Cloudflare, Inc. (NYSE:NET – Get Free Report) has received a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $64.24.
Several equities research analysts have commented on NET shares. Citigroup increased their price objective on shares of Cloudflare from $48.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 29th. Bank of America initiated coverage on shares of Cloudflare in a research note on Thursday, September 7th. They issued an “underperform” rating and a $52.00 price objective for the company. Needham & Company LLC raised their price target on shares of Cloudflare from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. The Goldman Sachs Group raised their price target on shares of Cloudflare from $38.00 to $43.00 and gave the stock a “sell” rating in a research note on Friday, August 4th. Finally, Morgan Stanley raised their price target on shares of Cloudflare from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th.
Insider Buying and Selling
Institutional Investors Weigh In On Cloudflare
A number of hedge funds have recently modified their holdings of NET. Sunbelt Securities Inc. acquired a new stake in shares of Cloudflare in the first quarter valued at about $29,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Cloudflare in the third quarter valued at about $38,000. Alta Advisers Ltd acquired a new stake in shares of Cloudflare in the second quarter valued at about $39,000. Providence Capital Advisors LLC raised its position in shares of Cloudflare by 6,065.0% in the first quarter. Providence Capital Advisors LLC now owns 2,466 shares of the company’s stock valued at $40,000 after buying an additional 2,426 shares during the last quarter. Finally, Richard W. Paul & Associates LLC grew its holdings in shares of Cloudflare by 172.1% in the second quarter. Richard W. Paul & Associates LLC now owns 721 shares of the company’s stock valued at $47,000 after purchasing an additional 456 shares during the period. 73.14% of the stock is currently owned by institutional investors and hedge funds.
Cloudflare Trading Up 0.2 %
NET opened at $72.80 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 3.89 and a quick ratio of 3.89. Cloudflare has a fifty-two week low of $37.56 and a fifty-two week high of $76.07. The firm has a market capitalization of $24.44 billion, a PE ratio of -119.34 and a beta of 0.97. The company’s 50-day moving average is $61.89 and its 200 day moving average is $62.55.
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, secure origin connection, and rate limiting products.
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