Momentum Is Strong For Cloudflare Inc (NYSE: NET)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Cloudflare Inc (NET) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -0.28%, to $79.15. The Cloudflare Inc has recorded 28,261 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cloudflare Announces Date of Fourth Quarter 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Cloudflare Inc is $26.65B. A total of 1.72 million shares were traded on the day, compared to an average of 3.52M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NET has seen 6 BUY and 25 SELL insider trades, representing the acquisition of 38,460 and the disposition of 138,615 shares. Over the last 12 months, there were 18 BUYs and 63 SELLs from insiders. Insiders purchased 1,111,641 shares during that period but sold 464,744.

In the most recent transaction, Ledbetter Carl sold 7,970 shares of NET for 82.35 per share on Jan 10. After the transaction, the Director now owns 1,569,530 company shares. In a previous transaction on Jan 09, Prince Matthew sold 52,384 shares at 80.80 per share. NET shares that CEO & Chair of the Board owns now total 0.

Among the insiders who sold shares, Prince Matthew disposed of 52,384 shares on Jan 08 at a per-share price of $78.78. This resulted in the CEO & Chair of the Board holding 0 shares of NET after the transaction. In another insider transaction, Prince Matthew sold 52,384 shares at $76.80 per share on Jan 05. Company shares held by the CEO & Chair of the Board now total 0.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NET has a high of $86.91 and a low of $39.90.

As of this writing, NET has an earnings estimate of $Netflix, Inc. per share for the current quarter. EPS was calculated based on a consensus of Energy Transfer LP estimates, with a high estimate of $Palo Alto Networks, Inc. per share and a lower estimate of $NextEra Energy, Inc.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. NET’s latest balance sheet shows that the firm has $1.82B in Cash & Short Term Investments as of fiscal 2021. There were $1.29B in debt and $288.56M in liabilities at the time. Its Book Value Per Share was $2.08, while its Total Shareholder’s Equity was $815.80M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NET is Buy with a score of 3.54.

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