Shares of Technology sector company Cloudflare moved 1.3% today, and are now trading at a price of $61.33. The large cap stock's daily volume was 1,909,286 compared to its average volume of 4,797,342. The S&P 500 index returned a 0.3% performance.
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.The company is based in San Francisco and has 3,063 full time employees. Its market capitalization is $20,081,483,776.
21 analysts are following Cloudflare and have set target prices ranging from $62 to $200 per share. On average, they have given the company a rating of buy. At today's prices, NET is trading -34.19% away from its average analyst target price of $93.19 per share.
Over the last year, NET shares have gone down by -54.6%, which represents a difference of -41.5% when compared to the S&P 500. The stock's 52 week high is $221.64 per share and its 52 week low is $38.96. Cloudflare has averaged free cash flows of $-63,198,750. over the last four years, but they have been increasing at a rate of 17.5%. Although the overall picture is improving, more cautious investors will probably continue to avoid this stock until the business becomes firmly cash positive.
For a deeper fundamental analysis into Cloudflare and other market moving stocks, subscribe to our free newsletter today!