During the last three months, 16 analysts shared their evaluations of Cloudflare NET, revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 6 | 8 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 6 | 7 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $106.62, a high estimate of $135.00, and a low estimate of $90.00. Witnessing a positive shift, the current average has risen by 30.6% from the previous average price target of $81.64.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Cloudflare by financial experts. 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 |
|---|---|---|---|---|---|
| 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 |
| Trevor Walsh | JMP Securities | Raises | Market Outperform | $90.00 | $75.00 |
| Andrew Nowinski | Wells Fargo | Raises | Overweight | $95.00 | $72.00 |
| Thomas Blakey | Keybanc | Raises | Overweight | $94.00 | $70.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cloudflare. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cloudflare compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Cloudflare's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
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.
Delving into Cloudflare's Background
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: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Cloudflare's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 31.95%. This indicates 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -7.69%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cloudflare's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -3.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Cloudflare's ROA excels beyond industry benchmarks, reaching -1.04%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.88, Cloudflare adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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