Did You Buy NET Recently? Here's What You May Have Missed.

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.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.