Cloudflare (NET) to Release Earnings on Thursday

Cloudflare (NYSE:NET) is scheduled to post its quarterly 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. Parties that are interested in participating in the company’s conference call can do so using this link.

Cloudflare Trading Down 1.2 %

Shares of NET stock opened at $86.49 on Tuesday. Cloudflare has a 1-year low of $61.34 and a 1-year high of $116.00. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.46. The stock has a market cap of $29.55 billion, a price-to-earnings ratio of -298.24 and a beta of 1.10. The stock has a 50-day moving average of $83.92 and a 200-day moving average of $80.48.

Wall Street Analyst Weigh In

Several research firms have issued reports on NET. Wolfe Research started coverage on shares of Cloudflare in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $135.00 target price on shares of Cloudflare in a report on Friday, August 2nd. Guggenheim increased their price target on Cloudflare from $50.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 2nd. BNP Paribas started coverage on Cloudflare in a research note on Tuesday, October 8th. They issued an “underperform” rating and a $65.00 price objective on the stock. Finally, Cantor Fitzgerald raised their target price on Cloudflare from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.72.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $76.70, for a total value of $4,017,852.80. Following the completion of the sale, the chief executive officer now directly owns 211,394 shares of the company’s stock, valued at approximately $16,213,919.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $76.70, for a total value of $4,017,852.80. Following the sale, the chief executive officer now owns 211,394 shares of the company’s stock, valued at approximately $16,213,919.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Janel Riley sold 3,495 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $81.65, for a total value of $285,366.75. Following the completion of the transaction, the chief accounting officer now owns 80,183 shares in the company, valued at approximately $6,546,941.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 529,427 shares of company stock valued at $43,755,195. 12.83% of the stock is owned by corporate insiders.

Cloudflare Company Profile

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.