Throughout the last three months, 23 analysts have evaluated Cloudflare NET, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 10 | 1 | 3 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 1 |
| 2M Ago | 2 | 5 | 6 | 1 | 2 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $93.04, a high estimate of $135.00, and a low estimate of $60.00. A 10.31% drop is evident in the current average compared to the previous average price target of $103.73.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive Cloudflare. The following summary 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 |
|---|---|---|---|---|---|
| Keith Weiss | Morgan Stanley | Maintains | Equal-Weight | $92.00 | $92.00 |
| Gabriela Borges | Goldman Sachs | Lowers | Sell | $68.00 | $77.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $80.00 | $80.00 |
| Matthew Hedberg | RBC Capital | Lowers | Outperform | $90.00 | $108.00 |
| Alex Henderson | Needham | Maintains | Buy | $135.00 | $135.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $120.00 | $120.00 |
| Fatima Boolani | Citigroup | Lowers | Neutral | $90.00 | $95.00 |
| Gabriela Borges | Goldman Sachs | Lowers | Sell | $77.00 | $89.00 |
| Aaron Samuels | Susquehanna | Lowers | Neutral | $80.00 | $115.00 |
| Alex Henderson | Needham | Maintains | Buy | $135.00 | $135.00 |
| Roger Boyd | UBS | Lowers | Sell | $76.00 | $88.00 |
| Shaul Eyal | TD Cowen | Lowers | Buy | $110.00 | $117.00 |
| Mark Murphy | JP Morgan | Lowers | Neutral | $80.00 | $90.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Overweight | $105.00 | $125.00 |
| Thomas Blakey | Keybanc | Lowers | Overweight | $94.00 | $132.00 |
| Madeline Brooks | B of A Securities | Raises | Underperform | $60.00 | $52.00 |
| Yi Fu Lee | Cantor Fitzgerald | Lowers | Neutral | $80.00 | $100.00 |
| James Fish | Piper Sandler | Lowers | Neutral | $81.00 | $110.00 |
| Shaul Eyal | Oppenheimer | Lowers | Outperform | $110.00 | $122.00 |
| Gregg Moskowitz | Mizuho | Lowers | Neutral | $88.00 | $95.00 |
| Shrenik Kothari | Baird | Lowers | Outperform | $94.00 | $100.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $100.00 | - |
| Gregg Moskowitz | Mizuho | Lowers | Neutral | $95.00 | $105.00 |
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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cloudflare compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Cloudflare's market position. Stay informed and make data-driven 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: A Financial Overview
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, Cloudflare showcased positive performance, achieving a revenue growth rate of 30.47% as of 31 March, 2024. This reflects a substantial 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 is impressive, surpassing industry averages. With a net margin of -9.39%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.56%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -1.28%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.8.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically 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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