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Cloudflare, Inc. Stock Research

NET

61.14USD+3.11(+5.36%)Market Closed

Market Summary

USD61.14+3.11
Market Closed
5.36%

NET Alerts

NET Stock Price

NET RSI Chart

NET Valuation

Market Cap

20.2B

Price/Earnings (Trailing)

-106.27

Price/Sales (Trailing)

19.18

EV/EBITDA

-297.17

Price/Free Cashflow

343.48

NET Price/Sales (Trailing)

NET Profitability

Operating Margin

76.15%

EBT Margin

-19.56%

Return on Equity

-30.99%

Return on Assets

-7.47%

Free Cashflow Yield

0.29%

NET Fundamentals

NET Revenue

Revenue (TTM)

1.1B

Revenue Y/Y

36.77%

Revenue Q/Q

5.63%

NET Earnings

Earnings (TTM)

-190.1M

Earnings Y/Y

7.97%

Earnings Q/Q

17.06%

Price Action

52 Week Range

37.3780.99
(Low)(High)

Last 7 days

5.4%

Last 30 days

2.7%

Last 90 days

3.3%

Trailing 12 Months

9.1%

NET Financial Health

Current Ratio

4.74

NET Investor Care

Shares Dilution (1Y)

2.18%

Diluted EPS (TTM)

-0.59

Peers (Alternatives to Cloudflare)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
207.6B
12.70% 25.81%
35.87
11.93
7.81% -4.74%
190.7B
18.0B
14.41% 1.66%
40.25
10.59
11.50% -1.86%
-
-
-29.25% -13.98%
-
-
- -
281.0B
48.0B
11.07% 46.64%
33.56
5.86
14.66% 10.75%
217.4B
31.4B
12.49% 32.61%
1.0K
6.93
19.41% -85.60%
20.5B
4.4B
7.88% -38.07%
198.13
4.68
7.15% -92.46%
MID-CAP
2.9B
489.0M
13.36% -11.92%
-19.47
6.28
23.89% -67.60%
11.1B
809.1M
8.18% 50.50%
81.07
13.74
17.99% 15.82%
6.7B
869.9M
8.60% 1.58%
-39.92
7.66
13.87% -28.82%
2.4B
-
1.17% 7.67%
-23.16
7.93
- -
SMALL-CAP
1.1B
396.1M
29.79% 5.39%
-5.73
2.87
14.23% -99.11%
1.1B
400.9M
1.28% 74.75%
-16.18
2.66
2.63% 29.30%
92.8M
315.6M
-17.82% -77.71%
-0.5
0.29
2.89% -207.54%

Financials for Cloudflare

Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue8.0%1,053,249,000975,241,000894,137,000812,627,000730,538,000
Gross Profit7.4%797,258,000742,631,000686,819,000629,751,000568,437,000
Operating Expenses6.6%1,005,709,000943,834,000878,395,000801,874,000704,891,000
  S&GA Expenses7.9%502,706,000465,762,000429,931,000399,775,000358,148,000
  R&D Expenses4.9%312,788,000298,303,000280,362,000250,700,000216,935,000
EBITDA8.9%-83,414,000-91,567,000-160,207,000-138,084,000-
EBITDA Margin16.5%-0.09-0.10-0.20-0.19-
Earnings Before Taxes2.2%-186,494,000-190,733,000-202,818,000-272,074,000-248,187,000
EBT Margin13.8%-0.20-0.23-0.33-0.34-
Interest Expenses11.4%5,553,0004,984,00020,217,00031,153,00040,557,000
Net Income1.7%-190,082,000-193,381,000-224,965,000-289,754,000-261,727,000
Net Income Margin21.2%-0.20-0.25-0.36-0.36-
Free Cahsflow56.2%-20,011,000-45,706,000-82,228,000-89,512,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets3.1%2,6682,5882,4912,4682,354
  Current Assets3.5%1,9541,8881,8161,8141,895
    Cash Equivalents25.6%256204138143160
  Net PPE4.0%298287264245202
  Goodwill0%148148149149120
Liabilities2.6%2,0151,9641,8971,8881,838
  Current Liabilities11.7%445398339333277
Shareholder's Equity4.6%653624594580515
  Retained Earnings-4.5%-877-839-793-751-687
  Additional Paid-In Capital4.1%1,5361,4751,4051,3481,216
Accumulated Depreciation13.7%157138---
Shares Outstanding1.2%330327325323-
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations58.2%19512486.0036.006.00
  Share Based Compensation11.6%226203171140106
Cashflow From Investing53.6%-109-235-570-966-867
Cashflow From Financing244.2%22.006.008.00827826
  Buy Backs-100.0%0.000.000.000.000.00

Risks for NET

What is the probability of a big loss on NET?

