Cloudflare Inc (NYSE:NET) price on current trading day, rose 1.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $118.88.
A look at the stock’s price movement, the level at last check in today’s session was $117.58, moving within a range at $116.68 and $120.36. The beta value (5-Year monthly) was 1.273. Turning to its 52-week performance, $177.37 and $66.24 were the 52-week high and 52-week low respectively. Overall, NET moved -25.97% over the past month.
Cloudflare Inc’s market cap currently stands at around $41.02 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-05.
Analysts have a consensus estimate of 469.26M for the company’s revenue for the quarter, with a low and high estimate of 468M and 476.07M respectively. The average forecast suggests up to a 23.94% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.1B, representing a 25.52% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NET is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
18 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 7 recommend NET as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NET’s current price about -9.00% and -12.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.51, while 7-day volatility ratio is 3.74% and 5.62% in the 30-day chart. Further, Cloudflare Inc (NET) has a beta value of 1.58, and an average true range (ATR) of 7.04. Analysts have given the company’s stock an average 52-week price target of $135, forecast between a low of $92 and high of $140. Looking at the price targets, the low is 22.61% off recent price level in today’s trading while to achieve the yearly target high, it has to move -17.77%. Nonetheless, investors will most likely welcome a -13.56% jump to $135 which is the analysts’ median price.
If we refocus on Cloudflare Inc (NYSE:NET), historical trading data shows that trading volumes averaged 4.55 over the past 10 days and 3.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 307.89 million shares.
The 12.35% of Cloudflare Inc’s shares are in the hands of company insiders while institutional holders own 77.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.3 million on 2025-02-28, giving us a short ratio of 1.52. The data shows that as of 2025-02-28 short interest in Cloudflare Inc (NET) stood at 265.00002 of shares outstanding, with shares short falling to 7.95 million registered in 2025-01-31. Current price change has pushed the stock 10.40% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NET stock continues to rise going into the next quarter.
