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Cloudflare (NYSE:NET) underwent analysis by 27 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 7 | 14 | 1 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 4 | 6 | 1 | 1 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 3 | 7 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $100.74, with a high estimate of $135.00 and a low estimate of $60.00. Observing a 6.68% increase, the current average has risen from the previous average price target of $94.43.
Investigating Analyst Ratings: An Elaborate Study
The perception of Cloudflare by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Aaron Samuels | Susquehanna | Lowers | Neutral | $80.00 | $115.00 |
| Roger Boyd | UBS | Lowers | Sell | $76.00 | $88.00 |
| Shaul Eyal | TD Cowen | Lowers | Buy | $110.00 | $117.00 |
| Alex Henderson | Needham | Maintains | Buy | $135.00 | - |
| 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 |
| Axel Herlinghaus | DZ Bank | Announces | Hold | $110.00 | - |
| Keith Weiss | Morgan Stanley | Raises | Equal-Weight | $92.00 | $66.00 |
| Yi Fu Lee | Cantor Fitzgerald | Maintains | Neutral | $100.00 | - |
| Joel Fishbein | Truist Securities | Raises | Buy | $120.00 | $90.00 |
| Thomas Blakey | Keybanc | Raises | Overweight | $132.00 | $94.00 |
| Mark Murphy | JP Morgan | Raises | Neutral | $90.00 | $53.00 |
| Gregg Moskowitz | Mizuho | Raises | Neutral | $105.00 | $73.00 |
| Matthew Hedberg | RBC Capital | Raises | Outperform | $108.00 | $95.00 |
| Aaron Samuels | Susquehanna | Raises | Neutral | $115.00 | $75.00 |
| Andrew Nowinski | Wells Fargo | Raises | Overweight | $125.00 | $95.00 |
| Yi Fu Lee | Cantor Fitzgerald | Raises | Neutral | $100.00 | $70.00 |
| Alex Henderson | Needham | Raises | Buy | $135.00 | $110.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Cloudflare. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Cloudflare compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Cloudflare's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Cloudflare's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.
Breaking Down Cloudflare's Financial Performance
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust 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. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
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): Cloudflare's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -4.56% 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 -1.28% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Cloudflare's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.8.
The Basics of Analyst Ratings
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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