26-Apr-2024
Check Point, other cybersecurity firms dip, as quarterly earnings unfurl
Seeking Alpha News (Thu, 25-Apr 1:00 PM ET)
Cloudflare retains Outperform rating ahead of earnings report: Baird
Seeking Alpha News (Wed, 24-Apr 2:16 PM ET)
Buy Rating for Cloudflare Amid Strong Performance and Positive Market Outlook
TipRanks (Tue, 23-Apr 10:55 PM ET)
Business Wire (Mon, 8-Apr 9:00 AM ET)
Cloudflare Enters Observability Market with Acquisition to Enhance Serverless Performance
Business Wire (Fri, 5-Apr 11:33 AM ET)
Cloudflare Announces Dates of First Quarter 2024 Financial Results and Investor Day
Business Wire (Thu, 4-Apr 4:15 PM ET)
Cloudflare Powers One-Click-Simple Global Deployment for AI Applications with Hugging Face
Business Wire (Tue, 2-Apr 9:00 AM ET)
Business Wire (Tue, 26-Mar 9:00 AM ET)
Business Wire (Wed, 20-Mar 9:00 AM ET)
Cloudflare Doubles Down on Middle East; Expands Presence and Team to Support Growing Customer Demand
Business Wire (Fri, 8-Mar 5:30 AM ET)
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 Class A trades on the NYSE stock market under the symbol NET.
As of April 26, 2024, NET stock price climbed to $88.01 with 1,680,989 million shares trading.
NET has a beta of 2.72, meaning it tends to be more sensitive to market movements. NET has a correlation of 0.29 to the broad based SPY ETF.
NET has a market cap of $29.90 billion. This is considered a Large Cap stock.
Last quarter Cloudflare Class A reported $362 million in Revenue and $.15 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.03.
In the last 3 years, NET stock traded as high as $221.64 and as low as $37.37.
The top ETF exchange traded funds that NET belongs to (by Net Assets): VTI, VO, VXF, VUG, VOT.
NET has outperformed the market in the last year with a return of +47.9%, while the SPY ETF gained +27.4%. In the last 3 month period, NET beat the market returning +9.8%, while SPY returned +4.6%. However, in the most recent 2 weeks NET has underperformed the stock market by returning -6.1%, while SPY returned -0.5%.
NET support price is $84.60 and resistance is $88.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NET stock will trade within this expected range on the day.