CloudflareNET
Market Cap: 26.5B
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
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
43 Wall Street Analysts provided 1 year price forecasts over the past 6 months
43 analyst ratings
Mizuho Gregg Moskowitz | 18%upside $92 | Neutral Maintained | 16 Jul 2024 |
Piper Sandler James Fish | 5%upside $82 | Neutral Maintained | 15 Jul 2024 |
Scotiabank Patrick Colville | 9%upside $85 | Sector Perform Initiated | 8 Jul 2024 |
Guggenheim John Difucci | 36%downside $50 | Sell Reiterated | 25 Jun 2024 |
UBS Roger Boyd | 5%upside $82 | Neutral Upgraded | 25 Jun 2024 |
Financial journalist opinion
Based on 49 articles about NET published over the past 30 days