Cloudflare Inc [NYSE: NET] stock went on an upward path that rose over 8.84% on Thursday, amounting to a one-week price increase of more than 16.40%.
Over the last 12 months, NET stock rose by 41.03%. The one-year Cloudflare Inc stock forecast points to a potential downside of -2.26. The average equity rating for NET stock is currently 2.54, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $31.59 billion, with 341.70 million shares outstanding and 298.28 million shares in the current float. Compared to the average trading volume of 2.24M shares, NET stock reached a trading volume of 8228311 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $90.42 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 2.54. 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.
Exane BNP Paribas have made an estimate for Cloudflare Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 08, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 16, 2024, representing the official price target for Cloudflare Inc stock. Previously, the target price had yet another raise to $85, while Scotiabank analysts kept a Sector Perform rating on NET stock. On June 25, 2024, analysts increased their price target for NET shares from 76 to 82.
The Average True Range (ATR) for Cloudflare Inc is set at 3.24, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 21.38. The Price to Book ratio for the last quarter was 35.82, 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 198.12 with Quick ratio for the last quarter at 3.51.
NET Stock Performance Analysis:
Cloudflare Inc [NET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.40. With this latest performance, NET shares gained by 17.69% in over the last four-week period, additionally sinking by -3.77% over the last 6 months – not to mention a rise of 41.03% 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 69.41, with the RSI for the last a single of trading hit 74.81, and the three-weeks RSI is set at 65.47 for Cloudflare Inc [NET]. The present Moving Average for the last 50 days of trading for this stock 80.45, while it was recorded at 84.62 for the last single week of trading, and 83.75 for the last 200 days.
Insight into Cloudflare Inc Fundamentals:
Cloudflare Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.51 and a Current Ratio set at 3.51.
NET Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cloudflare Inc go to 56.11%.
Cloudflare Inc [NET] Institutonal Ownership Details
There are presently around $86.58%, or 87.10%% 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%.
