In the latest quarter, 4 analysts provided ratings for Cloudflare NET, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 3 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Cloudflare and provided 12-month price targets. The average target is $103.5, accompanied by a high estimate of $135.00 and a low estimate of $90.00. Surpassing the previous average price target of $81.75, the current average has increased by 26.61%.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Cloudflare among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| Alex Henderson | Needham | Raises | Buy | $135.00 | $110.00 |
| Trevor Walsh | JMP Securities | Raises | Market Outperform | $90.00 | $75.00 |
| Andrew Nowinski | Wells Fargo | Raises | Overweight | $95.00 | $72.00 |
| Thomas Blakey | Keybanc | Raises | Overweight | $94.00 | $70.00 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Cloudflare compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Cloudflare's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of Cloudflare's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Cloudflare analyst ratings.
All You Need to Know About Cloudflare
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.
Unraveling the Financial Story of Cloudflare
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Cloudflare displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 32.2%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Cloudflare's net margin excels beyond industry benchmarks, reaching -7.01%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Cloudflare's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.51% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Cloudflare's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.92% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 2.03, Cloudflare adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically 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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