Cloudflare Inc. [NYSE: NET] jumped around 1.46 points on Thursday, while shares priced at $121.46 at the close of the session, up 1.22%. The company report on August 6, 2021 that Cloudflare Announces Second Quarter 2021 Financial Results.
Second quarter total revenue totaled $152.4 million, representing an increase of 53% year-over-year.
Record dollar-based net retention of 124%, representing an increase of 900 basis points year-over-year.
Cloudflare Inc. stock is now 59.84% up from its year-to-date (YTD) trading value. NET Stock saw the intraday high of $122.235 and lowest of $117.80 per share. The company’s 52-week high price is 122.77, which means current price is +99.25% above from all time high which was touched on 07/29/21.
Compared to the average trading volume of 3.42M shares, NET reached a trading volume of 3551949 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cloudflare Inc. [NET]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NET shares is $96.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NET stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Cloudflare Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2021. While these analysts kept the previous recommendation, Argus raised their target price to Buy. The new note on the price target was released on July 13, 2021, representing the official price target for Cloudflare Inc. stock. Previously, the target price had yet another raise to $100, while Cowen analysts kept a Outperform rating on NET stock.
The Average True Range (ATR) for Cloudflare Inc. is set at 4.12, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 80.12. The Price to Book ratio for the last quarter was 46.18, with the Price to Cash per share for the same quarter was set at 3.28.
How has NET stock performed recently?
Cloudflare Inc. [NET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.89. With this latest performance, NET shares gained by 12.10% in over the last four-week period, additionally plugging by 46.27% over the last 6 months – not to mention a rise of 185.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NET stock in for the last two-week period is set at 74.54, with the RSI for the last a single of trading hit 76.61, and the three-weeks RSI is set at 72.55 for Cloudflare Inc. [NET]. The present Moving Average for the last 50 days of trading for this stock 102.91, while it was recorded at 119.65 for the last single week of trading, and 81.25 for the last 200 days.
Cloudflare Inc. [NET]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cloudflare Inc. [NET] shares currently have an operating margin of -25.63 and a Gross Margin at +76.56. Cloudflare Inc.’s Net Margin is presently recorded at -27.69.
Return on Total Capital for NET is now -11.15, given the latest momentum, and Return on Invested Capital for the company is -12.16. Return on Equity for this stock declined to -15.47, with Return on Assets sitting at -10.80. When it comes to the capital structure of this company, Cloudflare Inc. [NET] has a Total Debt to Total Equity ratio set at 52.43. Additionally, NET Total Debt to Total Capital is recorded at 34.40, with Total Debt to Total Assets ending up at 31.02. Long-Term Debt to Equity for the company is recorded at 50.26, with the Long-Term Debt to Total Capital now at 32.97.
Reflecting on the efficiency of the workforce at the company, Cloudflare Inc. [NET] managed to generate an average of -$66,762 per employee. Receivables Turnover for the company is 8.37 with a Total Asset Turnover recorded at a value of 0.39.Cloudflare Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.80 and a Current Ratio set at 6.80.
Insider trade positions for Cloudflare Inc. [NET]
There are presently around $24,192 million, or 80.00% of NET stock, in the hands of institutional investors. The top three institutional holders of NET stocks are: FMR LLC with ownership of 31,188,812, which is approximately 2.958% of the company’s market cap and around 0.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 30,267,184 shares of the stock with an approximate value of $3.68 billion in NET stocks shares; and VANGUARD GROUP INC, currently with $2.26 billion in NET stock with ownership of nearly 8.02% of the company’s market capitalization.
Positions in Cloudflare Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 279 institutional holders increased their position in Cloudflare Inc. [NYSE:NET] by around 25,877,548 shares. Additionally, 252 investors decreased positions by around 15,214,530 shares, while 55 investors held positions by with 158,082,859 shares. The mentioned changes placed institutional holdings at 199,174,937 shares, according to the latest SEC report filing. NET stock had 87 new institutional investments in for a total of 4,977,586 shares, while 86 institutional investors sold positions of 5,693,796 shares during the same period.