Cloudflare (NET) Downgraded by Piper Sandler to Neutral

Cloudflare stock has undergone multiple analysts rating changes in the recent past.  Cloudflare Downgraded by Piper Sandler on 10-11-21. In a note to investors, the firm issued a new rating of Neutral. The analysts previously had rating of Overweight.

Shares of Cloudflare traded up $4.61 on Monday, reaching $144.27. 5379666 shares of the stock traded hands, compared to its average volume of 3453758. Shares of Cloudflare were trading at $144.27 on Monday. The firm’s 50 day moving average is $124.87 and its 200 day moving average is $94.33.Cloudflare has a 12 month low of $134.93 and a 12 month high of $145.70. While on yearly highs and lows, Cloudflare’s today has traded high as $145.70 and has touched $134.93 on the downward trend. See More Analyst Rating at: RATING

Cloudflare Earnings and What to expect: 

Cloudflare last announced its quarterly earnings data on August 5th, 2021. The reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm earned $152.43 million during the quarter, compared to analysts’ expectations of $146.22 million. Cloudflare has generated ($0.31) earnings per share over the last year (($0.45) diluted earnings per share). Earnings for Cloudflare are expected to grow in the coming year, from ($0.46) to ($0.37) per share. Cloudflare has confirmed that its next quarterly earnings report will be published on Thursday, November 4th, 2021. Cloudflare will be holding an earnings conference call on Thursday, November 4th at 5:00 PM Eastern. Interested parties can .

Earnings for Cloudflare are expected to grow in the coming year, from ($0.46) to ($0.37) per share. The P/E ratio of Cloudflare is -320.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Cloudflare is -320.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Cloudflare has a P/B Ratio of 54.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Cloudflare (NET) Moving Average Technical Analysis

5 day Moving Average is $135.98 And 5 day price change is $28.54 (24.66%)  with average volume for 5 day average is 5,345,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $127.61 and 20 day price change is $19.57 (15.69%) and average 20 day moving volume is 4,066,510. 50 day moving average is $124.87  and 50 day price change is $25.64 ( 21.61%)  and with average volume for 50 days is : 3,391,104. 200 day moving average is $94.33  and 200 day price change is $62.37 (76.15%)  and with average volume for 200 days is : 3,890,724.

Other owners latest trading in Cloudflare :

  • On 10/8/2021 shares held by Johnson Midwest Financial LLC were 3,159 which equates to market value of $0.36M and appx 0.30% owners of Cloudflare
  • On 10/7/2021 shares held by Berman Capital Advisors LLC were 7,483 which equates to market value of $0.84M and appx 0.10% owners of Cloudflare
  • On 10/6/2021 shares held by IFP Advisors Inc were 55,156 which equates to market value of $6.22M and appx 0.10% owners of Cloudflare
  • In total Institutional ownership equates to Institutional Ownership Percentage: 66.94% for Cloudflare

See More Analyst Rating at: RATING