Cloudflare Inc [NYSE: NET] traded at a high on Wednesday, posting a 5.54 gain after which it closed the day’ session at $110.72.
The results of the trading session contributed to over 4422827 shares changing hands. Over the past one week, the price volatility of Cloudflare Inc stands at 3.14% while the volatility over the past one month is 4.10%.
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The market cap for NET stock reached $38.00 billion, with 305.39 million shares outstanding and 300.29 million shares in the current float. Compared to the average trading volume of 2.61M shares, NET reached a trading volume of 4422827 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 $94.58 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 2.50. 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.
Morgan Stanley have made an estimate for Cloudflare Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 02, 2024. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Underperform. The new note on the price target was released on October 08, 2024, representing the official price target for Cloudflare Inc stock.
The Average True Range (ATR) for Cloudflare Inc is set at 4.25, with the Price to Sales ratio for NET stock in the period of the last 12 months amounting to 24.17. The Price to Book ratio for the last quarter was 39.03, with the Price to Cash per share for the same quarter was set at 5.32. Price to Free Cash Flow for NET in the course of the last twelve months was 223.68 with Quick ratio for the last quarter at 3.37.
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 8.30. With this latest performance, NET shares gained by 28.01% in over the last four-week period, additionally plugging by 58.51% over the last 6 months – not to mention a rise of 38.71% 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 71.85, with the RSI for the last a single of trading hit 76.07, and the three-weeks RSI is set at 68.93 for Cloudflare Inc [NET]. The present Moving Average for the last 50 days of trading for this stock 91.25, while it was recorded at 103.98 for the last single week of trading, and 85.43 for the last 200 days.
Cloudflare Inc [NET]: Deeper insight into the fundamentals
Cloudflare Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.37 and a Current Ratio set at 3.37.
Earnings analysis for Cloudflare Inc [NET]
With the latest financial reports released by the company, Cloudflare Inc posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 50.72%.
Insider trade positions for Cloudflare Inc [NET]
There are presently around $86.42%, or 86.93%% 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%.
