabank Initiated their recommendations, while on June 25, 2024, UBS Upgrade their ratings for the stock with a price target of $82. Stock get a Buy rating from DZ Bank on May 07, 2024.
