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Cloudflare Inc (NET)

NYSE
Currency in USD
113.92
-0.59(-0.52%)
Real-time Data
NET Scorecard
Full Analysis
Net income is expected to grow this year
Fair Value
Day's Range
111.33114.83
52 wk Range
66.24116.00
Key Statistics
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Prev. Close
114.51
Open
112.36
Day's Range
111.33-114.83
52 wk Range
66.24-116
Volume
836.89K
Average Volume (3m)
2.75M
1-Year Change
46.45%
Book Value / Share
2.85
Fair Value
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Fair Value Upside
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NET Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
94.19
Downside
-17.32%
Members' Sentiments
Bearish
Bullish
ProTips
22 analysts have revised their earnings upwards for the upcoming period
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Cloudflare Company Profile

Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products. It offers website and application performance solutions, including content delivery, load balancing, DNS, agro smart routing, video stream delivery, web optimization, cache reserve, cloudfare waiting room, and cloudfare data localization suite; SASE platform through cloudfare one that provides a cloud-based network-as-a-service; network services which deliver network connectivity, security, and performance, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust services, such as cloudflare access, cloudflare gateway, remote browser isolation, cloud access security broker, cloud email security, and data loss prevention products that protects, inspects, and provides privilege rules to grant access to data and application. Further, it provides developer-based solutions consisting of cloudflare workers, R2 object storage, workers KV, durable objects, cloudfare pages, cloudfare stream, and cloudfare images; and consumer products comprising of 1.1.1.1, a DNS resolver, WARP, a virtual private network, and cloudfare registrar that secures registration and management of domain names. The company serves customers in the technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. Cloudflare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Employees
3902

Cloudflare Inc SWOT Analysis


Edge AI Revolution
Cloudflare's strategic pivot to AI inference and edge computing positions it at the forefront of a potential $222 billion market by 2027
Financial Resilience
Explore Cloudflare's impressive 30% YoY revenue growth and raised guidance, showcasing its ability to thrive amidst market challenges
Enterprise Expansion
Delve into Cloudflare's success in capturing large enterprise clients, with deals reaching up to $60 million in total contract value
Analyst Perspectives
Price targets range from $82 to $120, reflecting diverse views on Cloudflare's growth potential in competitive cloud security markets
Read full SWOT analysis
NET Full Pro Research
Institutional-Grade Stock Analysis
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Financial health at a glance
Bearish and bullish outlooks
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Cloudflare Inc Earnings Call Summary for Q3/2024

  • Q2 revenue hit $401M, up 30% YoY; annualized revenue reached $1.6B; 168 new large customers added, totaling 3,046
  • Operating profit of $57M; free cash flow of $38.3M; net income of $69.5M for the quarter
  • Cloudflare Workers saw 67% increase in developer accounts using Workers AI; over 2.4M active developers on platform
  • Q3 revenue forecast: $423M-$424M; full year 2024 revenue expected between $1,657M-$1,659M
  • Strong federal business growth; OHTTP offering enhances privacy-focused solutions; SASE market differentiation highlighted
Last Updated: 03-08-2024, 03:00 am
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Compare NET to Peers and Sector

Metrics to compare
NET
Peers
Sector
Relationship
P/E Ratio
−419.6x−33.3x11.2x
PEG Ratio
−7.67−0.500.01
Price/Book
40.5x6.9x2.4x
Price / LTM Sales
25.0x8.4x2.2x
Upside (Analyst Target)
−17.0%15.1%19.1%
Fair Value Upside
Unlock1.7%2.8%Unlock

Analysts' Recommendations

13 Buy
17 Hold
4 Sell
Ratings:
30 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 94.19

(-17.32% Downside)

FAQ

What Is the Cloudflare (NET) Stock Price Today?

The Cloudflare stock price today is 113.92.

What Stock Exchange Does Cloudflare Trade On?

Cloudflare is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Cloudflare?

The stock symbol for Cloudflare is "NET."

What Is the Cloudflare Market Cap?

As of today, Cloudflare market cap is 39.01B.

What is Cloudflare Earnings Per Share?

The Cloudflare EPS is -0.276.

What Is the Next Cloudflare Earnings Date?

Cloudflare will release its next earnings report on 05 Feb 2025.

From a Technical Analysis Perspective, Is NET a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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