84.6%


Probability that Cloudflare stock will be more than 20% underwater in next one year

39.5%


Probability that Cloudflare stock will be more than 30% underwater in next one year.

37.4%


Probability that Cloudflare stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NET drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cloudflare was unfortunately bought at previous high price.

Drawdowns

Returns for NET

Cumulative Returns on NET

29.6%


3-Year Cumulative Returns

Which funds bought or sold NET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Capital Impact Advisors, LLC
sold off
-100
-141,191
-
-%
2023-05-23
Toroso Investments, LLC
new
-
694,000
694,000
0.01%
2023-05-23
Seaport Global Advisors, LLC
reduced
-29.76
-8,206
186,830
0.59%
2023-05-22
Arete Wealth Advisors, LLC
new
-
456,000
456,000
0.04%
2023-05-22
AMERIPRISE FINANCIAL INC
added
4.52
10,069,800
33,734,800
0.01%
2023-05-22
CTC LLC
new
-
8,104,250
8,104,250
-%
2023-05-22
PUTNAM INVESTMENTS LLC
added
36.78
3,448,210
11,710,700
0.02%
2023-05-19
Anson Funds Management LP
added
100
1,766,760
3,410,000
0.28%
2023-05-18
Firsthand Capital Management, Inc.
unchanged
-
1,316,000
4,932,800
5.36%
2023-05-18
JPMORGAN CHASE & CO
added
78.61
9,198,000
15,603,000
-%

1–10 of 37

Latest Funds Activity

Are funds buying NET calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NET
No. of Funds

Cloudflare News

Morningstar
AI buzz pushes tech stocks higher — but here's why the ripple effect ....
Morningstar,
34 hours ago
Investor's Business Daily
GuruFocus.com
Cloudflare Inc CEO & Chair of.
GuruFocus.com,
2 days ago
The Motley Fool
3 Stocks to Buy if They Take a Dip.
The Motley Fool,
2 days ago
The Motley Fool
The Motley Fool
2 Hypergrowth Stocks to Buy in May.
The Motley Fool,
9 days ago
The Motley Fool
Why Cloudflare Stock Popped Today.
The Motley Fool,
10 days ago
The Motley Fool
The Motley Fool
The Motley Fool

Schedule 13G FIlings of Cloudflare

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
sands capital management, llc
5.4%
15,454,112
SC 13G
Feb 13, 2023
capital world investors
5.6%
16,028,998
SC 13G
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.09%
25,883,484
SC 13G/A
Feb 08, 2023
morgan stanley
10.7%
30,529,371
SC 13G/A
Feb 03, 2023
blackrock inc.
5.4%
15,508,991
SC 13G
Jan 18, 2023
baillie gifford & co
9.25%
26,335,438
SC 13G/A
Jun 09, 2022
blackrock inc.
4.9%
13,775,817
SC 13G
Feb 14, 2022
prince matthew
11.1%
34,241,514
SC 13G/A
Feb 14, 2022
zatlyn michelle
4.1%
11,808,974
SC 13G/A

NET Fair Value

Recent SEC filings of Cloudflare

View All Filings
Date Filed Form Type Document
May 24, 2023
4
Insider Trading
May 22, 2023
4
Insider Trading
May 19, 2023
4
Insider Trading
May 17, 2023
4
Insider Trading
May 17, 2023
4
Insider Trading
May 17, 2023
4
Insider Trading
May 17, 2023
4
Insider Trading
May 17, 2023
4
Insider Trading
May 16, 2023
4
Insider Trading
May 16, 2023
4
Insider Trading

