The Question Is Whether To Buy Or Not To Buy Cloudflare Inc (NYSE: NET)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Kyndryl and Cloudflare Announce Global Strategic Alliance to Drive Enterprise Network Transformation, Multi-Cloud Innovation, and Zero Trust Security.

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Stocks Info

Cloudflare Inc is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Cloudflare Inc is $32.55B. A total of 3.02 million shares were traded on the day, compared to an average of 4.08M shares.

In the most recent transaction, Ledbetter Carl sold 7,968 shares of NET for 95.08 per share on Mar 20 ’24. After the transaction, the Director now owns 1,284,997 company shares. In a previous transaction on Mar 15 ’24, SEIFERT THOMAS J sold 95,000 shares at 91.77 per share. NET shares that Chief Financial Officer owns now total 0.

Among the insiders who sold shares, SEIFERT THOMAS J disposed of 15,000 shares on Mar 15 ’24 at a per-share price of $91.77. This resulted in the Chief Financial Officer holding 338,469 shares of NET after the transaction. In another insider transaction, Prince Matthew sold 52,384 shares at $94.25 per share on Mar 14 ’24. Company shares held by the CEO & Chair of the Board now total 12,183.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NET has a high of $116.00 and a low of $39.90.

As of this writing, NET has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $0.14 per share and a lower estimate of $0.13. The company reported an EPS of $0.16 in the last quarter, which was 60.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $2.26, while its Total Shareholder’s Equity was $815.80M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.46.

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