Cloudflare (NET) to Release Earnings on Thursday

Cloudflare (NYSE:NET) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. The firm had revenue of $362.47 million during the quarter, compared to analysts’ expectations of $352.70 million. On average, analysts expect Cloudflare to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cloudflare Trading Down 0.2 %

Shares of Cloudflare stock opened at $87.68 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.50 and a quick ratio of 3.50. The firm has a fifty day moving average price of $95.72 and a 200 day moving average price of $82.47. Cloudflare has a 1 year low of $39.90 and a 1 year high of $116.00. The stock has a market cap of $29.61 billion, a PE ratio of -159.42 and a beta of 1.12.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 50,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $110.11, for a total value of $5,505,500.00. Following the transaction, the chief financial officer now directly owns 366,465 shares in the company, valued at approximately $40,351,461.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $94.59, for a total value of $4,955,002.56. Following the sale, the chief executive officer now directly owns 12,183 shares of the company’s stock, valued at approximately $1,152,389.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 50,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $110.11, for a total transaction of $5,505,500.00. Following the completion of the sale, the chief financial officer now directly owns 366,465 shares in the company, valued at $40,351,461.15. The disclosure for this sale can be found here. Insiders have sold 1,036,341 shares of company stock worth $101,013,542 in the last ninety days. 14.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NET shares. DZ Bank cut shares of Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a report on Tuesday, February 13th. Susquehanna lifted their price objective on shares of Cloudflare from $75.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Needham & Company LLC lifted their price objective on shares of Cloudflare from $110.00 to $135.00 and gave the company a “buy” rating in a report on Friday, February 9th. Sanford C. Bernstein started coverage on shares of Cloudflare in a report on Thursday, January 18th. They issued a “market perform” rating and a $85.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of Cloudflare from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, February 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Cloudflare presently has an average rating of “Hold” and an average target price of $87.08.

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.