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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. 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

NYSE NET opened at $89.67 on Tuesday. The company has a market cap of $30.28 billion, a PE ratio of -163.04 and a beta of 1.12. Cloudflare has a 52 week low of $39.90 and a 52 week high of $116.00. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 1.68. The firm’s 50-day simple moving average is $94.71 and its two-hundred day simple moving average is $83.13.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NET. Capital One Financial began coverage on shares of Cloudflare in a report on Wednesday, January 17th. They issued an “equal weight” rating and a $83.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Cloudflare from $53.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $100.00 price target on shares of Cloudflare in a research report on Wednesday, April 17th. DZ Bank cut shares of Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Tuesday, February 13th. Finally, JMP Securities raised their target price on shares of Cloudflare from $75.00 to $90.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.48.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $94.59, for a total transaction of $4,955,002.56. Following the completion of the transaction, the chief executive officer now owns 12,183 shares of the company’s stock, valued at $1,152,389.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction dated 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 transaction, the insider now owns 216,114 shares of the company’s stock, valued at approximately $17,202,674.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $94.59, for a total value of $4,955,002.56. Following the completion of the transaction, the chief executive officer now directly owns 12,183 shares of the company’s stock, valued at approximately $1,152,389.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,046,356 shares of company stock valued at $101,906,480. 14.80% of the stock is currently owned by company insiders.

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.