Latest Insider Trading transactions for NET

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-24
Prince Matthew
sold
-2,921,340
55.7677
-52,384
ceo & chair of the board
2023-05-24
Prince Matthew
acquired
-
-
52,384
ceo & chair of the board
2023-05-23
Prince Matthew
acquired
-
-
52,384
ceo & chair of the board
2023-05-23
Prince Matthew
sold
-2,974,850
56.7894
-52,384
ceo & chair of the board
2023-05-22
Prince Matthew
sold
-3,019,910
57.6495
-52,384
ceo & chair of the board
2023-05-22
Prince Matthew
acquired
-
-
52,384
ceo & chair of the board
2023-05-19
Zatlyn Michelle
acquired
-
-
12,820
president and coo
2023-05-19
Zatlyn Michelle
sold
-754,155
58.8264
-12,820
president and coo
2023-05-18
SEIFERT THOMAS J
sold
-969,214
57.3499
-16,900
chief financial officer
2023-05-18
Zatlyn Michelle
sold
-699,409
54.5561
-12,820
president and coo

1–10 of 50

Matthew B. Prince
2440
CloudFlare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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. Its security products comprise cloud firewall, bot management, distributed denial of service, IoT, SSL/TLS, secure origin connection, and rate limiting products. The company also offers performance solutions, which include content delivery and intelligent routing, as well as content, mobile, and image optimization solutions. In addition, it provides reliability solutions comprising load balancing, anycast network, virtual backbone, DNS, DNS resolver, online, and virtual waiting room solutions. Further, the company offers Cloudflare internal infrastructure solutions, including on-ramps, which connect users, devices, or locations to its network; and filters, which are the products that protect, inspect, and privilege data. Additionally, it provides developer-based solutions, such as serverless computing/programmable network, website development, domain registration, Cloudflare apps, analytics, and data localization management; Consumer DNS Resolver, a consumer app to browse the Internet; and Consumer VPN for consumers to secure and accelerate traffic on mobile devices. The company serves customers in the technology, healthcare, financial services, consumer and retail, and non-profit industries, as well as government. CloudFlare, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

NET Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]  
Revenue$ 290,175$ 212,167
Cost of revenue70,43247,051
Gross profit219,743165,116
Operating expenses:  
Sales and marketing137,001100,057
Research and development81,53967,054
General and administrative48,47538,029
Total operating expenses267,015205,140
Loss from operations(47,272)(40,024)
Non-operating income (expense):  
Interest income13,4871,061
Interest expense(2,126)(1,557)
Other income (expense), net(857)(487)
Total non-operating income (expense), net10,504(983)
Loss before income taxes(36,768)(41,007)
Provision for income taxes1,314374
Net loss$ (38,082)$ (41,381)
Net loss per share attributable to common stockholders, basic (in dollars per share)$ (0.12)$ (0.13)
Net loss per share attributable to common stockholders, diluted (in dollars per share)$ (0.12)$ (0.13)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)330,389323,334
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)330,389323,334

NET Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 256,363$ 204,178
Available-for-sale securities1,459,2291,445,759
Accounts receivable, net179,749148,544
Contract assets8,0238,292
Restricted cash short-term10,50510,555
Prepaid expenses and other current assets40,53170,556
Total current assets1,954,4001,887,884
Property and equipment, net298,188286,600
Goodwill148,047148,047
Acquired intangible assets, net27,59632,483
Operating lease right-of-use assets130,908132,360
Deferred contract acquisition costs, noncurrent98,42793,145
Restricted cash1,564471
Other noncurrent assets8,4346,918
Total assets2,667,5642,587,908
Current liabilities:  
Accounts payable54,56335,607
Accrued expenses and other current liabilities69,37466,425
Accrued compensation45,66942,014
Operating lease liabilities34,79633,275
Liability for early exercise of unvested stock options1,3081,902
Deferred revenue238,795218,647
Total current liabilities444,505397,870
Convertible senior notes, net1,437,3551,436,192
Operating lease liabilities, noncurrent108,804107,624
Deferred revenue, noncurrent13,46511,732
Other noncurrent liabilities10,84910,526
Total liabilities2,014,9781,963,944
Commitments and contingencies (Note 8)
Stockholders’ Equity  
Additional paid-in capital1,536,3671,475,423
Accumulated deficit(877,973)(839,891)
Accumulated other comprehensive loss(6,138)(11,896)
Total stockholders’ equity652,586623,964
Total liabilities and stockholders’ equity2,667,5642,587,908
Class A common stock  
Stockholders’ Equity  
Common stock, value, issued289286
Class B common stock  
Stockholders’ Equity  
Common stock, value, issued$ 41$ 42