Cloudflare (NYSE:NET - Get Free Report) is projected to post its Q4 2024 quarterly earnings results 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. Cloudflare has set its FY 2025 guidance at 0.790-0.800 EPS and its Q1 2025 guidance at 0.160-0.160 EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.
Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative return on equity of 7.18% and a negative net margin of 5.97%. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Cloudflare Stock Up 17.9 %
NYSE:NET traded up $25.36 during trading hours on Friday, hitting $166.88. 15,069,692 shares of the company's stock traded hands, compared to its average volume of 3,808,452. The stock's fifty day moving average price is $117.55 and its two-hundred day moving average price is $96.24. The firm has a market cap of $57.27 billion, a P/E ratio of -641.83 and a beta of 1.12. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. Cloudflare has a twelve month low of $66.24 and a twelve month high of $171.38.
Insider Buying and Selling at Cloudflare
In other Cloudflare news, insider Douglas James Kramer sold 2,481 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $131.66, for a total value of $326,648.46. Following the sale, the insider now directly owns 175,688 shares in the company, valued at $23,131,082.08. This trade represents a 1.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 28,635 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $95.03, for a total transaction of $2,721,184.05. Following the transaction, the chief financial officer now owns 252,869 shares in the company, valued at approximately $24,030,141.07. The trade was a 10.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 633,738 shares of company stock worth $69,632,506 over the last ninety days. Company insiders own 12.83% of the company's stock.
Analyst Upgrades and Downgrades
NET has been the topic of a number of research reports. Piper Sandler upped their target price on Cloudflare from $92.00 to $153.00 and gave the company a "neutral" rating in a report on Friday. Oppenheimer lowered shares of Cloudflare from an "outperform" rating to a "market perform" rating in a research note on Friday. UBS Group lifted their target price on shares of Cloudflare from $130.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday. Guggenheim upped their price target on shares of Cloudflare from $57.00 to $68.00 and gave the stock a "sell" rating in a research note on Friday. Finally, Needham & Company LLC lifted their price objective on Cloudflare from $110.00 to $160.00 and gave the company a "buy" rating in a research report on Monday. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Cloudflare has an average rating of "Hold" and a consensus target price of $128.48.
View Our Latest Stock Analysis on Cloudflare
About Cloudflare
(
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.
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