Cloudflare Inc. [NET] Revenue clocked in at $730.50 million, down -62.33% YTD: What’s Next?

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Cloudflare Inc. [NYSE: NET] gained 1.45% or 0.71 points to close at $49.54 with a heavy trading volume of 4529614 shares. The company report on July 7, 2022 that Cloudflare Announces Date of Second Quarter 2022 Financial Results.


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Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced that it will report its financial results for the second quarter ended June 30, 2022 after the U.S. market closes on Thursday, August 4, 2022.

Cloudflare will host an investor conference call that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Interested parties can access the call by dialing (877) 400-4517 from the United States or (332) 251-2620 internationally with conference ID 3723782.

It opened the trading session at $50.202, the shares rose to $50.32 and dropped to $46.87, the range by which the price of stock traded the whole day. The daily chart for NET points out that the company has recorded -50.60% loss over the past six months. However, it is still -27.16% lower than its most recent low trading price.

If we look at the average trading volume of 5.95M shares, NET reached to a volume of 4529614 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $110.42 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 2.30. 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.

JMP Securities have made an estimate for Cloudflare Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on February 22, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $95 to $120. The new note on the price target was released on February 11, 2022, representing the official price target for Cloudflare Inc. stock. Previously, the target price had yet another raise from $113 to $128, while Stifel kept a Hold rating on NET stock. On February 11, 2022, analysts decreased their price target for NET shares from 210 to 130.

The Average True Range (ATR) for Cloudflare Inc. is set at 3.88, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 21.18. The Price to Book ratio for the last quarter was 31.16, with the Price to Cash per share for the same quarter was set at 5.52.

Trading performance analysis for NET stock

Cloudflare Inc. [NET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.58. With this latest performance, NET shares gained by 24.79% in over the last four-week period, additionally sinking by -50.60% over the last 6 months – not to mention a drop of -53.05% 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 49.53, with the RSI for the last a single of trading hit 53.85, and the three-weeks RSI is set at 46.25 for Cloudflare Inc. [NET]. The present Moving Average for the last 50 days of trading for this stock 51.27, while it was recorded at 47.27 for the last single week of trading, and 111.20 for the last 200 days.

Cloudflare Inc. [NET]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Cloudflare Inc. [NET] shares currently have an operating margin of -22.58 and a Gross Margin at +77.59. Cloudflare Inc.’s Net Margin is presently recorded at -39.66.

Return on Equity for this stock declined to -31.97, with Return on Assets sitting at -13.87.

Cloudflare Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.80 and a Current Ratio set at 6.80.

An analysis of insider ownership at Cloudflare Inc. [NET]

There are presently around $11,600 million, or 88.90% of NET stock, in the hands of institutional investors. The top three institutional holders of NET stocks are: MORGAN STANLEY with ownership of 29,746,093, which is approximately 4.262% of the company’s market cap and around 0.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 27,133,828 shares of the stock with an approximate value of $1.34 billion in NET stocks shares; and VANGUARD GROUP INC, currently with $1.16 billion in NET stock with ownership of nearly 2.403% 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 336 institutional holders increased their position in Cloudflare Inc. [NYSE:NET] by around 29,056,890 shares. Additionally, 321 investors decreased positions by around 28,940,352 shares, while 82 investors held positions by with 176,165,568 shares. The mentioned changes placed institutional holdings at 234,162,810 shares, according to the latest SEC report filing. NET stock had 78 new institutional investments in for a total of 2,912,655 shares, while 116 institutional investors sold positions of 10,163,575 shares during the same period.

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