Cloudflare (NET) Scheduled to Post Quarterly Earnings on Thursday

Cloudflare (NYSE:NET - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Cloudflare (NYSE:NET - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.06. The company had revenue of $401.00 million during the quarter, compared to analysts' expectations of $394.11 million. Cloudflare had a negative return on equity of 8.54% and a negative net margin of 6.90%. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cloudflare Stock Down 1.9 %

NET stock traded down $1.75 during midday trading on Thursday, hitting $88.10. The stock had a trading volume of 1,043,764 shares, compared to its average volume of 3,134,543. The company has a debt-to-equity ratio of 1.46, a current ratio of 3.51 and a quick ratio of 3.51. The firm has a market cap of $30.10 billion, a price-to-earnings ratio of -165.85 and a beta of 1.10. The business has a 50-day moving average of $83.58 and a two-hundred day moving average of $80.57. Cloudflare has a 52-week low of $53.88 and a 52-week high of $116.00.

Insider Buying and Selling at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $93.95, for a total value of $4,921,476.80. Following the transaction, the chief executive officer now owns 10,761 shares of the company's stock, valued at approximately $1,010,995.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Douglas James Kramer sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $81.53, for a total value of $244,590.00. Following the completion of the sale, the insider now directly owns 185,386 shares of the company's stock, valued at $15,114,520.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $93.95, for a total value of $4,921,476.80. Following the completion of the transaction, the chief executive officer now owns 10,761 shares in the company, valued at $1,010,995.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 519,552 shares of company stock valued at $42,763,195. 12.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on NET shares. Guggenheim increased their price target on shares of Cloudflare from $50.00 to $57.00 and gave the stock a "sell" rating in a research note on Friday, August 2nd. Robert W. Baird lifted their target price on shares of Cloudflare from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Wolfe Research began coverage on Cloudflare in a research note on Tuesday, July 16th. They issued a "peer perform" rating on the stock. Susquehanna lifted their price objective on Cloudflare from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Finally, Mizuho increased their target price on Cloudflare from $92.00 to $105.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Cloudflare presently has an average rating of "Hold" and a consensus price target of $91.72.

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.