6 hours Ago By Defense World Staff
Cloudflare, Inc. ( NYSE:NET – Get Free Report ) CFO Thomas J. Seifert sold 15,000 shares of the stock in a transaction dated Thursday, October 3rd.
The stock was sold at an average price of $79.19, for a total transaction of $1,187,850.00.
Following the completion of the sale, the chief financial officer now directly owns 281,403 shares in the company, valued at approximately $22,284,303.57. The trade was a 0.
00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Cloudflare Trading Up 5.
0 % Shares of NYSE:NET traded up $3.99 during trading on Friday, reaching $83.42.
2,514,316 shares of the company traded hands, compared to its average volume of 3,224,889. The company has a current ratio of 3.51, a quick ratio of 3.
51 and a debt-to-equity ratio of 1.46. Cloudflare, Inc.
has a 52-week low of $53.88 and a 52-week high of $116.00.
The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of -149.83 and a beta of 1.
10. The business’s fifty day moving average is $79.81 and its 200-day moving average is $81.
60. Cloudflare ( NYSE:NET – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.
20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06.
The firm had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $394.11 million.
Cloudflare had a negative net margin of 6.90% and a negative return on equity of 8.54%.
The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.
12) earnings per share. As a group, analysts forecast that Cloudflare, Inc. will post -0.
13 EPS for the current year. Institutional Inflows and Outflows Analyst Ratings Changes Several research firms have issued reports on NET. Piper Sandler increased their target price on shares of Cloudflare from $82.
00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. UBS Group upgraded Cloudflare from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $76.
00 to $82.00 in a research report on Tuesday, June 25th. Cantor Fitzgerald boosted their target price on Cloudflare from $80.
00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on Cloudflare from $90.
00 to $99.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $135.
00 price objective on shares of Cloudflare in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.
com, the company presently has a consensus rating of “Hold” and an average target price of $92.29. Read Our Latest Stock Report on NET Cloudflare Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than Cloudflare What is the Shanghai Stock Exchange Composite Index? The Outlook for Interest Rate Cuts Got Blown Out of the Water 3 Tickers Leading a Meme Stock Revival 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore Energy and Oil Stocks Explained 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter .
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