Cloudflare Inc (NET) concluded trading on Wednesday at a closing price of $110.72, with 4.42 million shares of worth about $489.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 58.51% during that period and on December 04, 2024 the price saw a gain of about 5.54%. Currently the company’s common shares owned by public are about 305.39M shares, out of which, 300.29M shares are available for trading.
Stock saw a price change of 8.30% in past 5 days and over the past one month there was a price change of 28.01%. Year-to-date (YTD), NET shares are showing a performance of 32.98% which increased to 38.71% 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 2.61 million. The stock is currently trading 13.05% above its 20-day simple moving average (SMA20), while that difference is up 21.33% for SMA50 and it goes to 29.60% higher than SMA200.
Cloudflare Inc (NYSE: NET) currently have 305.39M outstanding shares and institutions hold larger chunk of about 75.76% of that.
The stock has a current market capitalization of $38.00B and its 3Y-monthly beta is at 1.12. 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 3.14% while standing at 4.10% over the month.
Stock’s fiscal year EPS is expected to rise by 51.53% while it is estimated to increase by 11.14% 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.
Coverage by Exane BNP Paribas stated Cloudflare Inc (NET) stock as an Underperform in their note to investors on October 08, 2024, suggesting a price target of $65 for the stock. On July 16, 2024, Wolfe Research Initiated their recommendations, while on July 08, 2024, Scotiabank Initiated their ratings for the stock with a price target of $85. Stock get a Neutral rating from UBS on June 25, 2024.
