Cloudflare Inc. [NET] fell -53.60% so far this year. What now?

Cloudflare Inc. [NYSE: NET] jumped around 2.47 points on Wednesday, while shares priced at $61.02 at the close of the session, up 4.22%. The company report on September 6, 2022 that Cloudflare Positioned as a Leader in the Gartner® Magic Quadrant™ for Web Application and API Protection.

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Cloudflare placed in the Leaders quadrant for its ability to execute and completeness of vision.

Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it has been named by Gartner® as a Leader in the Magic Quadrant™ for Web Application and API Protection (WAAP). This is the first year Cloudflare has been placed in the Leaders quadrant.

Cloudflare Inc. stock is now -53.60% down from its year-to-date (YTD) trading value. NET Stock saw the intraday high of $61.34 and lowest of $58.07 per share. The company’s 52-week high price is 221.64, which means current price is +56.62% above from all time high which was touched on 03/29/22.

Compared to the average trading volume of 5.14M shares, NET reached a trading volume of 3543905 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 $100.48 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.

Guggenheim have made an estimate for Cloudflare Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 12, 2022. While these analysts kept the previous recommendation, JMP Securities dropped their target price from $220 to $175. The new note on the price target was released on February 22, 2022, representing the official price target for Cloudflare Inc. stock. Previously, the target price had yet another raise from $95 to $120, while Wells Fargo kept a Equal Weight rating on NET stock. On February 11, 2022, analysts increased their price target for NET shares from 113 to 128.

The Average True Range (ATR) for Cloudflare Inc. is set at 4.19, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 24.85. The Price to Book ratio for the last quarter was 34.09, with the Price to Cash per share for the same quarter was set at 4.96.

How has NET stock performed recently?

Cloudflare Inc. [NET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.33. With this latest performance, NET shares dropped by -17.18% in over the last four-week period, additionally sinking by -33.78% over the last 6 months – not to mention a drop of -53.52% 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 45.87, with the RSI for the last a single of trading hit 41.24, and the three-weeks RSI is set at 48.35 for Cloudflare Inc. [NET]. The present Moving Average for the last 50 days of trading for this stock 58.53, while it was recorded at 60.03 for the last single week of trading, and 91.14 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 -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 5.50 and a Current Ratio set at 5.50.

Insider trade positions for Cloudflare Inc. [NET]

There are presently around $14,420 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 34,416,225, which is approximately 15.7% of the company’s market cap and around 0.10% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 24,114,608 shares of the stock with an approximate value of $1.47 billion in NET stocks shares; and VANGUARD GROUP INC, currently with $1.46 billion in NET stock with ownership of nearly 2.328% 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 276 institutional holders increased their position in Cloudflare Inc. [NYSE:NET] by around 27,770,128 shares. Additionally, 327 investors decreased positions by around 33,495,332 shares, while 97 investors held positions by with 175,053,240 shares. The mentioned changes placed institutional holdings at 236,318,700 shares, according to the latest SEC report filing. NET stock had 67 new institutional investments in for a total of 1,595,026 shares, while 153 institutional investors sold positions of 9,256,463 shares during the same period.


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