Cloudflare Inc [NYSE: NET] gained 6.07% or 4.74 points to close at $82.83 with a heavy trading volume of 3409261 shares.
The daily chart for NET points out that the company has recorded -15.46% loss over the past six months.
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If we look at the average trading volume of 2.41M shares, NET reached to a volume of 3409261 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 $91.36 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 2.43. 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.
Wolfe Research have made an estimate for Cloudflare Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Perform. The new note on the price target was released on July 08, 2024, representing the official price target for Cloudflare Inc stock. Previously, the target price had yet another raise from $76 to $82, while UBS kept a Neutral rating on NET stock.
The Average True Range (ATR) for Cloudflare Inc is set at 2.87, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 19.15. The Price to Book ratio for the last quarter was 32.09, with the Price to Cash per share for the same quarter was set at 5.15. Price to Free Cash Flow for NET in the course of the last twelve months was 177.48 with Quick ratio for the last quarter at 3.51.
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 5.03. With this latest performance, NET shares gained by 0.61% in over the last four-week period, additionally sinking by -15.46% over the last 6 months – not to mention a rise of 37.66% 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 59.47, with the RSI for the last a single of trading hit 64.94, and the three-weeks RSI is set at 56.44 for Cloudflare Inc [NET]. The present Moving Average for the last 50 days of trading for this stock 79.45, while it was recorded at 79.71 for the last single week of trading, and 83.63 for the last 200 days.
Cloudflare Inc [NET]: A deeper dive into fundamental analysis
Cloudflare Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.51 and a Current Ratio set at 3.51.
Cloudflare Inc [NET]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cloudflare Inc posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NET.
An analysis of Institutional ownership at Cloudflare Inc [NET]
There are presently around $86.73%, or 87.25%% of NET stock, in the hands of institutional investors. The top three institutional holders of NET stocks are: CAPITAL WORLD INVESTORS with ownership of 33.34 million shares, which is approximately 9.8469%. BAILLIE GIFFORD & CO, holding 32.72 million shares of the stock with an approximate value of $$2.71 billion in NET stocks shares; and BAILLIE GIFFORD & CO, currently with $$2.47 billion in NET stock with ownership which is approximately 8.8106%.
