Cloudflare (NET) to Release Earnings on Thursday

Cloudflare (NYSE:NET - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $452.20 million for the quarter. Parties that wish to register for the company's earnings conference call can do so using this link.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.03) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.03). Cloudflare had a negative return on equity of 7.18% and a negative net margin of 5.97%. The company had revenue of $430.08 million for the quarter, compared to analyst estimates of $423.65 million. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cloudflare Stock Performance

NYSE NET traded up $0.99 on Thursday, reaching $137.43. The stock had a trading volume of 2,176,934 shares, compared to its average volume of 3,074,314. Cloudflare has a 1-year low of $66.24 and a 1-year high of $140.25. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. The company has a market cap of $47.16 billion, a P/E ratio of -530.40 and a beta of 1.10. The firm has a fifty day moving average of $113.05 and a two-hundred day moving average of $93.88.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $95.59, for a total transaction of $5,007,386.56. Following the completion of the sale, the chief executive officer now owns 192,177 shares of the company's stock, valued at $18,370,199.43. This represents a 21.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.60, for a total transaction of $265,800.00. Following the transaction, the insider now owns 185,386 shares in the company, valued at $16,425,199.60. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 641,132 shares of company stock worth $69,429,058 over the last quarter. Company insiders own 12.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Scotiabank increased their price objective on shares of Cloudflare from $87.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Stifel Nicolaus upgraded shares of Cloudflare from a "hold" rating to a "buy" rating and boosted their price objective for the company from $95.00 to $136.00 in a research report on Tuesday, December 17th. Morgan Stanley upped their target price on Cloudflare from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. BNP Paribas started coverage on Cloudflare in a research report on Tuesday, October 8th. They set an "underperform" rating and a $65.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price on Cloudflare from $100.00 to $125.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $109.72.

About Cloudflare

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.