NET has 36-month beta value of 1.10. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NET is 298.28M, and currently, short sellers hold a 3.41% ratio of that float. The average trading volume of NET on October 14, 2024 was 2.32M shares.
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NET) stock’s latest price update
The stock of Cloudflare Inc (NYSE: NET) has increased by 1.09 when compared to last closing price of 92.46. Despite this, the company has experienced a 12.03% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-11 that Cloudflare’s stock has been rising, and recent developments suggest further upside potential. The acquisition of Kivera enhances Cloudflare’s security, data protection, and compliance capabilities for preventative cloud control. The company also appointed an executive from a rival firm. Gartner’s analysis highlights the cloud and AI-driven upside for cybersecurity providers.
NET’s Market Performance
Cloudflare Inc (NET) has experienced a 12.03% rise in stock performance for the past week, with a 18.53% rise in the past month, and a 12.03% rise in the past quarter. The volatility ratio for the week is 4.84%, and the volatility levels for the past 30 days are at 3.61% for NET. The simple moving average for the past 20 days is 12.94% for NET’s stock, with a 11.55% simple moving average for the past 200 days.
Analysts’ Opinion of NET
Many brokerage firms have already submitted their reports for NET stocks, with Exane BNP Paribas repeating the rating for NET by listing it as a “Underperform.” The predicted price for NET in the upcoming period, according to Exane BNP Paribas is $65 based on the research report published on October 08, 2024 of the current year 2024.
Scotiabank gave a rating of “Sector Perform” to NET, setting the target price at $85 in the report published on July 08th of the current year.
NET Trading at 15.64% from the 50-Day Moving Average
After a stumble in the market that brought NET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.42% of loss for the given period.
Volatility was left at 3.61%, however, over the last 30 days, the volatility rate increased by 4.84%, as shares surge +18.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.63% upper at present.
During the last 5 trading sessions, NET rose by +12.03%, which changed the moving average for the period of 200-days by +8.99% in comparison to the 20-day moving average, which settled at $82.76. In addition, Cloudflare Inc saw 12.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NET starting from Zatlyn Michelle, who sale 64,100 shares at the price of $81.60 back on Oct 07 ’24. After this action, Zatlyn Michelle now owns 0 shares of Cloudflare Inc, valued at $5,230,592 using the latest closing price.
Zatlyn Michelle, the President and COO of Cloudflare Inc, sale 25,640 shares at $82.60 during a trade that took place back on Oct 09 ’24, which means that Zatlyn Michelle is holding 0 shares at $2,117,963 based on the most recent closing price.
Stock Fundamentals for NET
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.77 for the gross margin
The net margin for Cloudflare Inc stands at -0.07. The total capital return value is set at -0.07. Equity return is now at value -13.39, with -3.74 for asset returns.
Based on Cloudflare Inc (NET), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is -76.09.
Currently, EBITDA for the company is 11.71 million with net debt to EBITDA at -48.9. When we switch over and look at the enterprise to sales, we see a ratio of 22.48. The receivables turnover for the company is 5.62for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.51.
Conclusion
To put it simply, Cloudflare Inc (NET) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
