- Previous Close
79.34 - Open
78.76 - Bid 79.06 x 800
- Ask 79.11 x 1000
- Day's Range
78.11 - 79.50 - 52 Week Range
53.88 - 116.00 - Volume
600,767 - Avg. Volume
2,295,980 - Market Cap (intraday)
27.095B - Beta (5Y Monthly) 1.10
- PE Ratio (TTM)
-- - EPS (TTM)
-0.30 - Earnings Date Oct 31, 2024 - Nov 4, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
92.52
Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products. It offers website and application performance solutions, including content delivery, load balancing, DNS, agro smart routing, video stream delivery, web optimization, cache reserve, cloudfare waiting room, and cloudfare data localization suite; SASE platform through cloudfare one that provides a cloud-based network-as-a-service; network services which deliver network connectivity, security, and performance, including magic WAN, magic transit, magic firewall, cloudflare network interconnect, and spectrum. In addition, the company provides zero trust services, such as cloudflare access, cloudflare gateway, remote browser isolation, cloud access security broker, cloud email security, and data loss prevention products that protects, inspects, and provides privilege rules to grant access to data and application. Further, it provides developer-based solutions consisting of cloudflare workers, R2 object storage, workers KV, durable objects, cloudfare pages, cloudfare stream, and cloudfare images; and consumer products comprising of 1.1.1.1, a DNS resolver, WARP, a virtual private network, and cloudfare registrar that secures registration and management of domain names. The company serves customers in the technology, healthcare, financial services, consumer and retail, industrial, and non-profit industries, as well as government. Cloudflare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
www.cloudflare.com3,902
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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View MorePerformance Overview: NET
Trailing total returns as of 10/3/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
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3-Year Return
5-Year Return
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Statistics: NET
View MoreValuation Measures
Market Cap
27.11B
Enterprise Value
26.79B
Trailing P/E
--
Forward P/E
95.24
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
18.13
Price/Book (mrq)
30.75
Enterprise Value/Revenue
18.13
Enterprise Value/EBITDA
676.02
Financial Highlights
Profitability and Income Statement
Profit Margin
-6.90%
Return on Assets (ttm)
-3.58%
Return on Equity (ttm)
-13.39%
Revenue (ttm)
1.48B
Net Income Avi to Common (ttm)
-102.02M
Diluted EPS (ttm)
-0.30
Balance Sheet and Cash Flow
Total Cash (mrq)
1.76B
Total Debt/Equity (mrq)
163.19%
Levered Free Cash Flow (ttm)
315.35M
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View MoreMonday Tee Up: Here Comes Walmart The focus this week flips back to inflation
Monday Tee Up: Here Comes Walmart The focus this week flips back to inflation and the state of the consumer. Key inflation data will come out as will perhaps the most-telling earnings report related to the consumer -- Walmart. Wall Street is wondering if the Fed has been right on interest rates and can still achieve a soft landing and avoid recession. Last week, the Dow Jones Industrial Average ended down 0.6%, the S&P 500 lost 0.4%, and the Nasdaq fell 0.2%. Year to date, the Dow is higher by 5%, the S&P is up 12%, and the Nasdaq is higher by 12%. On the economic calendar, the big day is Wednesday, when inflation data comes out in the form of CPI. In June, CPI posted at 3.0%. Core CPI was 3.1%. We see July matching those rates. On Tuesday, wholesale inflation will grab the headlines when PPI is updated. On Thursday, Retail Sales, Industrial Production, and Capacity Utilization all will be released, and on Friday, Consumer Sentiment and Housing Starts come out. The earnings calendar is winding down but some big releases are due in this week. On Tuesday, Home Depot and On Holding report. On Wednesday, Cisco and UBS Group. And on Thursday, Walmart, Applied Materials, Alibaba, and Deere. Earnings are coming in 12.4% higher this quarter than a year ago (this after some 91% of S&P 500 companies have reported). Expectations were for 8%-12% earnings growth for 2Q. This follows 8% growth in 1Q and 10% in 4Q23. Last week, mortgage rates fell a big 26 basis points (bps) to 6.47% for the average 30-year fixed-rate mortgage. Gas prices fell four cents to $3.45 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 3Q and calls for expansion of 2.9%. The Cleveland Fed CPINow indicator forecasts 2.74% for August CPI. Looking ahead, the next Fed rate decision is on September 18, with odds at 100% for a rate cut. Of that, 51% expect a 25-bps cut and 49% expect a 50-bps cut. That data is according to the CME FedWatch Tool. There are then two more Fed rate meetings this year, on November 7, two days after the U.S. presidential election, and December 18.
Talk of macro headwinds, but strong 2Q and raised guidance
Cloudflare provides cloud-based network services that protect internet apps and help them to run faster -- without requiring clients to add hardware, install new software, or change code. Cloudflare's unified control plane across on-premise, cloud, hybrid, and SaaS data infrastructure environments ensures the security, reliability, and performance of its enterprise customers' external data infrastructure (websites, applications, and application program interfaces); internal networks and devices (identity and access); DevOps; and consumer applications. Internet sites powered by Cloudflare have all web traffic routed through its intelligent global network. The company seeks to relieve clients of the cost and complexity of managing their own network hardware. Some 48% of the company's revenue is generated outside of the U.S. Cloudflare was founded in 2010 and went public on September 12, 2019, at $15 per share.
RatingPrice TargetCloudflare Earnings: Strong Revenue Growth and Impressive Customer Adds Mark the Second Quarter
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.
RatingPrice Target2024 Investor Day take away
Cloudflare provides cloud-based network services that protect internet apps and help them to run faster -- without requiring clients to add hardware, install new software, or change code. Cloudflare's unified control plane across on-premise, cloud, hybrid, and SaaS data infrastructure environments ensures the security, reliability, and performance of its enterprise customers' external data infrastructure (websites, applications, and application program interfaces); internal networks and devices (identity and access); DevOps; and consumer applications. Internet sites powered by Cloudflare have all web traffic routed through its intelligent global network. The company seeks to relieve clients of the cost and complexity of managing their own network hardware. Some 48% of the company's revenue is generated outside of the U.S. Cloudflare was founded in 2010 and went public on September 12, 2019, at $15 per share.
RatingPrice Target