Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $104.24, with 5.68 million shares of worth about $592.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.59% during that period and on November 21, 2024 the price saw a gain of about 8.05%. Currently the company’s common shares owned by public are about 343.19M shares, out of which, 300.25M shares are available for trading.
Stock saw a price change of 13.39% in past 5 days and over the past one month there was a price change of 18.94%. Year-to-date (YTD), NET shares are showing a performance of 25.20% which increased to 41.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $66.24 but also hit the highest price of $116.00 during that period. The average intraday trading volume for Cloudflare Inc shares is 2.42 million. The stock is currently trading 13.66% above its 20-day simple moving average (SMA20), while that difference is up 18.87% for SMA50 and it goes to 22.19% higher than SMA200.
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Cloudflare Inc (NYSE: NET) currently have 343.19M outstanding shares and institutions hold larger chunk of about 75.77% of that.
The stock has a current market capitalization of $35.77B and its 3Y-monthly beta is at 1.09. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 3.37 while making debt-to-equity ratio of 1.49. 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 4.49% while standing at 3.81% over the month.
Stock’s fiscal year EPS is expected to rise by 51.23% while it is estimated to increase by 11.41% in next year. EPS is likely to grow at an annualized rate of 50.72% 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.
