Cloudflare (NET) Scheduled to Post Quarterly Earnings on Thursday

Cloudflare (NYSE:NET) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. The business had revenue of $362.47 million during the quarter, compared to the consensus estimate 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 Price Performance

Shares of NYSE NET opened at $87.36 on Wednesday. Cloudflare has a twelve month low of $39.90 and a twelve month high of $116.00. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $29.50 billion, a price-to-earnings ratio of -158.83 and a beta of 1.13. The business has a 50 day simple moving average of $94.50 and a 200-day simple moving average of $83.32.

Insider Activity

In other news, insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $79.60, for a total value of $238,800.00. Following the completion of the sale, the insider now owns 216,114 shares in the company, valued at $17,202,674.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Maria S. Eitel sold 6,875 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $98.51, for a total transaction of $677,256.25. Following the completion of the sale, the director now directly owns 23,513 shares of the company’s stock, valued at $2,316,265.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $79.60, for a total value of $238,800.00. Following the sale, the insider now directly owns 216,114 shares of the company’s stock, valued at $17,202,674.40. The disclosure for this sale can be found here. Insiders sold a total of 1,036,325 shares of company stock worth $101,094,871 over the last 90 days. 12.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NET has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on Cloudflare from $95.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Susquehanna upped their price objective on Cloudflare from $75.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Morgan Stanley upped their price objective on Cloudflare from $66.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. DZ Bank downgraded Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a research note on Tuesday, February 13th. Finally, JMP Securities upped their price objective on Cloudflare from $75.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.48.

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.