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.
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.
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 |
When did it IPO
2019
Staff Count
3,902
Country
United States
Sector/Industry
Technology/SoftwareโInfrastructure
CEO
Mr. Matthew Prince
Market Cap
$29.55B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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