NET stock icon

Cloudflare
NET

$80.66
2.62%
 

About: Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.

Employees: 3,704

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 41 analysts
0
News positive %
of 43 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

39% more repeat investments, than reductions

Existing positions increased: 277 | Existing positions reduced: 200

18% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 90

16% more capital invested

Capital invested by funds: $20.7B [Q4 2023] → $24B (+$3.26B) [Q1 2024]

2% more funds holding

Funds holding: 659 [Q4 2023] → 675 (+16) [Q1 2024]

1.04% less ownership

Funds ownership: 84.23% [Q4 2023] → 83.19% (-1.04%) [Q1 2024]

28% less call options, than puts

Call options by funds: $798M | Put options by funds: $1.12B

40% less funds holding in top 10

Funds holding in top 10: 20 [Q4 2023] → 12 (-8) [Q1 2024]

Research analyst outlook

41 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$50
38%
downside
Avg. target
$97
20%
upside
High target
$135
67%
upside

41 analyst ratings

17 positive
41%
19 neutral
46%
negative
12%
Guggenheim
John Difucci
38%downside
$50
Sell
Reiterated
25 Jun 2024
UBS
Roger Boyd
2%upside
$82
Neutral
Upgraded
25 Jun 2024
Cantor Fitzgerald
Yi Fu Lee
1%downside
$80
Neutral
Reiterated
21 Jun 2024
Morgan Stanley
Keith Weiss
14%upside
$92
Equal-Weight
Reiterated
17 Jun 2024
Goldman Sachs
Gabriela Borges
16%downside
$68
Sell
Maintained
4 Jun 2024

Financial journalist opinion

Based on 43 articles about NET published over the past 30 days