During the last three months, 5 analysts shared their evaluations of Cloudflare NET, revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 3 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Cloudflare, presenting an average target of $66.8, a high estimate of $94.00, and a low estimate of $55.00. This upward trend is evident, with the current average reflecting a 10.6% increase from the previous average price target of $60.40.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Cloudflare among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Thomas Blakey | Keybanc | Raises | Overweight | $94.00 | $70.00 |
| Keith Weiss | Morgan Stanley | Raises | Equal-Weight | $60.00 | $55.00 |
| James Fish | Piper Sandler | Lowers | Neutral | $60.00 | $64.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $65.00 | $70.00 |
| Keith Weiss | Morgan Stanley | Raises | Equal-Weight | $55.00 | $43.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cloudflare. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cloudflare compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Cloudflare's stock. This comparison reveals trends in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Cloudflare's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Cloudflare analyst ratings.
Get to Know Cloudflare Better
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.
Cloudflare: Delving into Financials
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Cloudflare showcased positive performance, achieving a revenue growth rate of 32.2% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Cloudflare's net margin is impressive, surpassing industry averages. With a net margin of -7.01%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Cloudflare's ROE excels beyond industry benchmarks, reaching -3.51%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Cloudflare's ROA excels beyond industry benchmarks, reaching -0.92%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.03.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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