CloudFlare Inc

CloudFlare Inc Stock Forecast & Price Prediction

Live CloudFlare Inc Stock (NET) Price
$92.51

1

Ratings

  • Buy 0
  • Hold 0
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$92.51

P/E Ratio

-159.47

Volume Traded Today

$2.9M

Dividend

Dividends not available for NET

52 Week High/low

116.00/61.34

CloudFlare Inc Market Cap

$29.55B

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NET Summary

The CloudFlare Inc (NET) share price is expected to decrease by 0.4% over the next year. This is based on calculating the average 12-month share price estimate provided by 1 stock analysts who have covered NET. Price targets range from $57 at the low end to $135 at the high end. The current analyst consensus for NET is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

NET Analyst Ratings

About 1 Wall Street analysts have assignedNET 0 buy ratings, 0 hold ratings, and 1 sell ratings. This means that analysts expect CloudFlare Inc to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on NET. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

NET stock forecast by analyst

These are the latest 20 analyst ratings of NET.

Analyst/Firm

Rating

Price Target

Change

Date

Gregg Moskowitz
Mizuho

Neutral

$105

Maintains

Oct 17, 2024
Andrew DeGasperi
Exane BNP Paribas

Underperform

$65

Initiates

Oct 8, 2024
Aaron Samuels
Susquehanna

Neutral

$85

Maintains

Aug 5, 2024
Alex Henderson
Needham

Buy

$135

Reiterates

Aug 2, 2024
Matthew Hedberg
RBC Capital

Outperform

$99

Maintains

Aug 2, 2024
Shrenik Kothari
Baird

Outperform

$100

Maintains

Aug 2, 2024
Yi Fu Lee
Cantor Fitzgerald

Neutral

$85

Maintains

Aug 2, 2024
John Difucci
Guggenheim

Sell

$57

Maintains

Aug 2, 2024
James Fish
Piper Sandler

Neutral

$83

Maintains

Aug 2, 2024
Joshua Tilton
Wolfe Research

Peer Perform


Initiates

Jul 16, 2024
Gregg Moskowitz
Mizuho

Neutral

$92

Maintains

Jul 16, 2024
James Fish
Piper Sandler

Neutral

$82

Maintains

Jul 15, 2024
Patrick Colville
Scotiabank

Sector Perform

$85

Initiates

Jul 8, 2024
John Difucci
Guggenheim

Sell

$50

Reiterates

Jun 25, 2024
Roger Boyd
UBS

Neutral

$82

Upgrade

Jun 25, 2024
Yi Fu Lee
Cantor Fitzgerald

Neutral

$80

Reiterates

Jun 21, 2024
Keith Weiss
Morgan Stanley

Equal-Weight

$92

Reiterates

Jun 17, 2024
Gabriela Borges
Goldman Sachs

Sell

$68

Maintains

Jun 4, 2024
Matthew Hedberg
RBC Capital

Outperform

$90

Maintains

May 31, 2024
Yi Fu Lee
Cantor Fitzgerald

Neutral

$80

Reiterates

May 31, 2024

NET Company Information

What They Do: Provides integrated cloud-based security and performance solutions.

Business Model: Cloudflare generates revenue by offering a wide range of cloud services, including security solutions like web application firewalls and DDoS protection, as well as performance enhancements such as content delivery networks and load balancing. The company serves diverse industries, charging customers based on the services they utilize, ranging from small businesses to large enterprises.

Other Information: Founded in 2009 and headquartered in San Francisco, Cloudflare operates globally, catering to sectors such as technology, healthcare, finance, and government. The company also offers developer tools and consumer products, enhancing its market presence and customer engagement.
NET
CloudFlare Inc (NET)

When did it IPO

2019

Staff Count

3,902

Country

United States

Sector/Industry

Technology/Softwareโ€”Infrastructure

CEO

Mr. Matthew Prince

Market Cap

$29.55B

CloudFlare Inc (NET) Financial Data

In 2023, NET generated $1.30B in revenue, which was a increase of 32.97% from the previous year. This can be seen as a signal that NET's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$431.1M

Revenue From 2021

$656.4M

52.28 %
From Previous Year

Revenue From 2022

$975.2M

48.57 %
From Previous Year

Revenue From 2023

$1.30B

32.97 %
From Previous Year
  • Revenue TTM $1.48B
  • Operating Margin TTM -8.7%
  • Gross profit TTM $989.7M
  • Return on assets TTM -3.6%
  • Return on equity TTM -13.4%
  • Profit Margin -6.9%
  • Book Value Per Share 2.58%
  • Market capitalisation $29.55B
  • Revenue for 2021 $656.4M
  • Revenue for 2022 $975.2M
  • Revenue for 2023 $1.30B
  • EPS this year (TTM) $-0.30

CloudFlare Inc (NET) Latest News

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Cloudflare forecasts Q3 '24 revenue of $424M and EPS of $0.18, with recent analyst upgrades. Q2 '24 revenue grew 30%, aided by new customers and a strong market strategy.

Why It Matters - Cloudflare's strong earnings forecast and recent analyst upgrades signal robust growth potential, especially in AI-driven services, enhancing its attractiveness to investors.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - NET's Q3 2024 results are expected to show growth due to a larger client base and technological advancements, despite facing macroeconomic challenges.

Why It Matters - NET's Q3 2024 results indicate growth potential from new clients and technological advancements, signaling resilience against economic challenges, which can boost investor confidence.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Cloudflare (NET) is currently attracting significant attention from Zacks.com users, highlighting factors that may influence its stock performance.

Why It Matters - Increased interest in Cloudflare (NET) signals potential volatility and opportunity, highlighting the need for investors to assess its fundamentals and market positioning.

News Image

Tue, 29 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Cloudflare (NET) closed at $89.52, reflecting a 1.8% increase from the previous trading day.

Why It Matters - Cloudflare's 1.8% gain indicates positive market sentiment and potential growth, which may attract investors looking for upward momentum in tech stocks.

News Image

Fri, 18 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Cloudflare (NET) is currently a highly watched stock by Zacks.com users, indicating increased investor interest and potential future developments.

Why It Matters - Increased attention on Cloudflare suggests potential volatility and trading opportunities, impacting stock performance and investor sentiment.

News Image

Fri, 18 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks Style Scores help investors identify top-rated stocks tailored to their investing style, presenting a beneficial tool for stock selection.

Why It Matters - Zacks Style Scores highlight top-rated stocks tailored to specific investing styles, helping investors identify potential high-performing investments efficiently.

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NET Frequently asked questions

The highest forecasted price for NET is $135 from Gregg Moskowitz at Mizuho.

The lowest forecasted price for NET is $57 from James Fish from Piper Sandler

The NET analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 1 sell ratings.