Can Cloudflare Inc. (NET) Add Value To Your Portfolio?

As of Thursday close, Cloudflare Inc.’s (NYSE:NET) stock was up $0.07, moving up 0.12 percent to $58.43. The average number of shares traded per day over the past five days has been 5,240,180 shares. 5 times new highs have been achieved over the past 5 days, with a $9.78 gain in that time frame. In the last twenty days, the average volume was 4,849,615, while in the previous 50 days, it was 5,378,086.

Since last month, NET stock rose 16.05%. Shares of the company fell to $43.67 on 07/14/22, the lowest level in the past month. A 52-week high of $221.64 was reached on 03/29/22 after having rallying from a 52-week low of $38.96. Since the beginning of this year, NET’s stock price has dropped by -55.57% or -$73.07, and marked a new high 2 times. However, the stock has declined by -73.64% since its 52-week high.


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Cloudflare Inc. (NET) last reported insider trading activity 28 days ago on Jul 08. Prince Matthew, the CEO & Chair of the Board of the company, disposed of 52,384 shares for $52.30 on Jul 08. It resulted in a $2,739,552 divestment by the insider. Prince Matthew sold 52,384 shares at an average price of $52.21 on Jul 07. The insider now owns 0 shares following the transaction. On Jul 06, CEO & Chair of the Board Prince Matthew sold 52,384 shares at $50.34 apiece. The transaction was valued at $2,636,799.

Financial Health

In the three months ended March 30, Cloudflare Inc.’s quick ratio stood at 6.80, while its current ratio was 6.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.78, and the total debt-to-equity ratio was 2.78. On the profitability front, the trailing twelve-month gross margin is 77.80% percent. In the year ended March 30, operating margins totaled -28.60%. Based on annual data, NET earned $509.29 million in gross profit and brought in $656.43 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.70%. Return on equity (ROE) for the past 12 months was -35.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NET’s revenue rose 34.93% to $193.6 million during the quarter, while net income inched up to $212.17 million. While analysts expected Cloudflare Inc. to report $0 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated -$9.18 million in EBITDA. The liabilities of Cloudflare Inc. were 1.84 billion at the end of its most recent quarter ended March 30, and its total debt was $1.57 billion. The value of shareholders’ equity is $326.24 million.

Technical Picture

This quick technical analysis looks at Cloudflare Inc.’s (NET) price momentum. With a historical volatility rate of 94.59%, the RSI 9-day stood at 69.38% on 04 August.

With respect to its five-day moving average, the current Cloudflare Inc. price is up by +20.10% percent or $9.78. At present, NET shares trade +10.79% above its 20-day simple moving average and -34.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.96% above its SMA50 and -67.68% below its SMA200.

Stochastic coefficient K was 89.35% and Stochastic coefficient D was 76.20%, while ATR was 4.01. Given the Stochastic reading of 96.07% for the 14-day period, the RSI (14) reading has been calculated as 61.95%. As of today, the MACD Oscillator reading stands at 5.05, while the 14-day reading stands at 4.98.

Analyst Ratings

Cloudflare Inc. (NET) has been rated Overweight by analysts. According to 0 brokerage firms, NET is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cloudflare Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $78.00, the current consensus forecast for the stock is $42.00 – $200.00. Based on these forecasts, analysts predict Cloudflare Inc. (NET) will achieve an average price target of $90.11.

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