Cloudflare Inc (NET) concluded trading on Thursday at a closing price of $112.54, with 3.97 million shares of worth about $446.46 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.14% during that period and on Thursday the price saw a gain of about 4.51%. Currently the company’s common shares owned by public are about 305.39M shares, out of which, 300.37M shares are available for trading.
Stock saw a price change of -0.04% in past 5 days and over the past one month there was a price change of 7.13%. Year-to-date (YTD), NET shares are showing a performance of 4.51% which increased to 41.83% 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 $119.42 during that period. The average intraday trading volume for Cloudflare Inc shares is 2.75 million. The stock is currently trading 0.42% above its 20-day simple moving average (SMA20), while that difference is up 11.19% 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 75.78% of that.
The stock has a current market capitalization of $38.62B and its 3Y-monthly beta is at 1.10. 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 2.60% while standing at 3.34% over the month.
Stock’s fiscal year EPS is expected to rise by 51.58% while it is estimated to increase by 10.77% 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 Goldman on Jan-03-25 offering a Buy rating for the stock and assigned a target price range of between $77 and $140 to it. Coverage by Stifel stated Cloudflare Inc (NET) stock as a Buy in their note to investors on December 17, 2024, suggesting a price target of $136 for the stock. On December 02, 2024, Morgan Stanley Upgrade their recommendations, while on October 08, 2024, Exane BNP Paribas Initiated their ratings for the stock with a price target of $65. Stock get a Peer perform rating from Wolfe Research on July 16, 2024.
