Currently, there are 305.39M common shares owned by the public and among those 300.37M shares have been available to trade.
The company’s stock has a 5-day price change of 16.80% and 56.28% over the past three months. NET shares are trading 30.00% year to date (YTD), with the 12-month market performance up to 71.00% higher. It has a 12-month low price of $66.24 and touched a high of $130.65 over the same period. NET has an average intraday trading volume of 2.88 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.73%, 26.69%, and 57.91% respectively.
Institutional ownership of Cloudflare Inc (NYSE: NET) shares accounts for 75.75% of the company’s 305.39M shares outstanding.
It has a market capitalization of $48.04B and a beta (3y monthly) value of 1.11. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.20% over the week and 3.43% over the month.
Earnings per share for the fiscal year are expected to increase by 51.54%, and 12.42% over the next financial year. EPS should grow at an annualized rate of 29.35% over the next five years, compared to -13.56% over the past 5-year period.
Looking at the support for the NET, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on January 17, 2025, with the firm’s price target at $95-$145. Cantor Fitzgerald coverage for the Cloudflare Inc (NET) stock in a research note released on January 17, 2025 offered a Neutral rating with a price target of $111. RBC Capital Mkts was of a view on January 03, 2025 that the stock is Outperform, while Goldman gave the stock Buy rating on January 02, 2025, issuing a price target of $77- $140. Stifel on their part issued Buy rating on December 17, 2024.
