The stock of Cloudflare Inc. (NYSE:NET) decreased by decreased by -$0.65 on Friday to finish at $181.35, down -0.36 percent. The last five days have seen an average of 5,323,540 shares of common stock traded. 40 times new highs were reached in the current year, with a gain of $105.36. The average number of shares traded over the last 20 days was 5,049,190, while the average volume over the last 50 days totaled 3,587,820.
NET stock appreciated 33.67% since last month. On 10/01/21, the company’s shares reached a one-month low of $108.93. The stock touched a high of $183.80 on 10/22/21, after rallying from a low of $50.54 in 52 weeks. The price of NET stock has risen by 138.65% or $105.36 this year, reaching a new high 40 times. Still, the stock price is down -1.33% from the 52-week high.
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There have been 5 days since Cloudflare Inc. (NET) last reported insider trading activity on Oct 20. On Oct 20, CEO & Chair of the Board Prince Matthew sold 52,385 shares at $173.72 each. This transaction resulted in the insider making $9,100,424. On Oct 19, Prince Matthew sold 52,385 shares at a price of US$176.13. After the transaction, the insider now owns 0 shares. CEO & Chair of the Board Prince Matthew had earlier sold 52,385 shares on Oct 18 for $175.72 a share. The transaction was completed for $9,205,019.
For the three months ended June 29, Cloudflare Inc.’s quick ratio was 5.70, while its current ratio was 5.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 76.80% percent. Cloudflare Inc.’s EBITDA margin for the year ended June 29 was -9.59%, whereas its operating margin stood at -20.00% for the same period. Based on annual data, it had gross profit of $330.0 million and revenue of $431.06 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NET’s return on assets (ROA) during the last 12 months has been -9.70%. There was a -8.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -16.70%. ROE has averaged 3.34 in the past year for the broader industry.
According to Cloudflare Inc.’s quarterly financial report for the quarter that ended June 29, it had $785.99 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $152.43 million, while revenues rose by 34.58% to $138.06 million. It was predicted that Cloudflare Inc.’s quarterly earnings would be -$0.02, but it ended up being -$0.03, beating the consensus by 33.30%. EBITDA was $3.19 million for the quarter. At the end of Cloudflare Inc.’s most recent quarter ended June 29, its liabilities totaled 644.84 million, while its total debt was $448.4 million. Equity owned by shareholders amounts to $312.43 million.
Here’s a quick look at Cloudflare Inc.’s (NET) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 79.05%, suggesting the stock is Overbought, with a 41.28% historical volatility rate.
The stochastic %K and %D were 94.28% and 92.25% respectively, while the average true range (ATR) was 8.10. Based on the 14-day stochastic reading of 95.40%, the RSI (14) reading is 76.34%. On the 9-day MACD Oscillator, the stock is at 8.96, and the 14-day reading is at 21.34.
Cloudflare Inc. (NYSE: NET) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Cloudflare Inc. (NET) an Overweight rating. NET is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is NET’s price target for the next 12 months?
The current consensus forecast for the stock is between $91.00 and $200.00, with a median target price of $130.00. In analyzing these forecasts, the average price target given by analysts for Cloudflare Inc. (NET) is $133.53.